Keith Downie with Sky Sports is sharing the news we all did not want to hear. The takeover is now off as the consortium has formally withdrawn it’s bid to purchase Newcastle United.
BREAKING: The Saudi-backed consortium led by Amanda Staveley has formally withdrawn it’s bid to buy Newcastle United. They say the amount of time the takeover has taken, coupled by global uncertainty, has forced them to pull out of the deal #NUFCTakeover
— Keith Downie (@SkySports_Keith) July 30, 2020
Keith Downie has also tweeted the following statement from the consortium.
PCP/PIF Saudi: “We feel great compassion for the Newcastle United fans with whom we shared a great commitment to help. We would like to say that we truly appreciated your incredible expressions of support and your patience throughout this process. We are sorry it is not to be.”
— Keith Downie (@SkySports_Keith) July 30, 2020
This is of course devastating news for a Newcastle fanbase that has been through so much under Mike Ashley. We can’t help but harbor serious animosity towards the Premier League for allowing this to linger this long while leaving the club in limbo.
Where we go from here, we have no idea.
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168 comments so far
AshLIE is a Joker
Jul 30, 2020 at 3:49 PM
Comment #1I really hate the PL.
This is what we said would happen, let them pull out so we don’t have to reject or accept the offer!
Geordie crappa
Jul 30, 2020 at 3:50 PM
Comment #2Gutted. On to the next one eh??
Munster Mag
Jul 30, 2020 at 3:50 PM
Comment #3Just got the tweet from my Forest pal.
Gutted.
It was going that way.
Keys and Co will be thrilled, sickened.
Geordie crappa
Jul 30, 2020 at 3:51 PM
Comment #4And I agree AshLIE.
#cans
Jul 30, 2020 at 3:52 PM
Comment #5god I’m depressed now, luckily we have other bidders in the wings
toon22
Jul 30, 2020 at 3:52 PM
Comment #6It’s never Jabbas fault
yogz69
Jul 30, 2020 at 3:52 PM
Comment #7Let’s see how quick it gets waved through when they try buy West ham
TomaKaThor
Jul 30, 2020 at 3:52 PM
Comment #8I really can’t express my utter anger towards the PL
The Hit Man & Her
Jul 30, 2020 at 3:52 PM
Comment #9Not celebrating at all, Munster.
But I will say you can add an apology for the grief i got from you, robleenio and who knows who else for ridiculing my thought that the current economic uncertainty has probably stalled it some time back.
And there you have it. Never believe the stories, the lying media hacks and the ITKs they know nothing.
A dark future of more Ashley in view.
AshLIE is a Joker
Jul 30, 2020 at 3:52 PM
Comment #10Keep washing your hands PL, your corruption is oozing!
Novocastrian66
Jul 30, 2020 at 3:52 PM
Comment #11The PL have been a disgrace throughout this process. I would suggest all Newcastle United supporters cancel their Sky subscriptions on mass, to hit Sky and the PL where it hurts. I hate them both.
wynsleap
Jul 30, 2020 at 3:52 PM
Comment #12There is no next one and if there was it wouldn’t be anywhere near this one.
Club is up s**t creek.
Gothmog's Pyjamas
Jul 30, 2020 at 3:53 PM
Comment #13How much is the Bus worth in scrap?
Munster Mag
Jul 30, 2020 at 3:53 PM
Comment #14The Vegan will now try to annoy us even more by saying this is not indicative that there was ever a takeover.
If you do, PFO Vegan. Permanently.
toon22
Jul 30, 2020 at 3:53 PM
Comment #15But we were assured
Told it was 200 % done
#cans
But here we are , business as usual
It's on
Jul 30, 2020 at 3:53 PM
Comment #16I am not happy being taken for granted as a supporter of a “cannon fodder” team, set up to get beaten every season by a group of “star” teams. The EPL is not competitive, we, as NUFC supporters are mugs for providing emotion to this ridiculous situation. Sky “@@@@ off”, BT Sports “@@@@ off”, EPL “@@@@ off”
The Hit Man & Her
Jul 30, 2020 at 3:53 PM
Comment #17So now Munster you can suck up your comments before I repost them and also post where i said I’d be celebrating this sorry mess. Get on with it I’m waiting.
Northumbrian
Jul 30, 2020 at 3:54 PM
Comment #18https://www.nufcblog.co.uk/2020/07/30/richard-keys-sends-laughable-takeover-message-to-nufc-fans-all-ive-ever-done-is-tell-you-the-truth/
Australian Pie
Jul 30, 2020 at 3:54 PM
Comment #19Well that’s me off the blog until next season starts, enjoy your summer everyone. Another season of survival awaits
boss hoggs atm
Jul 30, 2020 at 3:54 PM
Comment #20The end of our football club & all hope, sad sad day
#cans
Jul 30, 2020 at 3:55 PM
Comment #21Next season is going to be a long slog already – at least the media won’t be able to link us with every player under the sun – bargain basement only players for us and Bentelab / Rose to sign perm deals.
Can’t imagine the players think much of the news either
The Hit Man & Her
Jul 30, 2020 at 3:55 PM
Comment #22Exactly as advertised. Ashley blows it big style.
It's on
Jul 30, 2020 at 3:56 PM
Comment #23By the way, Crown Prince, you have lost face. EPL did not think you were worthy of owning an EPL team. Qatar beat you.
