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Report – Newcastle Takeover To Be Announced ‘On Or Around June 1’


Early Thursday, the Sun’s Neil Custis issued the following tweet claiming Newcastle’s takeover would be resolved next week.

On the face of it, Custis’s tweet is not necessarily negative. Though it is certainly unwelcome for Newcastle fans sick of waiting for the Premier League to complete its tests.

Under the circumstances with Project Restart kicking off this week, it’s understandable that a decision on the takeover has been delayed.

However, Custis has followed up with a report late Thursday that claims the league has found no reason to block the takeover. The delay in officially contacting both the seller and buyer is due to Project Restart.

This is what Custis writes in The Sun:

There had been a delay while authorities work on Project Restart as they try to get the game up and running amid the Covid-19 crisis.

SunSport understands the League’s owners and directors test found no barrier to the takeover.

Financier Staveley, who is fronting the bid, is expecting official word next week.

Then once the funds and paperwork are sorted an announcement will be made on or around June 1.

Custis’s reporting is very similar to what local journalists George Caulkin and Lee Ryder reported on Thursday. However, Custis has provided a potential date that the announcement will be made.


The date of June 1st also makes a lot of sense when you take into consideration the importance phase 1 and 2 of Project Restart will play in getting this season back underway.

Phase 1 began on Tuesday after being approved during a meeting on Monday. After Monday’s meeting, Premier League chief Richard Masters made the following comments about when phase 2, which involves contact training, will begin:

“Today we haven’t talked to the players or even that clubs yet about return to contact training, in terms of the fine details of protocols. We’re anticipating we can do that in the next week to 10 days.

“Before any decisions are made exactly the same as this stage’s decision, we will have very similar meetings with players and managers to explain to them how contact training would work and so they can raise their concerns and questions and we can answer any medical concerns they might have.”

Masters is adamant that phase 1 must be a success before even discussing phase 2. He cites a week to ten days before that discussion can begin.

That timeline is consistent with what Custis is reporting.

The Premier League’s focus next week will be moving to phase 2 of Project Restart. Considering that, it makes sense that the takeover will not be announced until the following Monday on June 1st, assuming all goes well with moving to phase 2.

The Amanda Staveley-led consortium will be given the green light to transfer the funds next week. This could take a few days, according to George Caulkin. However, once transferred, the deal will be official.

So while the announcement may not come until June 1st, we’ll probably hear some auspicious news next week after the Premier League contacts our prospective new owners and Mike Ashley.


112 comments so far

  • coming home

    May 21, 2020 at 11:42 PM

    Comment #1

    Neil

    You just copied Bladey..lol

    3
  • WLtoon

    May 21, 2020 at 11:47 PM

    Comment #2

    Another week of nothing. Total Bullshit this .

    9
  • coming home

    May 21, 2020 at 11:49 PM

    Comment #3

    WLtoon

    Man up kid

    It will happen

    Stop crying in your beer

    6
  • the Northumbrian

    May 21, 2020 at 11:58 PM

    Comment #4

    Wishing my life away now

    1
  • north east lincs toon

    May 22, 2020 at 12:06 AM

    Comment #5

    Did Amanda used to be a model ?? Proper milth

    1
  • NY Mag

    May 22, 2020 at 12:09 AM

    Comment #6

    nelt,

    Apparently she was a model in her younger days.

    2
  • WLtoon

    May 22, 2020 at 12:11 AM

    Comment #7

    Yeah Staveley used to be a model, very fit for someone in her late 40s

    4
  • WLtoon

    May 22, 2020 at 12:14 AM

    Comment #8

    The announcement on OR around 1st June, No definite day there either then.

    5
  • RobLeenio

    May 22, 2020 at 12:14 AM

    Comment #9

    This is guesswork from The Sun, based on how long they think it will be for the interested parties to be ‘officially’ informed that the O&D tests have been passed, added to the maximum amount of time they think it will take for money to be transferred.

