• Owner Mike Ashley is seeking to sell Premier League club
Newcastle United have declined to comment on a report in the Wall Street Journal (£) that Mike Ashley is in talks with Saudi Arabia’s sovereign wealth fund over a potential £340m takeover, but it is understood discussions are underway.
It is claimed a deal could be “days or weeks” away, with delicate negotiations ongoing between Newcastle’s owner and representatives of PIF, the Gulf nation’s Public Investment Fund – a body regarded as the key investment tool of the Saudi crown prince, Mohammed bin Salman.
Written by Louise Taylor
This news first appeared on https://www.theguardian.com/football/2020/jan/25/newcastle-decline-to-comment-saudi-arabia-takeover-reports under the title “Newcastle United decline to comment on reported Saudi Arabia takeover talks”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
