The way I understand it, and I might be wrong, the loan isn't from Ashley it's from the club (SJHL) and it's a clean way to transfer the shares of the club to the new owners. If the deal goes through, those shares will be bought by the three parts of the consortium (PCP, Rueben Bros, PIF) and the loan is repaid.
There's some in Newcastle who're getting carried away and thinking we're going to sign elite players, but the reality is that we aren't allowed to increase our wage bill by that much under current FFP rules. I think it's 10% a season and given we've one of the lower wage bills in the Premier League, it's way more likely that it will be an incremental improvement. To be honest having a striker who isn't either a) a knackered fairground pony, b) a reliable Championship striker or c) whatever the [Poor language removed] Joelinton is supposed to be, would be a massive increment.
I'm genuinely excited about the work done away from the squad and manager. I'm hoping we see improvements to thefacilities and surrounding area akin to the work done for Manchester City by the Qataris. As has been said in this thread St James' park is in dire need of modernising, some easy fixes like a paint job, fixing the bogs and tearing down the Sports Direct [Poor language removed] would be a good start. Having a Hydrotherapy facility that isn't a paddling pool and two wheelie bins filled with ice, would be an improvement.
Re: the Sports washing side of things. I think the majority of fans celebrating the news would, if asked, would criticise the Saudi regime. But as football fans we're powerless to police the global political arena outside of general elections. That’s a journalist's job and the job of those in actual power. If the FA state that the new owners aren’t permitted, then that’s that. But they won’t. So journalists should ask them why, and not ask it of Billy from Byker who couldn't pick out Saudi Arabia on a map.