Newcastle United are set to have new owners very soon, with Saudi Arabia’s Public Investment Fund edging closer to completing a £300 million takeover.
PCP Capital Partners owner and finance broker Amanda Staveley is leading the negotiations, and £17 million has already been deposited as PIF are confident that the deal will go through.
The £283 million balance will be paid once the documents have been signed off, and owner Mike Ashley was said to be hours away from confirming the sale last week, only for the Saudis to insist on a delay as their business custom is to wait until full completion before making an announcement.