Saudi-backed takeover of Newcastle imminent after 18-month wrangle

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  • 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.

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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.