Simon Jordan has acknowledged that he got it wrong in predicting that Newcastle United’s takeover wouldn’t go through.
According to Sky Sports News, a Saudi-led consortium are on the brink of buying out Mike Ashley at St James’s Park.
Not only that, but it has been widely reported that official confirmation of the takeover at Newcastle will come today at some point.
Still, Magpies fans won’t hold their breath because the purchase of their club, to the same consortium, looked done and dusted last year but still fell through.
And Jordan has conceded he was wrong to predict that the Saudi group – who will own 80 percent of the North-East giants – would not be coming back to the table this week.
He told talkSPORT: “I look completely wrong and I am wrong because I didn’t envisage that the Saudis would still be there. I was very shocked. Before the show ended yesterday I got an email from someone of quite significance [to tell me] that this was coming down the line. And I told our producers, ‘Wait and see. Newcastle will be back on now’ and it is.”
Why is takeover happening now?
One of the big reasons it didn’t happen last year was due to the illegal streaming grievances that BeIN Sport had with the Saudi state.
But with that not providing an obstacle to purchasing Newcastle any longer after the issue was resolved, it allowed the consortium to pick up where they left off.
Ashley has been a fiercely unpopular figure among United fans since buying their club back in 2007.
And if and when there is official confirmation, Newcastle supporters will celebrate long into the night – and perhaps even the rest of the week.
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