Mike Ashley ‘remains in dialogue’ with the Saudi Arabia Public Investment Fund over takeover/Immobile confirms Newcastle approach

Ashley still speaking to SAPIF

Speculation surrounding a potential Saudi Arabia Public Investment Fund takeover of Newcastle United began to ramp up in mid-April.

It was then reported shortly after that a £300m deal was done, with only Premier League approval missing.

However, the weeks and months that followed saw very little progress made, with a number of issues, such as the Saudis’ links to piracy broadcasting company BeoutQ, brought to light.

As a result, at the end of July, the SAPIF and its partners announced that they had come to the decision to pull out of the Newcastle takeover.

But whilst most no doubt assumed that this would bring a definitive end to the speculation surrounding the SAPIF’s takeover of Newcastle, Mike Ashley is apparently yet to give up hope of a deal being completed.

As per Sky Sports News, Ashley remains in dialogue with the SAPIF and its partners over a potential sale .

It is added that the Newcastle owner is 100 per cent committed to getting the takeover back on track.

NEWCASTLE UPON TYNE, ENGLAND – MAY 07: Mike Ashley, owner of Newcastle United and Lee Charnley, managing director of Newcastle United both look on from the stands during the Sky Bet Championship match between Newcastle United and Barnsley at St James’ Park on May 7, 2017 in Newcastle upon Tyne, England. (Photo by Stu Forster/Getty Images)

Newcastle were interested in Immobile

Should the planned takeover of Newcastle yet go through, it seems that their potential new owners have fairly high targets when it comes to recruitment.

The likes of Mauricio Pochettino and Edinson Cavani had been tipped to make the move to Newcastle during the height of the takeover talk.

And whilst it is impossible to know if interest in such targets was in fact concrete, it appears that one man who was certainly on the Magpies’ shortlist was Ciro Immobile.

The Italian, who scored a staggering 36 goals in Serie A in 2019/20, recently claimed that during the period in which the takeover of Newcastle remained on track, his agent was contacted:

“During the period in which there was talk of the possible purchase of Newcastle by the Sheikh’s fund they called my agent, Alessandro Moggi.”

Immobile went on to claim that Newcastle were also looking for an Italian coach, with former Juventus boss Massimiliano Allegri among those named:

“Then the Premier League did not approve that proposal, or the fund withdrew, I don’t remember well. I know they were also looking for an Italian coach, [Massimiliano] Allegri or [Luciano] Spalletti.”

Quotes via Goal.

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This article was edited by Conor Laird.

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