yes, but its not the persons test .. it will be 2 to 3 weeks max of waiting.. could be confirmed faster depending on speed of prem checks
a week ago is reported and it takes upto 4 weeks i suspect its already done... the original report about paperwork to the prem league was over 2 weeks ago
The fit and proper persons test will be against Staveley and the Reubens Brothers. The company they are using to buy NUFC is most likely JV1 - Joint Venture 1. Check out the directors of that company. Reubens Brothers associates. Staveley was appointed director yesterday. The Saudis join after the sale as 80% investors/ owners.
Exactly. Staveley is a broker. She is simply buying the club because she will fly through the fit and proper persons test. The loan is a vendor loan to speed up the sale. Ashley wants rid quickly. It seems that the £150 million loan is the debt thay the club owes to Ashley which is payable via instalments with PCP's assets used as security.
Reportedly they are taking a 10% share. They are possibly putting in some of the funding. They have buying up properties in Newcastle over the last 12 months...
“The proposed involvement of PIF will lead to an expectation of huge spending at Newcastle and although there is a long-term plan to invest, with hundreds of millions of pounds available, the project is expected to be one of steady growth. Nevertheless a substantial transfer budget has been earmarked for the next few years with the aim of developing Newcastle into a club that can consistently challenge for European places.
If this Jason Burt is correct. He is the Chief Football Correspondent for The Telegraph and the person who originally broke the story that things were very close a couple of weeks ago.
Well the PL have got **** all else to do at the moment so should be a matter of days really. Time to resurrect that Friday announcement thread methinks!
