The purported takeover of Newcastle United by a Saudi-backed consortium could be just 10 days away from completion, according to a report from The Guardian.
The reported £300 million deal has been receiving plenty of press in recent weeks. From the potential big-name arrivals it may cause at St James’ Park or heavy criticism regarding the Saudi Arabian regime’s human rights record and involvement in the murder of journalist Jamal Khashoggi, it’s clearly become a potentially monumental period to be a Newcastle United fan.
But despite the criticism regarding the morality of the club’s new owners, The Guardian reports that the owners’ and directors’ test has been in progress for three weeks now. A timescale of a ‘week to ten days’ is in place for its completion at which point funds could transfer and Newcastle United would be under new ownership. Current owner Mike Ashley has, reportedly, already received a £17 million non-refundable deposit regarding the deal.
Whilst the deal is certainly opening up debates regarding the fit and proper person tests in place for Premier League ownership, it could be that Newcastle United are now just days away from one of the biggest days in the club’s history.
When considering how Chelsea, Manchester City, and Paris Saint-Germain have all been turned into European powerhouses by such investment, it is clear why Newcastle United fans will be pleased about where the club is going.
But, in all true honesty, most Newcastle fans are mostly just over the moon that the ever unpopular Ashley is on his way out, regardless of who might be replacing him and their financial clout.