The Chronicle reporter claims that the holding company set up by PIF last year to help them buy the Toon, NCUK Investment Limited, has been confirmed as an active company via Companies House after filing a new confirmation statement.
It means that the company cannot be removed from the register and, in theory, allows PIF to return to the table with regards to the takeover amid the current arbitration process being undertaken by Newcastle.
Although Douglas doesn’t think the move is that significant – labelling it a ‘box-ticking exercise‘ – it has got these Newcastle fans talking.
“Keeps it ticking so it’s positive…..”
Do you think this means anything?
No, it means nothing
Yes, it is a positive sign
The proposed takeover by PCP Capital Partners, PIF and the Reuben brothers was withdrawn in July.
This post continued to draw in many Newcastle fans who had their say.
“It will happen soon just a waiting game”
“What does this mean ?”
“Got to be done every year means nothing. It’s all in the hands of the lawyers and arbitration panel”
Last week, the club confirmed that the court had rejected two of their requests over the arbitration case, but that they were still committed to trying to get the takeover through.
This latest update doesn’t appear to be anything too exciting, but it suggests that the interest is at least still there.