The £300million Saudi-led takeover of Newcastle United has moved a step closer after a deposit to buy the club was paid.
Sources have disclosed that cash has exchanged hands — with the remainder of the balance due when the Premier League approves the change of ownership.
It is understood that all relevant paperwork has been signed, with the process expected to take three to four weeks.
Should all go ahead as planned, the Saudi sovereign wealth fund will become the new majority owners at St James' Park, holding 80 per cent of the club along with 10 per cent splits for financier Amanda Staveley and property tycoons David and Simon Reuben.