The Dubai-based group claimed that it had “agreed terms” on a £350 takeover in late May.
However, since then there has been silence from Sheikh Khaled’s group – and the club, which was put up for sale by owner Mike Ashley in October 2017.
And fans of the managerless club – Rafa Benitez left on June 30 when his contract expired after talks with Ashley broke down – have voiced concerns over a perceived lack of progress.
The group has today issued a statement through Peter Redding, a Dubai-based journalist.
It read: "Both parties have worked diligently in finalising a deal, none more so than ourselves. We have completed every aspect required in a takeover process. Press claims of no bids or Premier League approval processes are simply untrue.
“The current owners have cooperated amicably throughout this process, and if a deal is not forthcoming, it will not be due to lack of effort from both parties.”
Redding later added: “The quote is official from the CEO. It was deemed preferential to release through social media. Media sources will then pick it up, more importantly fans would initially.”
Newcastle are the only club yet to make a signing this summer. The club last week sold forward Ayoze Perez to Leicester City for £30million, while striker Salomon Rondon – who spent last season on loan at United – is not expected to return. Manchester United are set to bid for midfielder Sean Longstaff.