Exclusive: Mike Ashley claim by pundit after massive Newcastle takeover update

Michael Brown insists that Newcastle United owner Mike Ashley will be feeling confident of securing a takeover deal despite delays to the process.

The former Premier League midfielder, speaking exclusively to Football Insider assistant editor Russell Edge, believes the British businessman will not have any worries thanks to his experience in securing big-money deals.

The Sunday Times’ Rich List 2020 reports that the Sports Direct supremo’s wealth has taken a £27million hit over the past 12 months, although he is still valued at £1.949billion.

The newspaper states that Ashley is set to see his coffers boosted by £300million if PCP Capital Partners’ takeover bid is successful.

As reported by Football Insider yesterday in a massive update, the Premier League are close to signing off the deal for the Saudi consortium to buy Newcastle.

Brown believes the current owner will be feeling confident of getting it over the line thanks to his past experience.

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Brown told Football Insider: “I think with the businesses he’s involved with he’ll understand the issues with getting deals over the line. He’ll probably have that every day with all the transactions.

“He’ll be fully aware of how hard these deals are to get over the line with the size of the deals that he’s doing.

“He’s a very successful guy and he’ll understand the market better than any of us can even contemplate to be honest.” 

Ashley has been in charge at St James’ Park for nearly 13 years after purchasing the club for £134million.

He has overseen a turbulent time for the Magpies, with two relegations and a host of controversy on Tyneside.

In other Newcastle United news, the Magpies have been tipped to be without a star player for the rest of the season.