Article published : Thursday, July 30th, 2020 10:43 am
Newcastle United takeover falls through as Saudi-led consortium pulls out Premier League has been considering bid for monthsFans still waiting for new owner to buy out Mike AshleyA Saudi Arabia-led consortium has withdrawn its bid to buy Newcastle United. The consortium, led by Saudi Arabia's Public Investment Fund and also involving Amanda Staveley and the Reuben Brothers, has been waiting for months for the Premier League to decide whether to give the takeover the go-ahead.The decision will come as a huge blow to many Newcastle fans, who had hoped the consortium would buy out the unpopular owner, Mike Ashley. But it will be welcomed by other fans, and campaigners, who have pointed to human rights abuses by the Saudi regime. Continue reading...
Author : Louise Taylor