Premier League Chief Gives Update About The Current State Of Newcastle Takeover Deal

Premier League chief executive Richard Masters insists Newcastle’s proposed £300million takeover does not have to be completed within a specific time frame.

While giving little away on the subject, Masters has revealed there is no rush for the deal to get over the line.

“I can’t get into it. The takeover of football clubs is done via the owners and directors test,” he told Sky Sports.

“That process is an entirely confidential process, so I can’t say anything about it. I can’t say anything to prejudices this discussion, so I’m afraid I can’t go into any details.

He added: “I don’t think the timing is an issue here. I don’t think that we have any specific views about when these things need to be done by.

NEWCASTLE: "I don't think timing is an issue here. I don't think we have any specific views about when these things need to be done by." PL chief Richard Masters still giving little away on proposed takeover. #SSN #NUFC pic.twitter.com/90hXaIGfEF

— Bryan Swanson (@skysports_bryan) May 29, 2020

“What we need to ensure is that all the processes are followed properly and when the decision is made it’s the right one.”

Saudi’s Public Investment Fund will take an 80 per cent stake of Newcastle if the deal goes ahead, with Amanda Stanley’s PCP Capital Partners and the Reuben Brothers taking 20 per cent.