Newcastle fans expressed frustration at the length of the Premier League's scrutiny and press criticism of the takeover.
The proposed takeover by a Saudi Arabian-led consortium sensationally broke down on Thursday after they withdrew their bid following four months of scrutiny over piracy concerns and human rights complaints in the Gulf state.
"The Premier League wanted the country, Saudi, to become a director of the football club".
That regret reverberates around Tyneside, where most Newcastle fans were longing for an end to Mike Ashley's 13 chequered years of ownership, even.
A group fronted by British financier Amanda Staveley, with an expected 80% investment from the Saudi sovereign wealth fund PIF and 10% involvement from billionaire brothers David and Simon Reuben, made a reported £300 million bid to buy the club from Mike Ashley in April. "However our current focus must now be on supporting [manager] Steve Bruce in the transfer market and on the preparations for the new season", Charnley said in a statement on Friday.
"We are so heartbroken for the Newcastle fans as the investment that was going to go into the club, especially with everything happening with Brexit and Covid-19, would have been so important".
'Ultimately, during the unforeseeably prolonged process, the commercial agreement between the investment group and the club's owners expired and our investment thesis could not be sustained.
The parties involved in the proposed takeover released a statement on Thursday announcing they had withdrawn their offer, blaming among other things the "prolonged process" involved. "This is catastrophic for them".
The Magpies had been linked with a long list of potential signings this summer should the takeover go through, with the new owners thought to be keen to spend.
The Saudi General Authority for Competition (GAC) said it had permanently canceled the license of the broadcaster, a surprising move given the talks with the Premier League.
Staveley revealed she was left "devastated" after discovering the deal had fallen through - but has hinted she too is hopeful it can be hauled back on track.