Home News report newcastle united takeover has been given the greenlight with official announcement imminent

Report: Newcastle United takeover has been given the green light with official announcement imminent

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Newcastle United v Southampton - Premier League

According to Sunday Mirror’s John Richardson, Saudi Arabia’s Public Investment Fund’s £300 million takeover of Newcastle United has been given the greenlight by the Premier League, with an official announcement imminent.

Former Magpies star Olivier Bernard had claimed that the takeover was due to be made official yesterday, and while it didn’t happen, it appears something official is edging closer.

The Premier League have taken forever in conducting their Directors and Owners test on the Newcastle prospective new owners, with concerns over piracy issues related to Saudi’s BeOutQ threatening to derail the process.

The Kingdom’s human rights record were also cited by Amnesty International as a reason why PIF shouldn’t be allowed to buy Newcastle, but the would-be owners have remained confident that the takeover will go through.

They are already sounding out appointments for key football roles, with the likes of Luis Campos, Domenico Teti and Owen Brown on their radar for the Director of Football position.

It remains to be seen if an announcement will be made this week, but it seems one should be expected before the end of the month, and Newcastle fans will definitely be eagerly looking forward to it like they have done for the past six weeks.

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