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Written by

Alla Zakarian

01-10-2020 | 14:37 Football
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Newcastle United handed positive takeover update as PIF interest discussed


Newcastle United are preparing for an impressive season with a number of strong summer additions. With deals for Callum Wilson, Ryan Fraser, Jamal Lewis and Jeff Hendrick all adding real quality to Steve Bruce's squad. However, for months supporters had hopes of seeing their club become the richest in the Premier League with a £300million takeover on the cards. One man who has been covering the takeover week in, week out is Chronicle Live editor Mark Douglas who has claimed that PIF still hold hopes of striking a deal to take over the Magpies. Writing for Chronicle Live, Douglas said: "My understanding is that there are manoeuvres in the background but the battle has moved on to the legal challenge from Mike Ashley towards the Premier League. "That is being done with the intention - long-term - of forcing the issue and allowing this takeover to go through. An interesting footnote: PIF have been approached by plenty of clubs of late. But they'd prefer to wait it out for Newcastle." He added: "I really don't know the sort of timescale we're looking at. Nick De Marco stayed tight-lipped when contacted by the Chronicle other than to confirm he was still working for Mike Ashley. I don't think it's a short-term thing - the January window will probably fall to Ashley, Charnley and Bruce."
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