Liam Kennedy has been speaking on the latest edition of NUFC Matters about all things Newcastle United.
One of the main topics that he talked about was the proposed takeover of the Toon by PCP Capital Partners, PIF and the Reuben brothers.
The Shields Gazette reporter spoke about the possibility of the deal being restructured after it was suggested that Saudi Arabia are now considering bidding again without the assistance of PIF.
However, according to Kennedy, this is not something that they are looking at.
He said: “[There has been] a lot of talk of restructuring of deals and things like that.
“At this stage, it’s my understanding that restructuring of deals isn’t really something that’s being considered.
“I know it’s been floated to the buyers; it’s been talked about.
“I have had names thrown at me since August of individuals and companies who may well take this on as a Man City-style purchase.”
Do you think the deal will go through as it is?
No, something will have to change
Yes, this will happen as it is
TIF Thoughts on Saudi Arabia potentially being open to restructuring the deal…
The deal that was agreed in April with Mike Ashley for this consortium to buy the Toon would have seen PIF take an 80% stake, and then PCP and the Reuben brothers would split the rest equally.
According to the Premier League, this deal failed because it was believed that PIF and the Saudi state were not separate entities, and the consortium refused arbitration to settle this issue.
So it may be that if PIF had gone down the route of backing an individual instead, perhaps the takeover could have a better chance of passing.
Certainly, that is what we think; however, if Kennedy is to be believed, this is not something they are interested in.
So, we guess that the takeover will be decided by the ongoing legal battle, but if that fails, then maybe the group would consider restructuring their bid.