It’s been a week since the Bin Zayed group confirmed that they were closing in on a deal to buy Newcastle United but have remained tight lipped ever since.
Nevertheless, this new picture of a pile of Sports Direct signboards abandoned in a skip outside St. James’ Park suggests a different story.
Changes at St. James’ Park
With Sports Direct being a Mike Ashley company, the signboards were plastered all over the stadium and it’s sudden removal amid takeover talks has caught the attention of fans and the media.
While this picture has given hope to most of the fans; others believe that it’s just a routine clean-up at St. James’ Park.
However, the news of Sheikh Khaled becoming the director of a new company indicates that the Emiratis are set to buy the Magpies.
Formation of a new company
A new company has been set up by the Bin Zayed group called Monochrome Acquisition Ltd. The name totally gives it away as it refers to the color of Newcastle United (The Sun).
The new company was registered a day after Eid with Companies House and is rumoured to be used as a purchase vehicle to buy the club. Interestingly, the company’s registered address is that of Pinsent Masons, the same law company used when the club was bought 12 years ago by current owner Mike Ashley.
Meanwhile, Mike Ashley has also applied to de-register four dormant companies with Newcastle.
All these news indicate that the takeover of Newcastle United is bound to happen unless Mike Ashley changes his mind.
The uncertainty of ownership at the club has given birth to more concerns like the contract extension of manager Rafa Benitez and the signing of players shortlisted by the club.