Saudi £340m takeover of Newcastle ‘90% certain’ but leaks threaten deal

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• Shell company created by Amanda Staveley to facilitate deal
• All involved parties admit leak has placed transaction in doubt

A shell company has been registered to facilitate the potential £340m takeover of Newcastle United by Saudi Arabia’s sovereign wealth fund as sources close to the deal claim they are now “90% certain” it will succeed.

It seems the coming week could prove critical as a “tipping point” has been reached, dictating that the next few days will either see the club’s current owner, Mike Ashley, sell up or a takeover first proposed nine months ago founder.

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from Football | The Guardian https://www.theguardian.com/football/2020/jan/26/saudi-340m-takeover-newcastle-leak-threatens-deal

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