Newcastle United's Saudi takeover finally set for green light from Premier League

Newcastle United's proposed takeover deal is set to be given the green light and is now understood to be in the hands of the Premier League.

The Saudi-backed consortium's 300m takeover of the Premier League side has been rumbling on for weeks but now appears to be closing in on completion.

The Premier League will reportedly give the green light for the Amanda Staveley and take control once the transfer of funds to current owner Mike Ashley is completed.

Newcastle have refused to comment on all enquiries throughout the process, but it's understood that the group looking to broker a buy out of the Magpies remain confident that the test will pass.

Buoyant fans are now awaiting an official announcement confirming that Staveley, the Reuben brothers and the Saudi Public Investment Fund are the 127-year-old club's new owners.

There had been a delay while authorities work on Project Restart as they try to get the game up and running amid the COVID-19 crisis.

Newcastle takeover A cheeky Newcastle fan put up a 'sold' sign at St James' Park as a 300m takeover edges nearer.

But according to The Sun, the Premier Leagues owners and directors test found no barrier to the takeover and it now seems certain to go ahead.

Then once the funds and paperwork are sorted an announcement will be made on or around June 1.

Boss Steve Bruce said yesterday he was 'in the dark' over the takeover but feels he can emulate Kevin Keegan and Sir Bobby Robson by turning Newcastle into a Champions League outfit again.

Mauricio Pochettino and Rafa Benitez are both mooted as replacements but Bruce said: If its good for Newcastle and the club are going to try to compete with these teams to be part of it would be great.

Id back myself, of course I would.

Ossie Ardiles claims Newcastle have made a 'good offer' to Pochettino, and that the former Tottenham boss would be keen on the position.

Mauricio is fine in England," the Spurs legend told the Mirror. He is linked with Newcastle United and when he spoke directly to that club there were many first-rate people involved who made him a good offer.

Mauricio had a (contractual) relationship with Tottenham, but last Tuesday his situation was unlocked and he is free to coach.

In this way, he will hear offers again, but Newcastle is a firm possibility to work again.

He will take his time to think and wait a little for all this to happen.