This morning reports from The Mirror Sport left the Newcastle United fan base in complete surprise.
The prospective 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 waiting for Premier League’s approval for the deal to go through.
Mike Ashley has finally agreed to sell the club to the Saudi investors led by Staveley for a fee of £300 million, a drop-down of £40m from his initial valuation.