Saudi’s still set on NUFC – despite claims they’ll turn takeover attention to West Ham – Report

According to an ‘exclusive’ from the Shields Gazette, Amanda Staveley’s Saudi-based consortium are fully focused on a takeover at Newcastle United – despite yesterday’s claims they’ll turn their attention to West Ham.

Football Insider claimed on Thursday that the Saudi’s had failed to reach a deal with Mike Ashley and could move on to the Hammers as a result, however that report has been refuted by reports in the North-East.

A takeover on Tyneside doesn’t seem as close to completion as some claimed a fortnight ago, but the Shields Gazette insist that Amanda Staveley’s consortium – which is backed by the Saudi Arabian crown sovereign wealth fund and the Reuben brothers – ‘remain focused’ on striking a deal with Mike Ashley.

Liam Kennedy’s ‘exclusive’ also claims that talks between the two parties have been taking place for ‘at least’ four months – even suggesting that they may begun BEFORE the end of the 2018/19 season.

The Gazette also claim to have had it confirmed that the Reuben brothers – who own areas of prime real estate in Newcastle city centre – are part of an ‘active’ takeover bid on Tyneside.

That said, it’s reported elsewhere that Mike Ashley is yet to receive a firm bid – despite extensive talks with the group.

Lots of talk and lots of waiting around with everything crossed, but no visible breakthrough as of yet, leaving us wondering if this is yet another dragged out false dawn that will end in disappointment.

Despite anything positive or promising that we may read in the press, it’s probably best to believe this deal is off until it’s official ‘on’.

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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.

2 thoughts on “Saudi’s still set on NUFC – despite claims they’ll turn takeover attention to West Ham – Report

  1. Do you not think that the PFI ate waiting to see if nufc can avoid relegation as this is possible when we require at least am other 5 point to be safe


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