    They’re probably estimating Tuesday for the former bearing in mind the bank holiday and 3-4 working days for the latter.

    They’re shooting in the dark, hoping to hit the target. They’ve left some wiggle room, with their ‘on or around’ caveat, which should tell us everything we need to know.

    In my mind, it could come tomorrow or it could come on the 1st, or soon after that, but whatever date it is, the important thing is that it’s coming.

    #cans

    13
  • RobLeenio

    May 22, 2020 at 12:16 AM

    Comment #10

    Or any day in between, too, frankly!

    #cans

    1
  • NY Mag

    May 22, 2020 at 12:19 AM

    Comment #11

    RobL,

    To be fair..it’s gueswork from anyone and everyone
    Good fun though 🙂

    I’m not worried, I believe it’ll happen

    7
  • Munster Mag

    May 22, 2020 at 12:21 AM

    Comment #12

    Custis is credible IMO. This isn’t negative news.

    1
  • RobLeenio

    May 22, 2020 at 12:21 AM

    Comment #13

    NYMag, exactly my thoughts too.

    Let the journos have their fun, we’ll be having plenty of our own soon enough.

    Can’t wait for kets to start assembling some transfer lists!

    1
  • WLtoon

    May 22, 2020 at 12:25 AM

    Comment #14

    NYMag

    The constant announcement push backs are far from fun Imo, they are annoying and frustrating.
    Doubt ile lighten up until its done

    5
  • RobLeenio

    May 22, 2020 at 12:25 AM

    Comment #15

    Niall and Biffa just sound bored now.

    “Lacking even the energy to ironically post a picture of unopened beverages, like the killjoys we are, we’re unable to add anything to current takeover speculation.

    Another week of digging has brought us precisely nothing, other than the usual assertions that it’s all “still in progress”, “with the Premier League” and that there’s no firm date for any announcement as yet.”

    😀

    2
  • RobLeenio

    May 22, 2020 at 12:27 AM

    Comment #16

    WLtoon, it’s time to embrace the nonsense and let go of the frustration.

    It’s better for the blood pressure, for starters!

    How was your bike ride?

    0
  • NY Mag

    May 22, 2020 at 12:31 AM

    Comment #17

    RobL,

    Yeah, Kets on the recruitment team and bladey on the hearts and minds campaign 😀

    4
  • NY Mag

    May 22, 2020 at 12:32 AM

    Comment #18

    WL,

    I think the key is to not take anything seriously….until it’s official
    Don’t let the Twitterati play mind games with you 🙂

    3
  • RobLeenio

    May 22, 2020 at 12:37 AM

    Comment #19

    “bladey on the hearts and minds campaign”!!!!

    Funniest thing I’ve read today!

    Just wait for MBS to jet in for the FA Cup final, maybe we should introduce them. The scenes!

    “Saudis, Out! Pocchettino, Out! Qataris and Bruce, In!”

    😀

    6
  • Essex Geordie Bill

    May 22, 2020 at 12:45 AM

    Comment #20

    The Henry Winter interview was very interesting, I half expected him to start speaking with a Geordie accent!

    3
  • Essex Geordie Bill

    May 22, 2020 at 12:46 AM

    Comment #21

    I reckon that Bladey is the funniest commentor on the blog, always makes me laugh!

    4
  • Essex Geordie Bill

    May 22, 2020 at 12:49 AM

    Comment #22

    Don’t know if this link will work but the group is the one my son is with, it’s a new website.

    Have to say I didn’t expect to like the music but it has a very weird hypnotic aspect to it and the song could apply to us fans.

    http://www.squiffers.co.uk/everybodys-happy-now-village-video/

    2
  • NY Mag

    May 22, 2020 at 12:50 AM

    Comment #23

    Bill,

    Where can I find the Henry winter interview?

    0
  • Essex Geordie Bill

    May 22, 2020 at 12:56 AM

    Comment #24

    NY Mag it’s a few threads back!

