Newcastle United could have new owners within hours after Mike Ashley was given the green light to sell the club to a Saudi-based consortium. The current owner has been looking to offload the north east club since putting it on the market in 2017.
Ashley had been set to sell the club to a consortium made up of Public Investment Fund (PIF), PCP Capital Partners and the Reuben brothers last year.
But the deal stalled amid questions from the Premier League over who would have overall control of the club.
The Premier League demanded to know if PIF was owned by the Saudi state as all potential owners would need to pass a test which measures their suitability to control a club.
But the Premier League is now satisfied that PIF is separate to the Saudi state, despite Crown Prince Mohammed bin Salman being the chairman of the fund.
With the deal edging closer, there is excitement among fans of the Magpies, who believe the new owners will inject the cash needed to finally take the club forward.
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“Every manager has the same problems – as I said, it’s copy-paste-repeat every season.”
The Magpies have suffered an humiliating fall form grace since coming close to winning the premier League title under Kevin Keegan in the 1990s.
Keegan led the club to two second-placed finishes after they were pipped to the title by Manchester United on both occasions.
Newcastle have since spiralled down the table and were relegated to the Championship in 2009 and again in 2016.
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