Premier League's plan for Newcastle United's £300m Saudi takeover announcement

www.mirror.co.uk
2 min read
standard
The Premier League have reportedly given the green light to a proposed £300million takeover of Newcastle United by a Saudi-backed consortium
Sign up to FREE email alerts from Mirror - football Subscribe Thank you for subscribing We have more newsletters Show me See our privacy notice Invalid Email

The Premier League will leave any announcement about Newcastle United's takeover to the prospective new owners and Mike Ashley.

Top-flight chiefs have reportedly given the green light to a proposed £300million takeover of Newcastle by a Saudi-backed consortium.

The move will mean an end to Ashley's 13-year ownership of the club, with the Public Investment Fund of Saudi Arabia - led by Crown Prince Mohammed bin Salman - taking an 80 per cent stake.

The Saudi consortium, assembled by financier Amanda Staveley, also includes billionnaire British businessmen the Reuben brothers, who will have a 10% stake, and is understood to be closing in on a completion.

(Image: Getty)

The ChronicleLive claim that their Premier League application is…
Read full article