LONDON (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.
LONDON - 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 .
There was no mention in it, however, of the Saudi Public Investment Fund which has previously been reported as the prospective majority shareholder.British billionaire Mike Ashley, who made his fortune from sportswear retailer Sports Direct , has owned United since 2007. The reduction would reflect the impact of the new coronavirus pandemic that has halted most soccer worldwide.The north-east club has been on the market for several years and talks with Staveley's PCP have been going on behind the scenes for some time.
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