The potential Newcastle United 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 facing obstacles from Human rights regarding the takeover.
As of now, all paperwork have been submitted and it is being reviewed by the Premier League. According to reports from the Independent, the takeover is expected to be completed and formally announced by 1 May.
Mike Ashley is ready to sell the club for a fee of £300m.