Newcastle United’s takeover saga has taken yet another twist, with James Pallotta now said to be moving into position to buy the club by the Northern Echo.
Newcastle have seen one potential takeover deal fall through, with their Saudi-based owners finally backing out after months of waiting for approval.
The news caused a huge amount of disappointment around St. James’ Park, but Pallotta may just be about to give Newcastle supporters hope again.
Many Newcastle fans are desperate for Mike Ashley’s time at the club to end, as they feel their side should have shown greater ambition during his time in charge.
Pallotta has experience in football after being at the helm of Roma, and he is now said to be closing in on selling the Italian side.
Pallotta would bring in considerably more money for Roma than Newcastle would cost, so his finances are not said to be in question at all.
The US businessman has stayed quiet when asked to comment on potentially arriving at Newcastle, but it is now thought that he could be edging closer to making a bid.
And the latest news may just bring some much needed positivity to Newcastle, who will be hoping that any new takeover bid does not take as long to be approved as their last one.