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George Caulkin: The would-be Newcastle owners have ‘signed the contract’

The delay in the Newcastle United takeover process is creating all sorts of confusion among a certain section of the fans.

While the well-connected journalists at the club have done their best to reassure everyone that there’s nothing to worry about, not all fans are equally confident about the deal.

A deal in the region of £300 million has been agreed between Mike Ashley and the Newcastle potential owners. The deal has been agreed, and the sum has been paid.

The would-be new owners – Amanda Staveley’s consortium — comprising her company PCP Capital Partners (10 per cent), the billionaire Reuben brothers (10 per cent) and the 80 per cent majority stakeholding of Saudi Arabia’s Public Investment Fund (PIF) – have done their part, and are awaiting the official confirmation from the Premier League.