Newcastle United decline to comment on reported Saudi Arabia takeover talks

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• Wall Street Journal reports ongoing talks over £340m takeover
• 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.

It is claimed a deal could be “days or weeks” away, with delicate negotiations ongoing between Newcastle’s owner and representatives of the Gulf nation’s Public Investment Fund – a body regarded as the key investment tool of the Saudi crown prince, Mohammed bin Salman.

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from Football | The Guardian https://www.theguardian.com/football/2020/jan/25/newcastle-decline-to-comment-saudi-arabia-takeover-reports

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