LONDON: A potential takeover of English Premiership side Newcastle by a Saudi Arabian-backed group appeared to move closer on Tuesday after legal ...
LONDON: A potential takeover of English Premiership side Newcastle by a Saudi Arabian-backed group appeared to move closer on Tuesday after legal documents were lodged with the UK's regulator of companies.
Documents filed at Companies House last week came to light on Tuesday, with the papers providing a framework for talks between PCP and Ashley. The Wall Street Journal suggested the Saudi group, led by Staveley and backed primarily by Crown Prince Mohammed bin Salman's wealth from the oil-rich state, had been in discussions with Ashley for around four months.While there is no mention of any Saudi participation in the latest Companies House documents, the involvement of Britain's billionaire Reuben brothers, David and Simon, has been recorded.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Saudi Aramco in talks with banks to borrow about US$10 billion - sourcesSaudi Aramco, the world's largest oil producer, is in early talks with banks for a loan of about US$10 billion to help finance its acquisition of ...
Read more »
PSA International's Saudi unit secures Dammam port container terminal dealSINGAPORE - Saudi Global Ports (SGP), a subsidiary of Singapore's PSA International, and Saudi Ports Authority (Mawani) agreed to build the two container terminals at the King Abdulaziz Port in Dammam.. Read more at straitstimes.com.
Read more »
Horse racing: Saudi Cup withholds prize money after trainer Servis chargedREUTERS: Organisers of the Saudi Cup, the world's richest horse race, have said they will withhold the US$20 million prize purse pending the ...
Read more »
Saudi COVID-19 quarantine offers temporary lifeline to struggling hotelsSaudi Arabia has quarantined thousands of people in hotels, some in luxury suites, to combat COVID-19, throwing a temporary lifeline to an ...
Read more »
Football: Takeover deal for Newcastle United edges closerLONDON (REUTERS) - A possible takeover of Premier League side Newcastle United by a group fronted by British financier Amanda Staveley with Saudi Arabian backing appeared to be moving closer to completion on Tuesday (April 14).. Read more at straitstimes.com.
Read more »
Hearts add to criticism of SPFL over season-ending voteREUTERS: The turmoil in Scottish football continued on Sunday as Hearts joined Rangers in criticising the Scottish Professional Football League ...
Read more »