Prospective investors at Newcastle United have only submitted a heads of agreement document to the Premier League in a significant update over a potential takeover at St James’ Park, according to the Daily Mail.
The newspaper claim on their website that both Newcastle United and the Bin Zayed Group have signed a document informing England’s top flight that a price has been agreed between the two parties, but there is still work to be done before the formal process is triggered.
The Middle East based company have previously claimed that proof of funds have been tabled but the report states this is not the case yet.
Opinion
This is an absolute roller-coaster for Newcastle fans. One minute things seem to be accelerating forward, the next they come to a stuttering halt and even head into reverse. It seems there is plenty going on behind the scenes but that there are differing stories believed by both parties – leaving the fans and the rest of the world totally and utterly flummoxed as to what is going on. Of course, those behind closed doors will know exactly where things stand and perhaps the BZG’s claims should be taken seriously. The silence from the club does not mean what is being circulated is not true – just that they have got nothing to comment on it. The Newcastle faithful will be desperate to hear some good news sooner rather than later but this will no doubt have poured some cold water over their hopes. Things do not seem to be as far progressed as once thought – who knows, maybe tomorrow things will have changed as they often do in football.