Newcastle United takeover ‘approved’
The Sun report that it’s basically a done deal.
On the back page of the tabloid on Friday, Newcastle United fans are told that the takeover at St. James’ Park has been “approved”.
Reporter Neil Custis has written:
The Premier League will give the green light for Amanda Staveley’s Saudi-backed consortium to take charge of the St James’ Park club — when the transfer of funds are sorted.
— Neil Henderson (@hendopolis) May 21, 2020
Moreover, Forbes have also indicated that the takeover is done.
Forbes have confirmed that “the Premier League has approved an agreed deal between Sports Direct tycoon, Mike Ashley, and a consortium led by Saudi Arabia’s Public Investment Fund (PIF).”
— NUFC 360 (@NUFC360) May 21, 2020
When will the Saudi deal to buy Newcastle be officially complete?
As has been well-documented, the Saudi Arabian Public Investment Fund are poised to purchase the Toon from Mike Ashley for 300 million pounds.
Mike Ashley has been in charge of the Magpies for 13 years.
The Sun report that “once the funds and paperwork are sorted an announcement will be made on or around June 1.”
Saudis tipped to buy more European clubs
A few weeks ago, Man City’s owners, the Abu Dhabi United Group, who have a majority stake in City Football Group (CFG), confirmed that they’d extended their club ownership into Belgium after buying second division Lommel SK.
CFG’s global footprint is now enormous, as they’ve swelled their portfolio to nine clubs. The remaining eight are:
New York City
Yokohama F Marinos
Montevideo City Torque
According to Ahmed AlBreki, who is board member of Saudi football club Al-Nassr, once the takeover of Newcastle is completed, the Saudis plan to continue building their football portfolio.
It’s claimed that PIF plan to expand into Spain, Portugal, Switzerland, and/or Belgium.
This is an area Newcastle fans should monitor going forward.
Ahmed AlBreki, board member of Saudi football club Al-Nassr, says following the purchase of #nufc by PIF, “one or more clubs will follow in Spain, Portugal, Switzerland, and Belgium for the purpose of building a bridge between contracts and academies between them”. https://t.co/M8qHPBHgtd
— NUFC 360 (@NUFC360) May 21, 2020
Mauricio Pochettino rumours still circle
At the same time as the Newcastle takeover approaches it’s apparent conclusion, Mauricio Pochettino has once again been named as a target in the Toon dugout.
Italian reporter Nicolò Schira, who also believes that the takeover is virtually done, claims that Pochettino and Max Allegri are the prime managerial targets for PIF.
#PremierLeague‘ve given the green light for Saudi-led consortium (#BinSalman) to take charge of #Newcastle for €335M. Once the paperwork are completed an announcement‘ll be made on June 1st. The new president‘ll be #AlRumayyan. As a manager the dream is #Pochettino or #Allegri
— Nicolò Schira (@NicoSchira) May 22, 2020
This article was edited by Ben Green.
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