Newcastle United fans are desperate for a swift resolution in the takeover process, but at the moment it seems the Premier League is taking their time.
Reports emerged that a second bid to buy Newcastle United has come from American Henry Mauriss who is willing to pay £350 million, £50 million more than the club’s valuation. However, the Saudi Arabian Public Investment Fund are front runners in the deal.
According to Jason Burt of The Telegraph, there has been a credible bid, contracts signed and a deposit has been paid by the would-be Newcastle United owners.