- Mike Ashley’s 14-year-old ownership of the club set to end
- Premier League assured Saudi state will not be involved
A Saudi Arabian-led consortium is close to finally taking over Newcastle United and ending Mike Ashley’s 14-year ownership of the club, with a deal expected to be approved imminently.
Some sources have suggested the £300m takeover could even be completed within the next 24 hours – although others are more cautious – with Amanda Staveley, the British businesswoman, likely to be the face of the deal on an interim basis before being moved aside.
Written by Sean Ingle and Louise Taylor
This news first appeared on https://www.theguardian.com/football/2021/oct/06/newcastle-takeover-gets-boost-as-saudi-arabia-lifts-ban-on-bein-sports under the title “Saudi-backed takeover of Newcastle imminent after 18-month wrangle”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.