The Bin Zayed Group, who were reported to have agreed a takeover deal with Newcastle owner Mike Ashley back in May, have issued an update on said takeover via Dubai-based sports presenter Peter Redding after over a month of silence.
Newcastle are currently in crisis following the departure of Rafael Benítez and the loss of last season's top scorer Ayoze Pérez to Leicester City last week. There is no indication of who Benítez's replacement may be and the Magpies have yet to sign a single player this summer.
As Ashley's reign of terror worsens, Newcastle fans will be hopeful that the takeover goes through sooner rather than later and that this season will not be another write-off.