A promising new report has emerged from The Independent in the last few moments, which claims there’s now ‘quiet confidence’ from the Saudi consortium that a compromise can be found that allows a potential £300m takeover to be resurrected.
This comes following the NUST’s meeting with Premier League chiefs this week, which saw Richard Masters state that the ‘door was still open’ for the Staveley-led buyers to do a deal.
A day after the minutes from that meeting were released, handing the baton over to the buying side to do their bit in response, The Independent’s Tony Evans writes that all THREE sides of the takeover bid (Saudi PIF, Amanda Staveley and the Reuben brothers) remain eager to revive the £300m deal and are ‘working behind the scenes’ to ‘find a formula’ that allows the takeover go ahead.
The report even states there’s now a ‘quiet confidence’ that a compromise can be found. Here’s a snippet from The Independent’s piece:
“The anger on Tyneside will not go away. Neither will the Amanda Staveley-led consortium.
“The appetite to purchase St James’ Park remains. The three parties continue to work behind the scenes to find a formula that will allow the takeover to proceed. There is quiet confidence that some sort of compromise can be found.
“The sticking point has been the role of the Saudi government in the future direction of the club.
“Staveley maintains that not only does PIF have complete autonomy from the regime but the wealth fund does not intend to take a hands-on approach to the day-to-day running of Newcastle.”
It’s promising to hear and a possible sign that the Saudi PIF may still have the appetite to get this deal done, however we have heard of this ‘confidence’ from Staveley and Co for a LONG time now – yet here we are four months later with the deal still huge doubt.
Talk is cheap and action is needed now, so it’s positive to read that all three sides of the consortium may be giving it one last push to see if a compromise can be achieved with the Premier League.
Let’s hope something can be worked out – for the good of our club, city and mental state heading into the new season!