New Twist Reported In £300m Newcastle United Takeover Saga

New Twist Reported In £300m Newcastle United Takeover Saga

Things are sure getting interesting in the Newcastle United takeover saga as a fresh twist is being reported.

The Saudi Arabian Public Investment Fund and co no doubt remain on course to purchase the club from Mike Ashley, with a £300million deal currently being evaluated by the Premier League before it is given the green light.

But now the Daily Mirror now are saying that there is a rival bid waiting in the wings if the current takeover fails to transpire.

Henry Mauriss, an American who made his money in the media business, and is said to be worth £350million, is the one leading the rival bid.

GoalBall understands Mauriss has been negotiating with Ashley since 2019 – but his bid has been placed on the back burner with the PIF offer very much the front-runner.

Here’s what a source close to Mauriss told the Mirror: “He’s a charitable and honourable man – and is desperate to become Newcastle’s new owner. It’s a genuine bid.

“He’s a successful player in the media world in America and has a big interest in English football.”

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Reports earlier this week suggested that the current offer on the table could be approved within sooner than later.

This article was most recently revised and updated 4 years ago

Greg is a Sports content writer. He has many years of experience in Sports Writing. He was a writer for Opera News and is Editor-in-Chief at GoalBall.