    1
  • RobLeenio

    May 22, 2020 at 12:56 AM

    Comment #25

    NY Mag

    https://www.youtube.com/watch?v=zfSpLcDZy_s

    Worth a watch, as Bill says

    1
  • WLtoon

    May 22, 2020 at 12:57 AM

    Comment #26

    RobL

    its just as well im taking BP tablets lol.
    The bike was damn hard going, first one for about 2 years but i enjoyed it, ile be getting out as much as possible.

    2
  • Essex Geordie Bill

    May 22, 2020 at 12:58 AM

    Comment #27

    There’s a lot more of the Squiffers stuff if you go to their home link.

    0
  • NY Mag

    May 22, 2020 at 12:59 AM

    Comment #28

    Bill,

    I knew I read it earlier on the blog, but didn’t have time to look into at the time.

    RobL, thanks for the link – saves me going back 🙂

    0
  • WLtoon

    May 22, 2020 at 1:03 AM

    Comment #29

    NYMAG

    I dont do Twitter mate, just read the tweets posted on here, i dont take much notice if it really.
    Its the constant contradictions of the state of play re the takeover and delay of the announcement that pishes me off
    I am very hopeful still, just not as patient as most of the posters on here.

    1
  • Essex Geordie Bill

    May 22, 2020 at 1:06 AM

    Comment #30

    I spent most of today fighting with 20 years of Ivy growth on my back fence, currently a draw, 2nd round on Friday, looking forward to see the recycling centres back to normal operation. Apparently there were two hour queues at my local one!

    1
  • Essex Geordie Bill

    May 22, 2020 at 1:07 AM

    Comment #31

    NY Mag was going to go back to find you the link but well done Rob saved me the bother. 🙂

    1
  • NY Mag

    May 22, 2020 at 1:14 AM

    Comment #32

    I’m in the middle of watching the Henry winter interview…..so far, very interesting – he’s good 🙂

    0
  • NY Mag

    May 22, 2020 at 1:35 AM

    Comment #33

    WL,

    Fair enough mate…..I appreciate there’s a load of contradictions going around (from many sources)
    I don’t have any knowledge that can put your mind at rest……other than it’ll happen when it happens.

    That’s pretty lame, but it is the reality 🙂

    1
  • Our Toon

    May 22, 2020 at 1:57 AM

    Comment #34

    The only thing I’m bothered about is will it happen, each day we get closer. Seems as though we may well have got green light as its widely reported, announcement tomorrow, 1st june or 20th june….I’m not fussed. Only thing that matters is approval for PL

    1
  • Tonyd3b54

    May 22, 2020 at 2:15 AM

    Comment #35

    Literally laughed out loud when I read the title. Next well see anouncement set for sometime in 2020..

    1
  • DubaiMicky

    May 22, 2020 at 3:25 AM

    Comment #36

    Morning, and we;come to the graveyard shift, no one around usually until 6.30am UK time.

    Dentist reckons announcement today, I’ve no idea, nothing to do but wait.

    2
  • lesh

    May 22, 2020 at 3:31 AM

    Comment #37

    June 1st or thereabouts could make some sense for the announcement.

    Timing it to coincide with any announcement about Project Restart would mean there’d be less media attention. Maybe.

    1
  • DubaiMicky

    May 22, 2020 at 4:04 AM

    Comment #38

    lesh I’d have thought the Saudis etc. would want maximum coverage – “Look at we’ve bought” type thing.

    They aren’t the type that hide their lamps under a bushel.

    7
  • Jail for Ashley

    May 22, 2020 at 5:31 AM

    Comment #39

    DMicky,
    Your mate, not sure if it was the same one that told the other poster on here that the deal was done, I take it it’s not the Sun journo. If it’s the dentist you’re getting your info from, I’d take it with a pinch of salt if I was you, he seems to be letting you down a awful lot.

    3
  • DubaiMicky

    May 22, 2020 at 5:35 AM

    Comment #40

    Just on this one Jail (The Dentist), he said Wednesday that it would be today, but hey, what does any of us know.

    1

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