Date: 3rd December 2020 at 5:00pm
Written by:

Mark Douglas has been speaking on the latest edition of the Everything is Black and White podcast about all things relating to Newcastle United.

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Starting with an easy one, what number does Wilson wear for Newcastle?

One of the topics that he spent some time on was the proposed takeover of the Toon by PCP Capital Partners, PIF and the Reuben brothers that was withdrawn in July.

Since the deal was withdrawn, the consortium tried again behind closed doors only for that to fail, which triggered Mike Ashley to launch legal action against the Premier League that was made public in November.

Douglas confirmed that the consortium is still in the mix and keen on buying Newcastle.

He said: “The situation at the moment is that the consortium who are looking to buy Newcastle United [are] still in contact with the club, they are still in contact with each other.

“They’re still there because they still have that confidence that this deal is going to go through.

“Now confidence was the buzzword of the summer, so I think we all know that it doesn’t necessarily mean it’s going to happen.

“It does mean they are ready to go; they haven’t gone anywhere.”

Do you think this is good news?

Yes, they haven't given up yet

Yes, they haven't given up yet

No, it means nothing

No, it means nothing

TIF Thoughts on the consortium…

The deal for this group to buy Newcastle was first agreed in April, and here we are in December, and, according to Douglas, they still have not gone anywhere and are determined to buy the Toon.

This we feel is a good thing, as if they had thought the takeover had no chance, then they might have walked away.

So, assuming Douglas is correct, we hope for the sake of the Toon fans that the legal action is successful as the consortium intends to bid again in the event of a positive outcome.

Then, maybe, finally, this takeover will be completed.