Newcastle Saudi takeover still on after Supporters Trust’s Premier League talks

Newcastle fans have been told their lucrative Saudi-backed takeover could still go ahead after holding crunch talks with Premier League chief Richard Masters.

A consortium backed by Saudi Arabia’s sovereign wealth fund, Amanda Staveley’s PCP Capital Partners and Reuben Brothers were set to relieve Magpies supporters of Mike Ashley’s wretched ownership this summer.

However, last month the consortium pulled out of a £300million deal to take the St James’ Park reins, with reports suggesting they lost patience amid scrutiny from the Premier League owners’ and directors’ test.

Staveley, who would have held a 10 per cent stake in Newcastle had the deal gone through, said: “We are devastated for the fans. We really thank the fans – I personally thank them for all their support.”

Yet according to Sky Sports, the Newcastle United Supporters Trust have been given assurances by the Premier League that it is still possible for the takeover bid to be reignited.

NUST reportedly held a 30-minute discussion with Masters, where they were given the opportunity to ask a range of questions on their failed takeover bid.

They are said to have left the meeting feeling satisfied with Masters’ answers and now believe the ball is in the Saudi consortium’s court to revive talks..

It is believed NUST also felt more sympathetic to the Premier League’s position after the meeting, having been critical of their approach in the past.

A statement said: “From a Trust perspective it's now over to others to decide what happens from here. We all want the same thing. At the Trust we hope the people that matter can do whatever needs to be done to allow Newcastle United to progress to where it needs to be.”

NUST had written to the Premier League demanding answers over their proposed takeover and were told that the “door is still open” for talks to resume.

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The consortium will first need to provide additional information to the Premier League, which would be used to consider any potential disqualification of certain consortium members.

Prem officials claim the group withdrew their takeover bid after disagreeing with their assessment during the Owners and Director Test.

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