None of that (re Reuben bro's and Stavely's involvement) really adds up if this is going to be a City type ownership. One of the largest sovereign wealth funds do not need help with redevelopment projects and could buy local knowledge for a lot less than 10% equity of what would be a huge investment, nor would they not have somebody closer to home running the club. You wouldn't expect a long drawn out takeover process either. £300m is loose change to them and if they have earmarked Newcastle a sportswashing opportunity, you'd imagine that the takeover would have happened a lot quicker and a lot smoother.
Compare the situation with City's takeover. That deal happened very quickly with little to no media speculation. Officially speaking City claim that they're not owned by the state and instead owned by Sheikh Mansour (despite visiting Manchester just twice in 12 years) however the man that runs City, Khaldoon Khalifa Al Mubarak, is the right hand man of Sheikh Nahyan (the ultimate ruler) and is the de facto prime minister of Abu Dhabi. The guy running Man City is the guy that's most responsible for running Abu Dhabi, not some banker.
Now it's possible that Stavely and the Reuben brothers are just being used to save face just in case the deal didn't go through and will be bought out soon afterwards but if they do end up being long term minority owners then I'd be suprised if you see huge amounts of money being thrown at the club from the Saudi's.
Compare the situation with City's takeover. That deal happened very quickly with little to no media speculation. Officially speaking City claim that they're not owned by the state and instead owned by Sheikh Mansour (despite visiting Manchester just twice in 12 years) however the man that runs City, Khaldoon Khalifa Al Mubarak, is the right hand man of Sheikh Nahyan (the ultimate ruler) and is the de facto prime minister of Abu Dhabi. The guy running Man City is the guy that's most responsible for running Abu Dhabi, not some banker.
Now it's possible that Stavely and the Reuben brothers are just being used to save face just in case the deal didn't go through and will be bought out soon afterwards but if they do end up being long term minority owners then I'd be suprised if you see huge amounts of money being thrown at the club from the Saudi's.