Home News report an official statement of newcastle united takeover could happen by early may

Report: An official statement of Newcastle United takeover could happen by early May



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According to EuroSport’s journalist Manu Lonjon, an official statement concerning the takeover of Newcastle United could happen early next month.

“From a reliable source, we are expecting an official statement from them by early May.”

He earlier claimed that the Magpies are about to be sold, with the club looking for a new manager while interview for a Sports Director is ongoing.

Newcastle’s player recruitment team have been furloughed until further notice, and the move is regarded as proof that negotiations over a sale have moved forward.

Saudi Arabia’s Public Investment Fund, led by Crown Prince Mohammed bin Salman are expected to complete a £340 million takeover, with 80% of the stake going to them if the deal goes through.

PCP Capital, owned by Amanda Staveley, is expected to own 10%, with the Reuben Brothers taking the remaining 10%.

While football is currently on hold due to the coronavirus pandemic, it doesn’t appear that has hindered negotiations, and Newcastle fans will hope Mike Ashley’s 13-year ownership of the club ends really soon.

Rafa Benitez has been linked with a return to Saint James’ Park if a takeover goes through, and the fans and players will be more than glad to have the Spanish manager back.