'Going to be a club transformed': BBC journalist comments on potential Newcastle United takeover - originally posted on Sportslens.com
Mike Ashley could finally sell Newcastle United as potential takeover talks intensify in recent weeks.
According to reports from The Chronicle, Ashley has left Newcastle United’s takeover deal in the hands of the Premier League.
It has been reported that Amanda Staveley and PCP Capital Partners have laid out the legal framework for the Sports Direct magnate to sell the club.
It looks like Staveley is determined to convince the Premier League that she is genuinely interested in taking the reins at St James’ Park.
BBC Sports reporter Andy Sixsmith has commented on the potential Newcastle United takeover on his personal Twitter account. He says that if the Saudi PIF takes over, then Newcastle United would become the richest club in the world.
He feels that the Magpies will be transformed completely if the takeover takes place.
The numbers behind #NUFC prospective new owners, the Saudi PIF, are absolutely staggering. Estimated to be worth over £250 billion, Newcastle would be the richest club in the world – never mind the Premier League. Astonishing levels of wealth.
— Andy Sixsmith (@SixsmithTV) April 15, 2020
Of course, there’s many different factors to take into consideration; FFP naturally the main one. But there’s little doubting, that should the takeover go ahead as expected, #NUFC are going to be a club transformed.
— Andy Sixsmith (@SixsmithTV) April 15, 2020
The Chronicle reports that Ashley is a willing seller.
The documents from Companies House has gone viral where it details a Vendor Loan Agreement between Ashley and Staveley has taken place through St James’ Holdings and PCP Capital Partners.
According to reports from the Daily Mail, all the necessary paperwork has been lodged with the competition, and everyone is waiting for approval from the Premier League.
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