Luke Edwards has been speaking on the latest edition of the True Faith’s NUFC Podcast and has been talking about the proposed takeover of Newcastle United.
The Daily Telegraph reporter spent a bit of time on the takeover among other topics related to the Toon, and he provided a worrying update from his recent piece with Jason Burt on the proposed takeover of Newcastle United.
While discussing Steve Bruce’s transfer plans and a planned meeting on Wednesday, Edwards dropped in a line about Amanda Staveley’s Saudi-backed takeover.
“If Mike Ashley is going to remain as owner, which we still don’t know if he is – I don’t know if you’ve seen the story that we’ve done tonight [Monday] where the Saudi bid is looking less and less likely that it’s going to go through – he’s [Bruce] got to go to that meeting on Wednesday and he’s got to try and do what no other manager has been able to do under Mike Ashley, which is get more money out of him.”
This line about the takeover from Edwards is pretty much what his piece with Burt states as well, but it just shows that after months of negotiations, the deal has now stalled as the Premier League are unhappy with the answers the consortium has given them.
Do you think the takeover is off now?
No, but something needs to change
Yes, that is the end of it
TIF Thoughts…
This takeover process was handed to the Premier League in April and now at the end of July, and just as the transfer window opens, it has emerged that the deal has stalled.
This could leave Newcastle in trouble because they only have a transfer budget of £35m plus player sales to use in this window if Ashley remains in charge.
It remains to be seen what happens with the takeover now, but for the moment, it looks like the Premier League won’t pass it.