There has been a Sky Sports Football podcast, where reporter Keith Downie has discussed the current state of the Newcastle takeover led by financier Ms. Amanda Staveley.
Downie backs up recent reports by saying the owners’, and directors’ test seems to be in its final stages – at the end game, so to speak.
We really hope that’s true so that an announcement can be made soon – buy we’ve said that for at least two weeks now.
But despite a lot of negative reports coming out, they say the takeover is still on track.
This is some of what Keith has said:
“In terms of the takeover going through, we’re pretty much at the final knocking.”
“A lot of spadework has been done, certainly in the last two months, but even more so in the last couple of years.”
“We know Amanda Staveley tried to buy the club at the end of 2017 and failed to do so, when it ended quite acrimoniously with Mike Ashley at the time, when he described her as a waste of time.”
“Now the two of them have got back together and I’m told by sources on Staveley’s side of things that they’ve kissed and made up, so to speak, that that is water under the bridge now and here we are.”
“It’s now with the Premier League. There are two things to do: it needs to get the thumbs up from the Premier League, which is proving a little bit more difficult than some thought.”
“And then, if and when that happens, it’s a case of the remainder of the funds being transferred to Mike Ashley.
“It’s been with the Premier League for a number of weeks now but that can happen, it can take weeks, it can take months.”
“With the current pandemic we’ve got, I think that makes it even more difficult to work out when we’ll have a resolution to this.
There’s really no new news there from Downie, as you can see, but at this stage of the vetting of the takeover, we don’t want to hear much news at all.
In this case, no news is good news with so many organizations wanting the acquisition to fail, and Italian club Roma have even made overtures to the Saudis to buy them if the Newcastle deal fails.
There has to be a lot of jealousy out there from both clubs, organizations and individuals that Newcastle may quickly become the richest club in the world – there has been a lot of that going on.
The other good news that Neil reported on today is that the DCMS (Digital, Culture, Media, and Sports) Committee will reject a call for an evidence session on the Saudi TV channel’s (beoutQ) piracy claims
Surely it cannot be too much longer before this deal is approved by the Premier League?
We are waiting and trying to be patient.
What do you think?