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Report – There Are Still No Red Flags With Newcastle Takeover


Despite a report today from The Times claiming that some Premier League clubs have raised concerns over Newcastle’s takeover, local journalists are still upbeat that everything is on track.

The Chronicle’s Lee Ryder is maintaining that there still has not been any red flags raised with the buyers. He also claims that sources in the Middle East have expressed confidence that this takeover will be approved.

This is what Lee Ryder writes in his report:

Chronicle Live understands that the thorough examination of the takeover approach by Amanda Staveley, the Reuben brothers and Saudi Arabia’s Public Investment Fund is now in the final stages and there have been no hiccups.

The good news for United fans is that the process remains on course for the Magpies to have a new owner and there have been no red flags – despite talk of fresh opposition from other top-flight clubs and further complaints about the deal.

Mike Ashley, as one would expect, has refused to comment, but Steve Bruce was asked about the situation during a Sky Sports interview.

While Bruce didn’t say he had any direct knowledge, he certainly sounded like someone who thought a change in ownership was imminent.

The Chronicle has verified that Bruce and the players are still ‘in the dark’ as they await confirmation like the rest of us.


125 comments so far

  • hibbit

    May 21, 2020 at 6:11 PM

    Comment #41

    the frustration is building and the knifes are being sharpen,
    under these circumstances best practice is stay calm, its pointless falling out among ourselves, there are plenty others out there who are only to happy to use us for target practice,

    6
  • Jail for Ashley

    May 21, 2020 at 6:12 PM

    Comment #42

    Thump,
    I wonder why four Saudis need to come to Newcastle though. I don’t think Mashley’s solicitors are here and he’s in America by all accounts.

    1
  • Toonces

    May 21, 2020 at 6:14 PM

    Comment #43

    I think that there would need to be approval from PL soon so that new owners can have their people in place at the club and have their say on next steps of Project Restart.

    If the PL holds up the acquisition more than necessary then the new owners could have a legitimate issue with the PL and could interfere with Restart. Not saying they would, just that they could, and maybe Charnley is being given directions from the new owners. But it makes sense for the PL to approve this before any of the next big decisions are made.

    0
  • Anglo Saxon

    May 21, 2020 at 6:16 PM

    Comment #44

    And that blacked out 4×4 raises eyebrows.

    0
  • WLtoon

    May 21, 2020 at 6:16 PM

    Comment #45

    Why do journo,s need to reiterate that there are no Red Flags when apparently the deal got the Green Light yesterday by more than one source.
    We all know the reason . The tests are obviously still ongoing OR these SOURCES are full of shite.
    Im all for the takeover happening but for god sake if you Journo,s cant print facts to fill your rags just STFU

    5
  • Jail for Ashley

    May 21, 2020 at 6:19 PM

    Comment #46

    Toonces,
    I hope Churnley is punished under Sharia law.

    4
  • Thump

    May 21, 2020 at 6:22 PM

    Comment #47

    @Jail: Could be to take a closer look at the infrastructure or operational side. Alternatively, they fancied a few days at King Edwards Bay with some fish and chips.

    2
  • Shadow_Shearer

    May 21, 2020 at 6:25 PM

    Comment #48

    Takeover imminent in 2017, today it is still imminent!!

    5
  • WLtoon

    May 21, 2020 at 6:29 PM

    Comment #49

    Just been on Itv North east that all PL tests have been passed for the takeover but i think they are just going by the Saudi broadcasting info last night.

    1
  • Thump

    May 21, 2020 at 6:31 PM

    Comment #50

    @WLtoon: Which in turn sites the Express as a source, which comes from Richardson’s comment.

    All a big wheel of baals, mate.

    3
  • WLtoon

    May 21, 2020 at 6:36 PM

    Comment #51

    Thump

    Exactly. Knows Sweet FA

    0
  • Gothmog's Pyjamas

    May 21, 2020 at 6:37 PM

    Comment #52

    Jail

    maybe the 4 Saudis actually live here? We do have foreigners living in the NE. Maybe someone is at uni and stayed here through the pandemic – plenty of international students didn’t go home.

    Of all the planes tracked through all the “takeovers” through all the years, how many had anything to do with anything at all?

    None is the answer. and every time people get carried away again and think this time its different.

    0
  • GeordieTwo

    May 21, 2020 at 6:42 PM

    Comment #53

    What colour are the flags then? That one on the corner is bleached from the sun, it’s been there so long. It looks pink to me…. Hmmm…..

