Newcastle United may be in for a takeover even if the Saudi-led takeover fails the Premier League’s Owners and Directors Test.
Mike Ashley’s sale of the Northeast outfit to a group controlled by the Saudi Investment Fund and spearheaded by Amanda Staveley has been under review for over two months despite being expected to take 4-5 weeks.
The takeover sparked much debate over whether the Magpies could be transformed like Chelsea and Man City this century, and had the club linked with many transfers and even former Spurs boss Mauricio Pochettino.
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Well the Telegraph’s Luke Edwards says that if the test is failed, the club will have another buyer once it hits the market.
The buyer is American businessman Henry Mauriss, though the report admits that Staveley and her partners remain confident the takeover will happen.
The buying side remain confident their bid will eventually be passed, but Mauriss is understood to be ready to move and has a team in place to get the deal done. Telegraph Sport has been told this is a serious and credible project.
Mauriss has looked closely at the football operation and already has an idea of how to grow the club, on and off the pitch, and is full of admiration for the way his fellow Americans, Fenway Sports, have transformed Liverpool’s fortunes.
Mauriss would become at least the second American to look into Newcastle United, with investor Joseph DaGrosa getting deep into the process late last year.
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