- PCP Capital Partners’ offer was withdrawn at end of July
- Newcastle say Premier League ‘have not acted appropriately’
Newcastle are taking legal advice after confirming that the Premier League has formally rejected Amanda Staveley’s Saudi-backed takeover bid.
PCP Capital Partners’ offer to buy out current owner Mike Ashley, which was majority-funded by Saudi Arabia’s Public Investment Fund, was withdrawn at the end of July with the governing body still conducting its owners’ and directors’ test.
Written by PA Media
This news first appeared on https://www.theguardian.com/football/2020/sep/09/newcastle-taking-legal-advice-over-rejection-of-takeover-by-saudi-led-consortium under the title “Newcastle taking legal advice over rejection of takeover by Saudi-led consortium”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
