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Mike Ashley was READY to confirm Newcastle United’s sale of £ 300m to Saudi buyers last week before they insisted on a delay because local custom is to wait for complete completion before a deal is announced.
- Mike Ashley is in the process of selling Newcastle to buyers from Saudi Arabia
- The businessman was ready to announce the deal last week until a delay.
- Saudi custom is to wait for complete completion, hence the lack of announcement
- Otherwise, there could have been a statement since the deal is with the Premier League.
Mike Ashley was hours away from confirming Newcastle United’s £ 300 million sale last week only to Saudi owners who were waiting to insist on a delay, sources told Sportsmail.
Those close to the deal, being negotiated by Amanda Staveley, say the Saudi business custom is to wait until complete completion before making a formal announcement.
That would explain why there has been no statement from the club explaining that an agreement has been reached and that the proposed acquisition is now in the hands of the Premier League.
Mike Ashley was hours away from confirming Newcastle’s £ 300 million sale before a delay
The absence of such continues to make some supporters cautious, but experts insist Ashley is fully committed to selling the club and doesn’t expect any last-minute complications, pending League approval.
They say Ashley was ready to break her silence and tell fans that her 13-year-old reign ended last week.
However, public statements are now likely to only be made when the Premier League gives the go-ahead the green light, and it looks like it will be within the next three weeks at most.
Saudi custom will only be announced once a deal is completed: Amanda Staveley is in charge of the deal
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