Journalist reveals who’s set to replace Lee Charnley if Saudi group complete £340m takeover

It’s fair to say Jason Burt, Chief football correspondent from The Telegraph, has been penning far more positive takeover related articles than his colleague Luke Edwards in the last few days.

The whole ridiculousness of the press scramble for information and exclusives has been perfectly summed up by two colleagues from the same outlet contradicting each other.

Late last night, Burt claimed that prominent business man Yasir Al-Rumayyan will replace Lee Charnley as chairman should Ashley sell the club to the Saudi suitors.

Here’s a snippet from his latest piece for the Telegraph:

Businessman Yasir Al-Rumayyan is expected to become the chairman of Newcastle United if the Saudi Arabian-backed consortium takes control of the Premier League club.

‘Al-Rumayyan runs the Saudi sovereign wealth fund, the Public Investment Fund (PIF), which wants to take an 80 per cent stake in Newcastle as part of a £340 million offer to buy out owner Mike Ashley. The 49-year-old is also chairman of Saudi Aramco, the oil company and, according to sources, has been heavily involved in the talks.

Al-Rumayyan would represent Prince Mohammed bin Salman who has overall control of PIF which has assets of around £300 billion and is regarded as the world’s biggest sovereign wealth fund.

Al-Rumayyan certainly has an impressive CV, he basically manages the PIF, or Personal Interest Fund (in case you’ve been living under a rock since Saturday) which is of course the business account for Mohammed bin Salaman’s ventures.

Wether or not this is the press putting two and two together is another thing. Other reports have listed Jamie Reuben, currently on QPR’s board, and Amanda Staveley herself as being potentially in charge of the day to day operations of the club.

One can only assume Lee Charnley will finally find his level as vice deputy sub assistant of footwear in the Metro Centre Sports Direct.

(Fancy writing for us? Get in touch at NUFCblogsubmissions@gmail.com & we’ll get back to you!)

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