New report reveals when £300m takeover could be confirmed after dramatic 24 hours

The Telegraph are reporting that our proposed £300million Saudi-backed takeover could be completed TODAY.

News broke yesterday that Saudi Arabia had lifted a nationwide ban on beIN Sports, with illegal streaming being a key stumbling block in the Premier League giving the deal the green light.

Arbitration between NUFC and the top flight was originally scheduled for January 3, but yesterday’s ruling in the Middle East has rendered those legal proceedings redundant as there is no need to prove a separation between PIF and the Saudi state.

With that hurdle out the way, all reputed sources – including those who were originally sceptical the takeover would pass – are now reporting that an announcement is imminent and our club will be granted its lottery ticket takeover.

A snippet from The Telegraph’s piece states ‘Premier League lawyers were frantically working to finalise the completion of the takeover on Wednesday night in the hope they would be able to make an official announcement on Thursday.’

Luke Edwards, originally a staunch critic who didn’t expect the deal to go through, also claims a statement could be made as early as today and, if not, then we will hear something “certainly” by the end of the week.

This is what he said while speaking to BBC Radio 5 Live:

4 thoughts on “New report reveals when £300m takeover could be confirmed after dramatic 24 hours

  1. Great news.
    Finally #AshleyOut … 😀

    Great news for my mental health … I’m not sure about you but my mood is affected in a very positive way if the team is riding high .. the opposite for most of the last 13 years aka “The Dark Ages”.

    So hopefully the region and Toon fans everywhere will have smiles on their dials for the next XXX years.

    Not that there was much chance but seeing Ashley hold a cup would have tarnished the memory.
    So there’s that too.

    Howay the lads.
    Amazing what the threat in court of a spotlight on the EPL did … now the January 2022 arbitration/ CAT case won’t happen.

    #MastersOut

    Never forget …

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  2. Where on earth did you get the idea that because the illegal streaming issue has been solved, there is no need to prove a separation between PIF and the Saudi state?

    The EPL have publicly stated that the stumbling block in the takeover was the separation .
    So what are they going to do now? Just turn round and say “naaaah, we were just kidding about that!”?

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  3. Tell us WHEN it’s Signed & Ashley, MD Charmless and Numpty Bruce are gone = Bruce must be clearing his empties from behind his desk as we speak = The only down side is these wasters will get a huge sum for failure!

    Then we have the press already giving us new manager’s – Millionaire’s taking over and they think Howe & Wilder are on a list (!!!???) Bit like buying a Ferrari and getting rid of the clapped out engine and replacing it with a 50cc motorbike engine = those two would ONLY be on MD Charmless list as he’s proved he’s NOT capable and god knows how the clown got the job – must be because Ashley has used him to strip the club and then sign off on huge loans and get numpty managers that are too pissed to ask what’s going on

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  4. Charlie says “………. there is no need to prove a separation between PIF and the Saudi state.”

    The Premier League says “…. PIF will be viewed as separate from the Saudi Arabian state.”

    Spot on there Charlie!

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