Newcastle owner Mike Ashley ‘is continuing dialogue with the Saudi consortium that walked away from £300m takeover bid and is personally trying to resolve the situation’ amid Premier League silence
- Mike Ashley was put back to square one with his sale of Newcastle last month
- The Saudi-backed consortium plotting a £300m takeover pulled-out of their bid
- They blamed the ‘prolonged process’, while the Premier League refuse to reply
- Ashley is trying to revive the bid and is reportedly making the effort personally
Mike Ashley is not ready to let the Saudi-backed takeover of Newcastle collapse yet, and is reported to be ‘personally’ attempting to resuscitate the bid.
St James’ Park was rocked by news that their transformation into a super-club was cancelled, with the consortium including Saudi Arabia’s sovereign wealth fund and Amanda Staveley pulling out of their £300m takeover bid.
The group blamed the ‘prolonged process’ for their U-turn amid questions over whether the deal would be approved, focusing on human rights issues and a TV piracy scandal surrounding the Saudi Arabian network beoutQ.
Mike Ashley is reported to be trying to keep the Saudi-backed Newcastle takeover alive
The £300m bid backed by Amanda Staveley and the Saudi wealth fund was cancelled
Newcastle supporters, who have long wanted Ashley out, were devastated by the collapse
The unpopular Ashley wants out with his reputation among Magpies fans in the dirt, and according to Sky Sports he is keeping a dialogue with the Saudi consortium, committing ‘100 per cent’ to reviving the bid.
The Premier League refused to comment on the breakdown and have remained silent since, hurting Ashley’s pursuit after the English top-flight’s organisers were told their owners and directors test was ‘hopelessly unsuited’ by Amnesty International.
The deal was announced in April, prompting speculation about which superstars would land on Tyneside – with former Spurs boss Mauricio Pochettino linked alongside the likes of PSG’s Edinson Cavani.
Newcastle now look set to continue into next season with no sale in sight and Ashley remaining
Mauricio Pochettino was one of the big names linked to the Magpies amid transformation talk
However, barring a stunning reversal by Ashley, Newcastle look set to continue without a potential buyer in sight as they gear up for the 2020-21 Premier League season.
Steve Bruce guided the Magpies to 13th in 2019-20, exceeding expectations after the former Manchester United defender’s side were among many English top-flight fans’ favourites for relegation.