Home » Saudi Arabia Public Investment Fund

Saudi Arabia Public Investment Fund

Newcastle takeover ‘close’ as EPL fail to block £300 million Saudi deal

Newcastle’s takeover is on the brink of being completed as the Premier League failed to find any reason to block the prospective takeover. According to a report in Football Insider, which claims the league has now fully investigated allegations linking the Saudi government to illegal streaming services. Amanda Staveley’s consortium – backed by the Saudi Arabia Public Investment Fund – is close to taking control of the club from Mike Ashley. The deal has been in the pipeline for some time now, with Magpies fans desperate for a conclusion ahead of the summer transfer window. Newcastle are set to spend big in the summer transfer window, and have already been linked with a host of big-name players. And the Premier League has apparently found no reason to block the takeover after the investigat...