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.
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.
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.