According to EuroSport’s journalist Manu Lonjon, an official statement concerning the takeover of Newcastle United could happen early next month.
“From a reliable source, we are expecting an official statement from them by early May.”
He earlier claimed that the Magpies are about to be sold, with the club looking for a new manager while interview for a Sports Director is ongoing.
Newcastle’s player recruitment team have been furloughed until further notice, and the move is regarded as proof that negotiations over a sale have moved forward.
Saudi Arabia’s Public Investment Fund, led by Crown Prince Mohammed bin Salman are expected to complete a £340 million takeover, with 80% of the stake going to them if the deal goes through.