From being one of the top clubs in the country to now being relegated two times and fighting the perennial relegation battle season after season, Mike Ashley’s reign has taken its toll on the Toon army.
They have often expressed their disgust about the running of the club under Mike Ashley.
And now, it looks like the stars have finally aligned for them and their wish has been granted.
Saudi interest in Newcastle United
It has been reported that Amanda Staveley and her husband, Mehrdad Ghodoussi, joined by Jamie Reuben and Yasir Al-Rumayyan, the governor of Saudi Arabia‚Äôs Public Investment Fund (PIF) have reportedly agreed a deal with Mike Ashley to buy the club.
Latest developments indicate that the takeover bid for the club has reached the Premier League’s Owners and Directors’ Test stage.
This stage effectively represents regulatory approval. The deal is now in the hands of the Premier League and reports on Sunday morning suggested a deal could be completed ‘within 10 days’.
Sold sign outside St James’ Park
The surprising turn of events has led to an absolutely comic moment as a ‘sold’ sign was spotted outside St James’ Park today.