Newcastle United’s long, drawn out takeover has taken another twist with the Premier League understood to want further answers from the Public Investment Fund over TV piracy issues in Saudi Arabia.
The Public Investment Fund, which is the sovereign wealth fund of the Kingdom of Saudi Arabia, agreed to buy 80 per cent of the club from Mike Ashley two months ago and approval was expected to be a formality within a few weeks.
The deal is led by Amanda Staveley, whose firm PCP will take a 10 per cent stake, with property developers Simon and David Reuben taking the remaining 10 per cent.