    1
  • Gothmog's Pyjamas

    May 21, 2020 at 6:44 PM

    Comment #54

    NUFC 360
    @NUFC360
    The Premier League has approved an agreed deal between Mike Ashley, and a consortium led by Saudi Arabia’s Public Investment Fund, chaired by Saudi Crown Prince Mohammed Bin Salman, alongside funding from UK-based billionaire brothers David and Simon Reuben & PCP. [Forbes] #NUFC

    Probably crap but…….

    2
  • Frank pingles come sock

    May 21, 2020 at 6:44 PM

    Comment #55

    Billy Thomson

    Mornin @GeorgeCaulkin, serious question as I’m not sure how these things work. Could members of news and media have it confirmed to them that it is done but asked not to say anything (short term) until an official announcement has been made in return for some sort of exclusivity?

    George Caulkin – liked this tweet today

    Go onto George Caulkin as twitter account

    Scroll across to his (likes)

    It shows you all the tweets he has liked

    This tells me it’s been approved and he is keeping it hush hush

    10
  • Asi Fish

    May 21, 2020 at 6:45 PM

    Comment #56

    4 Saudis came for 20% off Just Eat but got the day wrong.

    6
  • Frank pingles come sock

    May 21, 2020 at 6:45 PM

    Comment #57

    @billythomtoon

    1
  • Frank pingles come sock

    May 21, 2020 at 6:46 PM

    Comment #58

    When you go onto George Caulkins likes

    You can see this post

    Then click on the 1 like

    2
  • GeordieTwo

    May 21, 2020 at 6:48 PM

    Comment #59

    Is this a good day for takeover news? What are the latest positive rumours.?Saudi flyovers of the ground? Large quantities of sand being shipped to the NorthEast? This would be funny if it wasn’t so frustrating. This shouldn’t be taking this long, even in a pandemic. Someone or some group within football are clearly trying to prevent it happening but where does that leave us? Harrumph……

    1
  • Jail for Ashley

    May 21, 2020 at 6:48 PM

    Comment #60

    Gothmog’s Pyjamas,
    Aye, could be and not related to the takeover what so ever. So not really rocket surgery after all Jiblets.

    1
  • Budge123

    May 21, 2020 at 6:49 PM

    Comment #61

    Forbes says done?

    1
  • hibbit

    May 21, 2020 at 6:49 PM

    Comment #62

    regarding this takeover and Amanda’s failed attempt,
    absolutely no need to for anyone to visit Newcastle nothing has actual taken place in the city no meetings, no negotiations,none of discussions, not even the due diligence all done in London,

    0
  • Gothmog's Pyjamas

    May 21, 2020 at 6:53 PM

    Comment #63

    Budge123

    Its not forbes, its NUFC360 saying it as coming from forbes.

    Cant see anything on Forbes twitter or website and they havent provided a link to the news….

    1
  • Budge123

    May 21, 2020 at 6:54 PM

    Comment #64

    Check again new link up

    0
  • Budge123

    May 21, 2020 at 6:55 PM

    Comment #65

    I am out with the dog though so haven’t read the details!
    Smiley face etc

    1
  • 9

    May 21, 2020 at 6:56 PM

    Comment #66

    To repeat, it’s patience, lads. That’s all. No need to worry/speculate/look at planes/blacked out windows/ etc. Forget all that. There will be an announcement when (and it is when, not if) the time comes round. I don’t have a scooby-do when that will be, nor do you, nor do all the journalists on the planet. It will happen, that’s a certainty, and it will happen when it will happen. Keep the faith! The richest football club the world has ever seen – NUFC, the minute the announcement is made!
    HWTL!

    3
  • Gothmog's Pyjamas

    May 21, 2020 at 6:56 PM

    Comment #67

    Its on forbesmiddleeast website

    0
  • Gothmog's Pyjamas

    May 21, 2020 at 6:57 PM

    Comment #69

    And now the website has crashed!!

    lol we’ve brought down a website

    5
  • Gothmog's Pyjamas

    May 21, 2020 at 7:01 PM

    Comment #70

    Lets wait and see it verified by someone else.

    ME press have got things wrong before….

