Sky Sports respond to claims Saudi Arabian group are ‘in talks’ over £340m takeover

According to the Wall Street Journal, Saudi Arabia’s sovereign-wealth fund are ‘in talks’ over a £340m takeover over of Newcastle United.

We’ve been here before, so I’m sure most Newcastle fans will take these claims with a huge pinch of salt – even if Sky Sports are reporting there is some truth in today’s claims.

Here’s what their man in the north east, Keith Downie, has had to say in response to the reports today:

We can confirm that there is some foundation to the story in the Wall Street Journal that the Saudi Royal Wealth Fund have been in talks to buy NUFC. However they’re not the only group at the table, and the presence of Amanda Staveley in the report is a concern, given the past.”

Newcastle United are making no comment at this stage, and let’s face it, we’ve been here before.”

Mike Ashley, who is currently out of the country, has also been irked by groups doing their business in the media before, and pulled the plug on Staveley for just that. But the £340m quoted by the WSJ is around Ashley’s asking price.

And before anyone says “perfect timing, it’s the transfer window!” please remember they’ve brought in two new signings with at least one more to come next week. The timing is a coincidence, and probably reflective of recent league points on the board.”

Another false dawn, or could this be the moment someone strikes gold given our league position makes us a far safer purchase for potential buyers?

About Olly Hawkins

Olly has been a Junior Magpie from birth. As a season ticket holder and avid Newcastle United fan - he eats, sleeps and breathes all things NUFC.

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