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Mark Douglas provides encouraging light into Newcastle takeover

Newcastle United fans were dealt a blow earlier this week after it was announced that the imminent takeover of the club would be delayed further by the Guardian.

They state that new evidence has been submitted that will mean the owners and directors test with the Premier League takes a little longer.

However, Chronicle Live editor Mark Douglas has put a promising spin on things with a fresh update from the buying side, who he claims remain “positive”.

Will Newcastle's prospective takeover be complete THIS month?

Yes, 100%!

Yes, 100%!

Well, hopefully..

Well, hopefully..

No, I doubt it!

No, I doubt it!

He also believes that despite “a lot of noise” that the deal will eventually pass all checks and become official in due course.

In response to a fan on Twitter, Douglas said:

It appears as if there are only two hurdles left to overcome – firstly, getting approval from the Premier League, who themselves have other things to focus on right now such as ‘Project Restart,’ and then secondly, the transferrable of funds, which could be a process in itself given the mooted £300m fee.

Premier League Inflation: You won’t believe how much these famous transfers would cost today…

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How much would Andriy Shevchenko's £30m transfer to Chelsea be worth today?

Either way, it’s very encouraging to see local press believing it’ll still get the go-ahead, especially given their experience with the umpteen failed attempts during Mike Ashley’s tumultuous 13-year reign.

AND in other news, Chris Waugh details why Newcastle approval could take months..

Article title: Mark Douglas provides encouraging light into Newcastle takeover

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