Newcastle United

Newcastle United: Fans react to latest update on failed takeover

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Image for Newcastle United: Fans react to latest update on failed takeover

Newcastle United fans on Twitter have been responding to the latest update surrounding the club’s failed Saudi-backed takeover. 

This comes after Newcastle news Twitter account @NUFC360 shared a post on their page relaying news originally published in an article from Chronicle Live.

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The article reveals that the Department for International Trade is withholding correspondence regarding the failed takeover bid of the Tyneside club.

The article also added that Chronicle Live has submitted four freedom of information requests about the takeover to Government departments and none have agreed to release any documents.

This post then gathered a lot of replies from Toon fans who were not shy in sharing their responses to this news.

So, what did these Newcastle fans make of this latest update on the latest takeover news?

Earlier this year in July, it was revealed that Saudi Arabia’s Public Investment Fund, PCP Capital Partners and the Reuben Brothers had withdrawn their interest in taking over Newcastle from current owner Mike Ashley after originally offering a bid of £300 million in April.

According to their statement, the group claimed that they withdrew their interest because ‘the prolonged process under the current circumstances coupled with global uncertainty has rendered the potential investment no longer commercially viable’ for them.

This recent article also included the grounds upon which the correspondence was not being released.

Some Newcastle fans responded to the tweet with their explanation of the current situation.

Are you disappointed by this news?

Yes

Yes

No

No

Looking at some of the replies to this post, it appears that these Newcastle fans are still none the wiser in getting a solid explanation as to why the Premier League didn’t reach an answer to give the takeover the green light.

In our view, if the Department for International Trade has solid grounds for withholding this correspondence, then there may not be much more that can be done about accessing them.

Moving forward, it still appears that there is some work to do before this situation is put to bed once and for all.

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