    0
  • Dagwoodz

    May 21, 2020 at 7:03 PM

    Comment #71

    The standard for media reporting is 3 verified sources…that looks to be one. Waiting on a couple of more…then #CANS #CANS #CANS

    1
  • Anglo Saxon

    May 21, 2020 at 7:03 PM

    Comment #72

    The Premier League has approved an agreed deal between Sports Direct tycoon, Mike Ashley, and a consortium led by Saudi Arabia’s Public Investment Fund (PIF), chaired by Saudi Crown Prince Mohammed Bin Salman, alongside funding from UK-based billionaire brothers David and Simon Reuben.

    The deal will mean that Saudi Arabia owns around 80% of Newcastle United. Ashley has had control of the club since 2007 when he bought it for $167 million.

    Now is a good time to buy a Premier League Club—their value has dropped in total by nearly $2 billion, or 18.9% from the previous record of about $10.6 billion, according to Transfermarkt.

    The news has reportedly been received positively by Newcastle fans, who have certainly not been fans of Ashley recently. They will now likely have one of the richest owners in the league, meaning they can look forward to a revival in the club’s fortunes. The new owners are likely to spend on top talent. Manchester City went on to win the premier league after being taken over by Abu Dhabi.

    PIF is able to splurge. It has about $300 billion in assets and has already been on a shopping spree this year, buying 25 companies.

    The Ruben brothers, the other shareholders in Newcastle United, have a combined $14.2 billion net worth from real estate, technology, and investments. They are among the richest people in the UK.

    There have been rumors of Saudi Arabia picking up a stake in an English Premier League Club, for a while. Earlier this year there were media reports of them picking up a stake in Manchester United, which was later denied by Saudi Crown Prince Mohammed Bin Salman.

    The club has a rich legacy. It was formed in 1892 and is popularly known as the Magpies. It has won the FA cup six times, and has never dropped below the second division since its inception.

    5
  • geordietom

    May 21, 2020 at 7:03 PM

    Comment #73

    Saudi Bid For Newcastle United Approved , this is off Forbes
    Jason Lasardo
    By
    Jason Lasardo
    Forbes Middle East Staff
    May 21, 2020, 11:46 AM<<<<<<<< the time on it its now 19: 03 took all day to hit the blog ….

    2
  • onmeedsun

    May 21, 2020 at 7:04 PM

    Comment #74

    Dondatta #34
    Talk of dilly dally etc.
    Dilly ding, dilly dong from Ranieri is the best line ever to come out of the PL in 27 years. Absolute classic!
    Thought this would be do be by week 4 so now 2 weeks over, and yet another week draws to a close. The lockdown makes it worse.
    However, there are 3 interested parties to look into and I’ve opened bank accounts in the Middle East and have watched my life pass me by waiting for stuff to happen. It’s the most frustrating place on this planet to do any business with, no I shouldn’t be that surprised we’re in week 6. George Caulkin is the one journalist I trust.

    1
  • magicmac54

    May 21, 2020 at 7:05 PM

    Comment #75

    I guess all these reporters and Journalist with all thier great sources of information need to go back to school as its clear as day they dont understand the meaning of the word imminent, they are all a joke and the reality is they dont have a clue anything about the takeover or when its going to happen, if they guess often enough one of them will strike gold and guess the correct answer. For my part iam as desperate as any other fan for this takeover to happen and to finally see the back of Ashley, and give our great club and amazing fans hope for the future, i feel for the first time this is the real deal and the takeover will happen soon, it could be this week, next week or even a little longer who knows, but just lets all be patient and in the near future you can all gets those cans out and celebrate fellow Newcastle fans. HWTL

    0
  • Gothmog's Pyjamas

    May 21, 2020 at 7:06 PM

    Comment #76

    No mention of Staveley or PCP on the article..

    Im hesitant to believe middle east press, they get excited and get ahead of themselves at times…

    Needs confirming by others..

    1
  • geordietom

    May 21, 2020 at 7:06 PM

    Comment #77

    anglo …

    wheres that from mate ? …

    0
  • geordietom

    May 21, 2020 at 7:08 PM

    Comment #78

    not a dicky bird on sky …

    1
  • Anglo Saxon

    May 21, 2020 at 7:08 PM

    Comment #79

    TOM Forbes mate.

    0
  • geordietom

    May 21, 2020 at 7:11 PM

    Comment #80

    i dont get this May 21, 2020, 11:46 AM<<<<<<<< the time on it, its now 19: 03 took all day to hit the blog ?. the Forbes Article …

    0

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