Newcastle United’s potential Saudi backers would be interested in re-igniting their bid for the club, but only if the Premier League provides them written assurances, according to the Telegraph.
PIF waited for months to see whether their bid for Newcastle would be approved, but eventually ran out of patience, after weeks and weeks of speculation.
The Premier League delayed the process for some time, and there was a real lack of clarity over the takeover bid.
Newcastle fans now have faced the disappointment of seeing their potential new owners walk away.
However, Mike Ashley is desperate to get the deal to go ahead again, and he is working hard to get the sale to go through.
PIF are apparently reticent to get embroiled in another lengthy takeover process, though.
And they will only return if the Premier League communicates to them that they will be green-lighted.
Newcastle missing out on new investment has badly affected their transfer plans for the summer, with Steve Bruce now set to have to work on a fairly limited budget.
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