American entrepreneur in bidding as Newcastle takeover hits buffers

Date published: Wednesday 10th June 2020 10:04 - Jonny Whitfield

American entrepreneur Henry Mauriss is preparing a bid to take Newcastle over, with the Saudi consortium currently close to buying the club facing problems, according to a report.

Mike Ashley agreed to sell Newcastle in April to the Saudi Arabia Public Investment Fund (PIF) led by crown prince Mohammed bin Salman for £300million.

The deal is being brokered by Amanda Staveley’s PCP Capital Partners and contracts have been signed and a deal has been agreed.

The final hurdle is passing the Premier League’s owners and directors test, which has remained the case for a number of weeks.

However, the takeover is being held back by a number of issues, the most recent being the World Trade Organisation’s ruling in May that Saudi Arabia is running a pirate satellite TV and streaming service.

Continued opposition has also come from human rights groups and Hatice Cengiz, the fiancee of murdered journalist Jamal Khashoggi.

The Daily Telegraph claims that American businessman Mauriss is ready to submit his own bid to take Newcastle over.

The Magpies believe Mauriss is willing to “move quickly” in proceedings, which could only take place if the Saudi-led takeover attempt collapsed.

Mauriss, the CEO of Clear TV Media, has been inspired by the work done by Liverpool’s owners, Fenway Sports Group, and has ideas on how best to run the club.

NEWCASTLE’S NEW MANAGER?

Steve Bruce Newcastle EAMtalk

Uncertainty also remains about Steve Bruce’s future in his role as Magpies boss if a takeover goes through.

Former Tottenham boss Mauricio Pochettino has been mentioned as a successor but Bruce has remained steadfast that he would continue to be the right man for the job.

Bruce said in May: “We all aspire in management, we all aspire to be Pep (Guardiola), Jurgen (Klopp)… these great managers who’ve been a breath of fresh air to football.

“Jurgen Klopp coming into this country, you just have to applaud him for his tactics and the way Liverpool play.

“If it’s good for Newcastle, and the club are going to try to compete with these teams, to be part of it would be great. I would love to see it and I’d love to be part of it.

“I hope it’s where it goes, but in the meantime I’ll just crack on, wait, roll my sleeves up and get on with trying to get some results to try and get the club going forward.”

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