The Magpies have been linked with new ownership in the form of the Saudi Arabia Public Investment Fund (PIF), which is led by Crown Prince Mohammed bin Salman.
The proposed deal could make Newcastle one of, if not the, richest clubs in the world and would see an end to the turbulent ownership of Mike Ashley.
Newcastle fans protesting against Mike Ashley in the club’s fixture with Manchester City
The 55-year-old has been at the helm since 2007, yet has become a symbol of hate among the St. James’ Park faithful for his perceived lack of investment.
As for the current takeover bid, there have been reports that the deal is being held up by the Premier League taking issue with supposed Saudi dealings in piracy, that have come at a huge cost to broadcasters.
Yet, despite this, the Newcastle United Supporters’ Trust (NUST) have revealed that the deal
“is still not completed but ongoing” (via The Mag) despite obvious issues still needing to be discussed.
? MEMBERS ?
— NUFC Supporters Trust (NUST) (@nufctrust) June 12, 2020
NUST’s message to the fans also revealed that the Premier League assured them that
“their ownership test is stricter than many are led to believe” amid claims that it was not stringent enough.
The club currently sit 13th in the league table, yet Steve Bruce’s men have often been criticised this season for their style of play and the quality of their performances.
Question marks have been raised over Steve Bruce’s future at the club
While the prospect of relegation is not one which should trouble Bruce and co., the side will have to put in a solid run of results as the season resumes, in order to raise the positivity among Magpies’ supporters.
The club – and Mike Ashley – have come under fire from their fans for not issuing refunds for this season’s now worthless match tickets, the only club in the league to have failed to do so.