The long-awaited Newcastle United takeover by a Saudi backed fund is almost complete.
Reports suggest the deal is actually DONE and now both sides are just waiting on higher-ups at the Premier League for approval.
This follows a Saudi investment fund belonging to Crown Prince Mohammed bin Salman agreeing to the $379m price tag to purchase the club from Mike Ashley, the Premier League club’s owner.
The discounted price (it was originally listed at £424m) is finalised according to reports.
Deal done: Newcastle United is nearly under Saudi ownership
The proposed Newcastle United takeover has been finalised and is now just waiting on Premier League approval.Jim White has revealed on talkSPORT.
PCP Capital Partners, headed by Amanda Staveley, have brokered the £300m deal which is being backed by the Saudi royal family’s PIF
— Steve Danks (@Dankssteve1) April 15, 2020
The moment fans were waiting for, but the celebrations will be put on hold
Absolutely classic Mike Ashley to finally sell Newcastle United at exactly the time that supporters can't go out and celebrate.
— Daniel Storey (@danielstorey85) April 14, 2020