Revealed: The one thing that could STOP Newcastle United's £300m Saudi takeover
Only one thing could stop Newcastle United’s Saudi-led takeover – according to a new report.
The Saudi Arabian Public Investment Fund are part of a £300million bid to purchase the club from Mike Ashley, with Amanda Staveley’s PCP Capital Partners and the Reuben Brothers also backing the bid.
And while there has been criticism from some quarters regarding the Saudi Arabian involvement in the takeover, the deal is currently progressing through the Premier League’s owners and directors checks.
Indeed, the Press Association claim that the only thing that could stop the deal being sanctioned is ‘a sudden shift in UK policy towards Saudi Arabia at a political or international trade level.’
They go on to state that the takeover could be announced within the next fortnight, with the buying party having already paid a £17million deposit to Mike Ashley.
The remaining £283million is due upon completion of the Premier League checks.