Just as it seemed all hope had been lost for Newcastle United’s takeover, the Shields Gazette have offered a very exciting update.
Sources close to the potential deal for Newcastle are now saying that there is growing optimism that PIF will come back and make a second attempt to buy the club, and that their bid will be a success.
The Saudi backers publicly announced that they were walking away from the deal, as the Premier League continued to delay giving the approval.
But Mike Ashley has worked hard behind the scenes to get the takeover bid back on track.
While the current Newcastle owner hasn’t been able to do that just yet, he has at least kept hope alive that the takeover could go through after-all.
Indeed, there is a growing feeling around St. James’ Park that if PIF do come back to buy the club then they may just be able to get the deal done on their second attempt.
The Premier League has faced a fierce backlash in recent weeks, with Newcastle fans signing petitions to try and get answers over why their potential takeover was not green-lighted.
And it seems that the deal could now take place, in what has to be considered an extremely exciting turn of events.
If Newcastle are to be bought out they will immediately become one of the richest clubs in the world.
Newcastle’s potential new owners are thought to have hugely ambitious plans for the club, if their takeover is to finally be given the go-ahead.