Date: 31st October 2017 at 4:48pm
Written by:

By Russell Edge

Newcastle United will likely be purchased with finances from either Saudi Arabia or the United Arab Emirates, according to a top academic.

Professor Simon Chadwick, who is a researcher on business and geopolitics within the world of sport at various institutions, including the University of Salford, stated on his personal Twitter account that he expects the club to be purchased by investors from the Middle East, naming Dubai or Saudi as the most likely destinations.

He states that Saudi investment could be in retaliation to Qatar’s spending on the likes of Paris Saint Germain in the past couple of years, with tensions in the region a likely factor in business deals.

Newcastle were officially put up for sale by Mike Ashley earlier in the season as he looks to end his 10 year association with the club, having purchased the Magpies from Sir John Hall and Freddie Shepherd in 2007.

This has led to much speculation over who could secure a deal for the club, with the Chronicle claiming that five interested parties have signed non-disclosure agreements to further discussions, although Chinese interest has reportedly waned.

The apparent front runner for the takeover is Amanda Staveley, who is fronting a move from PCP Capital Partners, although former Liverpool chief Christian Purslow claims it would be unlikely to see a deal done before the end of the season.

In other Newcastle United news, Rafa Benitez has delivered a worrying update on the future of this star player.

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