New takeover claims emerge as Saudi site reveals why ‘Monday announcement’ has moved to ‘next week’

Some intriguing new takeover claims have emerged this afternoon from Saudi-based site the House of Saud.

The outlet – who claim to have sources close to the Saudi Royal Family – report today that a £300m takeover was initially scheduled to be announced on Monday this week.

However, they state it was delayed ‘over a few small details’, stating that the buying side are now ‘confident’ they’ll be given the go ahead to formally announce their takeover on Tyneside “within, at most, the next week.”

Here’s a snippet from their piece on the prospective takeover:

The impending announcement of the PIF’s takeover of Newcastle United was delayed from the planned date of Monday over a few small details. The PIF, Newcastle United, and the Premier League each have a complex set of regulations and requirements.

This has led to due diligence being drawn out on the part of the Premier League, exacerbated by the current lockdown in both the UK and KSA, but we can report that terms including figures are agreed and the deposit has been completed.

Speculation regarding a potential one-off embargo against the PIF and Saudi Arabia being imposed by the Premier League is untrue, and we can report that the Saudi Finance Minister has received no indication of any such issues or obstacles with regard to the takeover of Newcastle United.

The new owners have a “dream list” of players, including some of Europe’s biggest names, which they see as crucial to bringing the club’s results and achievements to the highest level.

The Newcastle United board are confident they will be able to announce the deal formally within, at most, the next week.

Just how genuine this site is regarding links to the Saudi royal family is unclear, however these claims do, in the most part, fit in with what the reliable George Caulkin has reported this week.

As both state, it feels like the deal has only been delayed due to the unprecedented times we find ourselves in, not derailed via complaints piracy / human rights complaints.

We could do with the good news now, allowing us to enjoy the bank holiday weekend without refreshing Twitter every 5 minutes, however it’s becoming more and more clear that we don’t actually have a great deal to be worried about, with this being another report that’s suggesting it remains a matter of when, not if.

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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 “New takeover claims emerge as Saudi site reveals why ‘Monday announcement’ has moved to ‘next week’

  1. Lot of Hoo Hah about Saudi money buying NUFC. I don’t remember any bad mouthing about Saudi money buying London hotels & a lot of other property in the UK cities. !!!


  2. Or shef utd or half the horses in newmarket or in us selling them weapons,
    I’ve always thought that fans of other clubs supported us in wanting ashley out they just didn’t want us getting anyone better, make no bones about it those at the top table are dreading us coming into their club and throwing the table out the window #cans


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