NUFC reporter shares takeover update – Saudi sources confident & approval coming soon?

According to the Shields Gazette’s Miles Starforth, fresh optimism has emerged from Saudi Arabia over a £300m takeover – with their sources in the Middle East claiming they are confident approval could arrive in the ‘coming days’.

Football has finally returned to the forefront over the past few weeks, with constant talk of a potential takeover taking a back seat for the first time in three months as we wait to hear a decision from the Premier League.

That said, it sounds increasingly likely that this tedious takeover saga will reach a conclusion very soon – and it could be by the end of the week if today’s reports at to be believed.

Here’s a snippet from his promising new piece for the Shields Gazette:

Has the Premier League now got the concessions and assurances it needs to approve the deal? Sources in Saudi Arabia believe it has, and there’s confidence in the kingdom that the deal will be approved in the coming days.

There’s still caution on Tyneside after weeks of apparent setbacks, but fans, it seems, won’t have to wait too much longer for a decision.

With the Government supporting foreign investment and wanting to protect their relationship with Saudi Arabia, it was suggested by Craig Hope earlier this week that they have more influence on this deal than the Premier League care to admit.

So, it seems they will make no attempt to block it – no matter how many MP’s send the odd letter of complaint to Richard Masters – and it also seemed significant that a crackdown on piracy emerged from Saudi Arabia soon after the WTO report was released.

It’s not up to the buyers, it’s up to the Premier League, but the fact the buying side and those in Saudi Arabia appear to have been confident all along that this deal will go through surely counts for something.

Let’s hope this is the last speculative takeover article I have to write and a deal really is approved in the coming days!

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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 “NUFC reporter shares takeover update – Saudi sources confident & approval coming soon?

  1. It seems the Saudis have been confident since day one and if journos have nothing to write about they just churn out an article saying that the buyers are confident.

    I seem to remember BZG being confident, talking about the “so-called Owners and Directors Test”.

    That was pretty much the last we heard from them.


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