Amid the takeover talks and the controversy surrounding it, the UK Culture Secretary, Oliver Dowden, has claimed that the government won’t intervene in Saudi Arabia’s takeover of Newcastle United.
The Magpies owner Mike Ashley is on the verge of selling Newcastle United to a consortium led by Amanda Staveley for £300m. The deal will see a Saudi sovereign wealth fund – chaired by Crown Prince Mohammed bin Salman – have 80 per cent stake in the club. The remaining 20% will be shared by Staveley and Ruben Brothers with 10% each.
According to reports from The Independent, the takeover is expected to be completed and formally announced by 1 May.