According to Mirror Sports, PCP Capital Partners owner and finance broker Amanda Staveley is set to put Newcastle United’s £300 million takeover bid aside as her £1.6 billion legal battle with Barclays starts this week.
She is currently fronting a bid that will see her own 10% of the Magpies, but the takeover could now be further delayed as she is set to appear in court from tomorrow.
Saudia Arabia’s Public Investment Fund are playing a key role in the bid, with 80% of the club set to be theirs, while the Reuben Brothers will own the remaining 10%.