Takeover ‘agreed’- Official announcement to follow if Premier League find no issues – The Telegraph

The Telegraph are reporting that our proposed Saudi takeover is even closer than initially believed, with a sale price having already been agreed.

They claim that the deal has been finalised for ‘around £340million’, and all we are waiting on now is for the Premier League to conduct their ‘fit and proper person’ test, with a formal announcement expected if there are no problems.

The fit and proper person test usually takes around two to four weeks to complete, but it is uncertain whether the current pandemic crisis would affect this at all.

Here’s a snippet from Luke Edwards’ piece:

“The Telegraph understands that a sale price has been agreed with Mike Ashley and the Premier League is carrying out its checks under its owners and directors test.

“If there are no problems a formal announcement is expected be made.”

Reporting that the deal has already been done is MASSIVE news in this saga, and should get fans even more excited about the potential of this deal actually happening.

Journalists, especially those at The Telegraph, are unlikely to be willing to risk their reputation if there wasn’t something absolutely concrete in their source.

Read the full piece from The Telegraph here, which gives further insight into the details of the deal put together.

Fingers crossed!

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

One thought on “Takeover ‘agreed’- Official announcement to follow if Premier League find no issues – The Telegraph

  1. Seem corona virus.has made Mike Ashley realise he has enough on his plate with retail problems.without having nufc problems.seems to have been backed into a corner.at last a
    sensible decision.

      (Quote)

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