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Mark Douglas provides latest update on Newcastle United takeover

Mark Douglas provides latest update on Newcastle United takeover

Oct 5, 2024 4:22 AM

It’s been over three months now since the ODT process began regarding the Newcastle United takeover.

Ashley has already agreed a £300m deal to sell Newcastle, and a part payment has already been made, which is non-refundable.

In recent weeks, the likes of Gabriele Marcotti and The Athletic journalist Matt Slater has explained why the issue of piracy is the major stumbling block for the Saudi owners behind the takeover.

The Premier League chief executive, Richard Masters, hinted two weeks back that the Magpies takeover could be concluded shortly. And although the potential new owners have answered all the questions asked by the Premier League and have co-operated with them at every stage, it seems, the Premier League are struggling to come to a decision.

While talking about the Newcastle United takeover situation in a Q/A session with the fans, the Chronicle journalist Mark Douglas has shared the latest information about the process.

While there is objection regarding human rights, piracy remains the big issue. It is the one single problem that could make or break the deal.

He wrote: “I think the Jamal Khassogi issue, the human rights sanctions – they’re not really part of what will make or break this deal. Piracy is the thing that matters and as of yet, there doesn’t seem to be a satisfactory conclusion on it. But it’s encouraging that they are continuing to talk/go back and forth as I think it implies there’s a mutual interest in the deal.

It’s more important than ever for

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