Danny Mills has claimed that the Saudi-backed consortium pulled out of a deal to take over Newcastle United “before they were thrown out”.
Speaking exclusively to Football Insider correspondent Dylan Childs, the former England international compared the situation to when a manager resigns before getting the sack.
The Amanda Staveley-led consortium officially withdrew their takeover bid last Thursday and cited a prolonged process coupled with global uncertainty amid the Covid-19 pandemic as reasons for their decision.
The Premier League received the paperwork of a proposed £300million takeover in April but the deal was still under scrutiny.
Mills fears for the Magpies after the takeover, that promised so much, collapsed last week.
“It appears that the Saudis pulled out before they were thrown out,” he told Football Insider. “That is how it looks on the surface of it.
“It leaves Newcastle in a very difficult and awkward predicament now.
“They would have had an inkling. Top lawyers would have been dealing with the situation because they are very smart people. They must have an idea of what is on the cards and what is coming next.
“You assume that they got wind of a problem. It is like when a manager resigns before he gets sacked.”
A Newcastle statement issued on Friday by Lee Charnley, the club’s managing director read: “We acknowledge the statement issued on Thursday. Never say never but to be clear Mike Ashley is 100 per cent committed to this deal.
“However our current focus must now be on supporting Steve Bruce in the transfer market and on the preparations for the new season.”
In other Newcastle United news, pundit urges England international to make move to St. James despite reported interest from Spurs and West Ham.