Source: TheGuardian
Saudi £340m takeover of Newcastle ‘90% certain’ but leaks threaten deal
• Shell company created by Amanda Staveley to facilitate deal• All involved parties admit leak has placed transaction in doubtA 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. Related: Newcastle United decline to comment on reported Saudi Arabia takeover talks Continue reading......read full article
