The Bin Zayed Group are expecting to have made progress on a Newcastle United takeover by the end of June, according to journalist Chris Waugh.
The Magpies reporter revealed the news on a Chronicle Q & A on Sunday, claiming that the BZG themselves have cited the end of this month as the time when progress should be made.
However, Waugh states that other parties are also interested in purchasing the club and are still in talks with owner Mike Ashley’s lawyers.
Either way, in a few days we should have heard more.
This will be music to the Newcastle supporters’ ears. Since the initial rush of takeover talk it seems to have gone rather quiet from BZG’s end, while the club itself has never really commented on the speculation. However, the BZG have seemingly set themselves the deadline of the end of this month as the point by when they should have made some progress. Whether they actually will have done so remains to be seen, but we will presumably find that out in the next few days. The takeover speculation has, ultimately, taken a back seat to the consternation over manager Rafael Benitez’s future recently. The Spaniard, like the takeover, is out of contract at the end of June, and so the uncertainty on Tyneside is palpable at the moment. You hope that, for the Newcastle fans’ sake, at least one of Benitez staying or the takeover succeeding comes to fruition.