Mark Douglas has been speaking on the Everything is Black and White podcast about how the proposed takeover could’ve happened last year, as well as his take on the current situation.
The prolonged potential takeover of Newcastle United, which started over 12 months ago when Mike Ashley accepted his first offer for someone to take the club off his hands, only for the consortium to pull out of the deal some months later, could now be coming to an end.
Have you been pleased with Newcastle's performances so far this season?
The Magpies may finally get their wish of having new owners, with an announcement of PCP Capital Partners becoming the new custodians of Newcastle reportedly close after a major hurdle being overcome with Saudi Arabia and beIN Sports coming to an agreement over a broadcasting dispute.
Douglas gave his thoughts on how the takeover could’ve happened last year and what’s made it a possibility now.
“I think the truth of the matter is, cold hard cash exchanging hands from the Saudis to beIN Sports has made the breakthrough here; talk of settling huge amounts of money that is currently in dispute over, talk of huge amounts of money going to beIN Sports – that obviously unlocking the idea that beIN Sports can be watched in Saudi Arabia giving business opportunities to beIN Sports as well and obviously, vice-versa for Saudi Arabia.
“If this had happened, I believe, a year ago or last summer, I think the takeover would have already happened now, we would have been under new ownership and Newcastle United would’ve been a very different club.”
TIF Thoughts on Newcastle’s proposed takeover…
It has been a whirlwind few days for the club, with the week starting on a negative note as Newcastle recently went seven league games without a victory, but now that all appears to be a distant memory as their fans could be set for a new dawn.
With a large section of Newcastle fans booing Steve Bruce at games this season and wanting him to leave the club, they may get their wish, as Liam Kennedy has claimed that the manager and Lee Charnley are set to depart if the takeover goes through.