Newcastle United

Newcastle United: Fans react to latest takeover update from Steve Wraith

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Image for Newcastle United: Fans react to latest takeover update from Steve Wraith

Newcastle United fans on Twitter have been responding to the latest update surrounding the recent breakdown of the proposed Saudi takeover of the club. 

This comes after Newcastle journalist Steve Wraith shared a post on his official Twitter page claiming that the takeover could be “resurrected”.

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Wraith also added that current Newcastle owner Mike Ashley is “still a willing seller. PIF, PCP and co. are still willing buyers. The Premier League need to budge on their position whatever it is”.

The journalist ended his tweet with a message to his Newcastle-supporting followers to let the Premier League know that they want the takeover to go through.

This post from Wraith then gathered a lot of replies from Newcastle fans who were not shy in sharing their thoughts on the situation and their responses to Wraith’s message.

Here’s a sample of Newcastle fans responding to the post:

Back in April, it was reported that PCP Capital Partners’ proposed takeover of the Magpies was “nearing completion after the Saudi-backed consortium paid a deposit and exchanged contracts with club owner Mike Ashley” leaving the Premier League’s Owners’ and Directors’ Test the only hurdle left in the way for the takeover to be confirmed.

However, it was revealed earlier this week that Saudi Arabia’s Public Investment Fund, PCP Capital Partners and Reuben Brothers had withdrawn from the process to buy Newcastle claiming that the “prolonged process under the current circumstances coupled with global uncertainty has rendered the potential investment no longer commercially viable”.

Do you think the Saudi takeover can be resurrected?

Yes

Yes

No

No

Now that Wraith has shared this post on his Twitter page claiming that despite this recent withdrawal from the potential new owners, the takeover could still go through, this sparked a huge reaction from Newcastle fans who were quick to share their thoughts on the potential resurrection of the deal.

It appears that despite Wraith’s optimism, these Newcastle fans are not confident that this takeover can or will be resurrected anytime soon.

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