Our Toon
Jul 30, 2020 at 3:56 PM
Comment #24Well guess it shows English football is run by 3rd party stakeholders who buy TV rights. Masters and Qatar will be happy, no doubt a brown envelope is on its way to him as I write this….Nice little bonus!!
They bought the World Cup, bribed to get world Cup tv deal and now prevented a takeover of an English club!! Corruption is rife in football, I sincerely hope the PL product crashes and burns!!
Kevin Vegan
Jul 30, 2020 at 3:56 PM
Comment #25Munster
Already stated several times that I’m taking that as my silver lining from this dark cloud. It looks loke Ashley was probably trying to sell this time, assuming he didn’t always know it would fail but that would be a bit of a stretch of the imagination.
lochinvar
Jul 30, 2020 at 3:56 PM
Comment #26I blame the virus, FA-0
And Covid hasn’t helped either.
Football clubs will be on their knees financially and Ashley will really feel the pain.
Not a bother.
Mauriss is on his way.
Isn’t he?
Greebol1892
Jul 30, 2020 at 3:56 PM
Comment #27Everyone involved and others just sticking their oar in have done everything possible to stop this from happening and have succeeded.
Richard Keys will be having a tommy-tank.
Another season with Ashley = goodbye to our best players Saint Maximin, Dubravka, Almiron. Favourites for relegation before
ball has been kicked. Joelinton will be good for us in the championship.
Happy days – HWTL
toon22
Jul 30, 2020 at 3:56 PM
Comment #28Yep
That glimmer of hope
Gone
Let’s see how quickly his 2nd bidder vanishes
The Hit Man & Her
Jul 30, 2020 at 3:56 PM
Comment #29Don’t blame the PL. It’s likely they couldn’t say anything because they were kept waiting for the application. I don’t think they got it launched.
AshLIE is a Joker
Jul 30, 2020 at 3:56 PM
Comment #30there has got to be another company that wants to buy our club, there has to be, i can’t take another season of AshLIE and Bruce. This is sh!t
Rotonda heights
Jul 30, 2020 at 3:57 PM
Comment #31Toon 22
Really not the time to be gloating is it.
Oh well no more people saying ”it’s a done deal” and ”I’m confident” blah blah blah.
Jeez we are cursed. This could only happen to us. Not just the club but the whole city and region.
No need for the Saudies to sue they’ll just walk away and buy another grateful club in another league.
Don’t know who’s screwed this dream up, PL or Ash but after BZG I just can’t take this any more. This was our one chance, can you imagine Keys and Bein smirking away, it doesn’t bear thinking about.
Only consolation is the PL won’t get the Chnese or Arab money, unless it is Ashley who has blown it.
DONE !!
Dondatta13
Jul 30, 2020 at 3:57 PM
Comment #32Have I just witnessed my club slip away down the plug hole into oblivion?
The Hit Man & Her
Jul 30, 2020 at 3:57 PM
Comment #33Forget outside influence. It’s in their statement. Not economically viable under the current situation. Simple as that.
IrishRob
Jul 30, 2020 at 3:58 PM
Comment #34Dya know what Kevin, you’ve come on in my estimation. U haven’t goaded anyone or told anyone you were right, you’re just depressed like the rest of us. Unlike that other prick toon22 who just seems like he wants to stick the knife in and tell us all how we are all wrong.
toon22
Jul 30, 2020 at 3:59 PM
Comment #35IR
Love you too
Kisses
Our Toon
Jul 30, 2020 at 3:59 PM
Comment #36The statement they’ve released makes perfect sense, they’ve pointed to uncertain economic times with covid however the key thing i take from it is the uncertainty with timescale on a decision. Can’t plan for next season, they don’t want to invest in something and find it might be to late to change anything before its to late!!
Reet that’s me done again, have fun all
TomaKaThor
Jul 30, 2020 at 4:00 PM
Comment #37Simply put unfair, corrupt pl.. 4 months without an answer and ofcourse they will never tell us the real reason.. Probably because there wasn’t any grounds to stop it, and they finally had enough…i want to actually hurt Masters
WarrenBartonCentreParting
Jul 30, 2020 at 4:00 PM
Comment #38Well that’s 3 months of my life I won’t get back.. Richard Masters and his smug PL cronies can gan jump.. I’m through with “Premier” league football.. a total footing sham..
Gutted for the fans who will have to no doubt have another 10 years of dross to put up with.
What a sickner.
the crown princes nashers
Jul 30, 2020 at 4:00 PM
Comment #39well well well, they have finally done it, thanks to the PL, the top 6, bein sports, qatar and every single so called sports reporter who will be laughing there heads off A WORD OF WARNING, YOUVE JUST WOKE UP THE SLEEPING GIANT WERE COMING FOR ALL OF YOUS
to PIF, PCP AND THE REUBEN BROS ……………. ITS SIMPLE YOUS BOTTLED IT SO YOUS WONT BE GETTING ANY PRAISE FROM ME
NUFCadon
Jul 30, 2020 at 4:00 PM
Comment #40What an absolute shambles.
Premier League Have shafted us here. Why can Newcastle never get dealt the same cards as everyone else. Yes we might get another buyer but this was our one chance to challenge for trophies and a so called non bias league have scuppered it.
I hope there isn’t anybody even considering turning up at St. James when the doors open