Newcastle fans and Mike Ashley were dealt a hammer blow when the long-awaited arbitration case was delayed until early 2022, which means that Ashley will remain owner of the club until at least next year.
Will Newcastle have new owners next season?
As it stands, the Magpies are still the only club in the Premier League to have not yet signed anyone, despite reported interest in signing both Axel Tuanzebe and Joe Willock, although they would both likely be loan deals.
Waugh gave his thoughts on Newcastle’s delayed takeover.
“The club is just languishing in this position whereby there aren’t signings arriving, they are renewing contracts they don’t really want to renew just so they don’t have to sign anyone.
“There is frustration internally at Newcastle, some of the players are growing frustrated and understandably so, how could they not?
“I just think that Mike Ashley has got away with a heck of a lot over the last few months or year even, if you want to say that in terms of just because he has been so keen for this takeover to happen and he has pushed for it, but equally, he’s allowed things to continue happening at the club that he remains custodian for, and that is just simply unacceptable.
“But this is a man who, throughout his more than 14 years as owner, hasn’t really cared a lot about what Newcastle fans think.”
TIF Thoughts on Newcastle’s potential takeover…
It’s evident that Newcastle need a takeover to happen, not necessarily the one from PCP Capital Partners, but just in order to have an owner who is interested in the club unlike Ashley, who has reportedly handed Steve Bruce a pitiful transfer budget of £10 million to try and keep the club away from the drop-zone.
The Magpies have finished in the top 10 of the Premier League just twice in the past eight seasons, which shows where the ambition of the club is at the minute, which is reaffirmed by the fact Bruce has only paid transfer fees for five first-team players over four transfer windows.