Newcastle United have edged closer to a new takeover deal after the Premier League began assessing the credentials of a new chairman.
However, the current regime were still awaiting the green light from top-flight bosses and the deal could yet take up to three weeks to be confirmed.
The key factor for United fans is that the wheels for new ownership are in motion.
It is understood that Yasir Al-Rumayyan of Saudi Arabia’s Public Investment Fund could be the new boardroom face of the Magpies.
A £300million deal is believed to have been agreed and signed off by Mike Ashley and only cold feet by the Sports Direct magnate now stand in the way of the takeover going through.
Should the deal be rubber stamped, Amanda Staveley of PCP Capital Partners, the Reuben brothers and PIF would have a stake in the club.
PIF remain in talks with the Premier League and when approached by the Chronicle, top flight chiefs would not comment on where the takeover was at or how long it may take to conclude.
