With every passing day, it seems the potential Newcastle United owners are getting confident that the takeover deal will go through.
It has been claimed that Saudi Arabia’s Public Investment Fund, led by Crown Prince Mohammed bin Salman, will acquire an 80% stake in the club, while Amanda Staveley’s company PCP Capital Partners and the billionaire Reuben brothers will acquire 10% each.
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.
Now, according to reports from The Chronicle, the Newcastle United fans will have their say on the £300m Saudi Arabia-funded takeover next week.