Supporters of Newcastle United have been reacting to a report which has emerged regarding the failed takeover bid to buy the club.
According to a report by the Shields Gazette, the Saudi Arabian-backed deal to purchase the club may still have hope despite last week’s announcement stating the contrary.
That announcement revealed that the consortium which included Saudi Arabia’s sovereign wealth fund PIF, PCP Capital Partners and Reuben Brothers had ended its £300m bid to take over the club (per BBC).
Supposedly, ‘all three parties’ are still ‘very much at the table’ and there is still hope that they can get a ‘yes’ from the Premier League to take over the Toon.
This report was relayed to supporters on social media by NUFC 360 and it had lots of them talking.
It’s understood that despite last week’s statement, all three parties remain at the table and hope the Premier League will approve the deal.
However, if they get a no, they would look to appeal that decision. #nufc https://t.co/dkx5ziQrP8
— NUFC360 (@NUFC360) August 7, 2020
Excellent work again @LiamJKennedy23
— Andrew (@1892af1892) August 7, 2020
W A I T
W H A T https://t.co/5E7L5UUFOl— Tom (@CdtvLil) August 7, 2020
It’s so clear what they’re doing and it’s so smart
— Jack Bryan (@jackbryan18_) August 7, 2020
As also stated by the Shields Gazette, if the Premier League comes back to the consortium with a ‘no’ to their takeover bid, the potential buyers can ‘trigger a challenge, first via the league’s formal appeal process.’
Do you believe that there is still a chance for the takeover of the Toon?
No, we need to move on
Yes, it could still happen
Sounds as tho the premier are up against it. Either accept it or they should “lose” the appeal. Keep the pressure up and something will give, and it won’t be us ??
— DAVEY WENDT (@DANGERUS_DAVEY) August 7, 2020
So Is it still on? https://t.co/NjpEAySN2V
— Jack De Berry (@JDeBerry97) August 7, 2020
So, is it on or off!? I’m exhausted
— James Woolford (@UndisputedRev) August 7, 2020
It is also stated in the report that the Public Investment Fund of Saudi Arabia has ’employed an outside body’ to monitor social media channels.
Supposedly, posts containing ‘#NUFC’ and ‘#NUFCTakeover’ on Twitter are ‘particularly prominent’ in their analysis.
so they havent pulled out, the deal is actually still going through and they are prepared to appeal a rejection. The statement must have been a play because if we hadnt heard about it then we would be none the wiser as the deal is still going on – maybe why pl havent responded.
— Alex W (@alexwilliamMag) August 7, 2020
In that case they need to release a joint statement saying exactly that, and put further pressure on the PL to make the decision. @ghodoussi @jamiereuben @PIF_en all need to clarify their position urgently, to go alongside the MP letters.
— Darren (@DAZM6988) August 7, 2020
As can be seen in these responses from Newcastle supporters, some are unsure as to what the report means for the takeover and others are hopeful that it will still go ahead.