Premier League Chief Gives Update About The Current State Of Newcastle Takeover Deal

Current State Newcastle Takeover Deal

Premier League chief executive Richard Masters insists Newcastle’s proposed £300million takeover does not have to be completed within a specific time frame.

While giving little away on the subject, Masters has revealed there is no rush for the deal to get over the line.

“I can’t get into it. The takeover of football clubs is done via the owners and directors test,” he told Sky Sports.

“That process is an entirely confidential process, so I can’t say anything about it. I can’t say anything to prejudices this discussions, so I’m afraid I can’t go into any details.

He added: “I don’t think timing is an issue here. I don’t think that we have any specific views about when these things need to be done by.

“What we need to ensure is that all the processes are followed properly and when the decision is made it’s the right one.”

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Saudi’s Public Investment Fund will take an 80 per cent stake of Newcastle if the deal goes ahead, with Amanda Stanley’s PCP Capital Partners and the Reuben Brothers taking 20 per cent.

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Efe Bridget

Written by Efe Bridget

Efe Bridget is a writer at GoalBall. She is a graduate of Mass Communication with 12 years of experience working with reputable publications.

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