By Michael Brown

5th Aug, 2020 | 6:45am

Exclusive: Pundit drops major Newcastle takeover claim amid Telegraph report

Michael Brown believes it will be “business as usual” at Newcastle United following the collapse of the proposed Saudi-based takeover last Thursday. 

The former Premier League midfielder, speaking exclusively to Football Insider assistant editor Russell Edge, insisted the Magpies will have contingency plans for all outcomes.

In a joint statement relayed to the media on Thursday evening, the Saudi Arabian PIF, PCP Capital Partners and the RB Sports and Media consortium confirmed they had withdrawn their bid for the Magpies.

But Brown believes the news will not harm Steve Bruce’s ability to operate in the transfer market.

“It happens, they’ll have had all sorts of contingency plans,” Brown told Football Insider.

“They’ll have prepared in case it didn’t go through in terms of player targets.

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“The targets will have already been there and also better ones if the budget increases, so I think regards to the football running of it it’ll be business as usual.

“Steve Bruce and his recruitment team will be right on trying to do everything they can to make Newcastle better.”

Despite this setback, a potential Newcastle takeover may not be dead in the water just yet.

The Telegraph have now reported that Mike Ashley is in negotiations with American tycoon Henry Mauriss and that while more work needs to be done on a potential deal, talks have been speeding up since the start of July.

Mike Ashley has been at the helm since 2007 at Newcastle, in what has been a turbulent stint on Tyneside.

The Magpies have suffered two relegations and a host of controversial episodes during his time at St James’ Park.

Last season, under the guidance of Steve Bruce, Newcastle comfortably retained their Premier League status, despite being widely tipped for the drop.

In other Newcastle United news, Football Insider pundit has been left raging after what Ashley reportedly did in takeover talks.