Newcastle United expose that Premier League rejected Saudi-Arabia backed takeover bid
While the union of the PCP Capital Partners, the Reuben Brothers and the general public Financial Investment Fund of Saudi Arabia (PIF) withdrew their takeover quote for Newcastle United in July, an argument is still raving on. It has actually seen many fans and critics require why the Premier League took as long as it did to complete its owners’ and directors’ test, seventeen weeks, but there has been no factor offered up until now.
Nevertheless, that has now changed as in an incredible statement, Newcastle United have actually validated that the Premier League declined Amanda Staveley’s Saudi-backed takeover of the club. Their declaration verified that the club think neither the Premier League nor it’s primary executive Richard Masters “acted appropriately in relation to this matter”. The Magpies also asserted that existing owner Mike Ashley is still “fully encouraging” of the club and supervisor Steve Bruce with him still seeking to sell the club.