It’s not a surprise that Newcastle fans are now getting just a little bit sick and tired of any news on the elongated takeover.
The latest takeover attempt was initiated by Ms. Amanda Staveley.
The Yorkshire-born financier was in a London court this week giving evidence on her legal action of suing Barclays Bank for £1.5B, regarding the Manchester City takeover back in 2008.
The owners’ and directors’ test (O&D) takes only three weeks for other big Premier League clubs, but this has now gone past 9 weeks and counting for Newcastle.
This could only happen to Newcastle, as we’ve said before, but we are still hopeful the deal will go through.
We say that because if it is rejected, it will open up a (rather large) can of worms for the Premier League because they are not consistent with their O&D test.
And the test will likely be modified after they allow Newcastle to be acquired.
There has been some massive opposition to the takeover.
And next Wednesday, the World Trade Organisation (WTO) is expected to rule that Saudi Arabia was behind the illegal pirate streaming of Premier League games by Saudi station beoutQ from Qatar-based beIN Sports.
Ms. Amanda Staveley – arriving at the Barclay Bank hearing last Thursday
Despite all of this, there is news in the Football Insider today the deal will go through.
They have interviewed 45-year-old Noel Whelan, and this is what the former Coventry City striker has told them in an exclusive report:
“A lot of things seem to be cropping up at the minute and no one seems to know what’s going on. I still think it will happen, I do.”
“But I think Mike Ashley just wanted to get the deal done as quickly as possible, get the money in the bank and move on.”
“I think that’s what Newcastle fans and players were hoping as well because you want the new consortium in place for the start of next season.”
“These last remaining games would have given them a bit of time to bed in, have a look at the players that are already there at Newcastle and make their mind up who they want to keep.”
“There’s lots of things that need to happen before the start of next season and the takeover is crucial for both parties to move on and get some clarity to where everyone stands come pre-season next year.”
“It was always going to be one of these where it wasn’t going to happen straight away and it was a formality.”
“There have already been people grumbling about the takeover, other clubs not wanting it to happen and rightly so, because it would put them in the richest club bracket.”
“There’s lots of things that need to be ticked off but I think it will happen.”
“I don’t think it will be one of these takeovers that just dwindles away. I think they’ll push for it.”
Well, we’ve heard all this before – yes – but something has to give soon, and we expect a decision within the next couple of weeks when the Premier League is back in action.
Let’s hope they make the correct decision, based on a legal assessment of the takeover, which is their owners’ and directors’ test.
And that will finally free the Newcastle club and our fans.
We have been locked down, under the hopeless and hapless Mike Ashley for 13 long and painful years.