According to Daily Mail’s Craig Hope, nothing is expected until next week at earliest as far as the Newcastle United takeover is concerned, with the Premier League approval and the transfer of funds to owner Mike Ashley the only two hurdles left to be scaled.
Appears Sheff U development has nothing to do with NUFC. But re takeover, latest message is nothing expected until next week at earliest. Two hurdles left 1) PL approval 2) transfer funds. Those close to deal expect no issues with either but are placing no timeframe on completion https://t.co/i4cgLmBLwE
— Craig Hope (@CraigHope_DM) May 21, 2020
It has been six weeks since Saudi Arabia’s Public Investment Fund started intensifying their efforts to complete the £300 million takeover of the Magpies, with the Premier League’s Directors’ and Owners’ test taking longer than anticipated.
A £17 million nonrefundable deposit has already been made almost three weeks ago, and the would-be owners remain very confident that the move will go through.
