Liam Kennedy has been speaking on the latest edition of #NUFC Matters about all things relating to Newcastle United.
One of the topics that he spent some time on was the club’s proposed takeover by PCP Capital Partners, PIF, and the Reuben brothers.
The deal was initially withdrawn in the summer of 2020, but the club made a legal challenge, and if it is successful, the consortium will bid again.
There had been suggestions that relegation would not impact the deal, but after the Toon moved six points clear of the relegation zone, maybe they won’t have that to worry about anyway, though Kennedy thinks avoiding relegation is still important for the takeover.
He said: (6:48) “Newcastle United have to remain in the Premier League for this to be a real viable option and no awkward conversations have to take place between buyer and seller, should it eventually get [the] green light?
“There is some positivity out there with regards [to] that and rightfully so, and I think it’s really heartening to see the personal side from PCP, with Mehrdad Ghodoussi talking about things and tweeting about results and just playing it out like fans like us.
“I think that’s a really positive thing. And we know from conversations that we have from sources you speak to that these things are still ongoing and they still have everybody at the table and still want to buy the football club.”
Do you think this is good news?
Yes, seems like things are happening
No, it means nothing
TIF Thoughts on the takeover…
Exactly a year ago today, Mike Ashley agreed to sell the Toon to the PIF-backed consortium, and here we are no further forward.
The consortium still don’t know if they will be allowed to take over the club, which seems ridiculous to us.
This latest update suggests that things are happening, which can only be a good thing, but surely after a year, this whole thing must be edging closer to a conclusion because it has gone on long enough now, in our opinion.
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