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Alan Nixon sheds light on Newcastle United takeover process

As we move into another week, Newcastle United fans are gradually impatient over the takeover saga.

The journalists are trying their best to provide the latest information to the fans.

A deal in the region of £300 million has been agreed between Mike Ashley and the Newcastle potential owners.

The potential new owners paid a part of the payment and have signed a contract as well.

The would-be new owners – Amanda Staveley’s consortium — comprising her company PCP Capital Partners (10 per cent), the billionaire Reuben brothers (10 per cent) and the 80 per cent majority stakeholding of Saudi Arabia’s Public Investment Fund (PIF) – are simply awaiting the official confirmation from the Premier League.