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adzii_nufc · 01-04-2020, 10:05

It's as close as its ever going to be. At no point has paperwork been submitted to the League in any other takeover attempt. Sources say Ashley is finally a willing seller and both Newcastle and PIF (Saudi) have submitted the takeover to the Premier League.

Fit and proper persons test has to be completed.
The deal has to be drawn up and signed.

How does Saudi Arabia pass a fit and proper persons test?

Money or Staveley goes through it in place. The structure of the bid is 10% Staveley, 10% Reubens and 80% Saudi Arabia.

This will be the first time Saudi Arabia have purchased a sports venture though their public means rather than Shell and investment vehicles.

This would also make Newcastle the richest club in world football by some distance.

On top of this, it's thought Red Bull are scouting out a Premier League team and are waiting for a potential deal collapse and/or are looking at West Ham United.

01-04-2020, 10:05	#717
adzii_nufc Rafalution Join Date: Sep 2009 Age: 33 Posts: 5,338	Re: Season 2019/2020 Football It's as close as its ever going to be. At no point has paperwork been submitted to the League in any other takeover attempt. Sources say Ashley is finally a willing seller and both Newcastle and PIF (Saudi) have submitted the takeover to the Premier League. Fit and proper persons test has to be completed. The deal has to be drawn up and signed. How does Saudi Arabia pass a fit and proper persons test? Money or Staveley goes through it in place. The structure of the bid is 10% Staveley, 10% Reubens and 80% Saudi Arabia. This will be the first time Saudi Arabia have purchased a sports venture though their public means rather than Shell and investment vehicles. This would also make Newcastle the richest club in world football by some distance. On top of this, it's thought Red Bull are scouting out a Premier League team and are waiting for a potential deal collapse and/or are looking at West Ham United. __________________ All posts are the opinion of myself and don't reflect those of BT or Openreach.