According to Eurosport France journalist Manu Lonjon, there has been positive progress in recent hours concerning the takeover of Newcastle United, with the would-be owners still very much optimistic about getting the deal over the line.
Positive progress in recent hours. Optimism still clearly in force about the sale of Newcastle
The arrival of new funds would be seen as a breath of fresh air in this period of post-Coronavirus crisis pic.twitter.com/jW8tB2anU1
— Manu ⭐️⭐️ (@ManuLonjon) April 27, 2020
Amnesty International and beIN Sports have opposed Saudi Arabia’s Public Investment Fund’s plans to buy Newcastle, but it does appear that the £300 million takeover will succeed.
While there were fears that the Directors’ and Owners’ test could prove to be a stumbling block, Eurosport France’s latest update provides a huge boost, and here is how some of the Magpies fans have reacted to it on Twitter:
Ties in with the theory that the Reuben Brothers / Staveley were perhaps onboard the private jet that landed in Newcastle this morning from Biggin Hill airport via Norwich – unclear though – along with Ashley supposedly arriving back in the UK last night. #NUFCTakeover
— Jonathan Sumner (@_jonathansumner) April 27, 2020
Is this confirmation?
— DUBZZZY🖤🦍⬛️⬜️⬛️⬜️ (@Dewayne09013165) April 27, 2020
The only positive thing that can happen now is the PL have approved the checks. That’s it.
— Bobby Norris 💰⚫️⚪️💰 (@wonderbonzi) April 27, 2020
— Kate Stewart 🇬🇧🌹🇸🇦 (@KateStewart22) April 27, 2020
— Dean Dodds (@DeanDodds2) April 27, 2020
This week.. Cans!!
— Kelvin Kang (@chaser_kang) April 27, 2020
— 🗡 Shay 🗡 (@Saintbazza10) April 27, 2020
It's a matter of time
— عبدالله بن حامد (@Alghamdi_AHA) April 27, 2020
Newcastle are expected to be very active in the summer transfer window, with the wealth of the new owners set to ensure that the club doesn’t feel the financial impact of the coronavirus pandemic.
The PIF is among the largest sovereign wealth funds in the world with a total estimated assets of $320 billion, and the Magpies have been tipped to spend up to £150 million this summer.