According to reports from the Daily Mail, the Saudi-funded consortium are close to buying Newcastle United in the next few weeks.
The report claims that the potential new owners – spearheaded by financier Amanda Staveley and also involving the Reuben brothers, Simon and David, is backed by the mega-rich Saudi Arabian Public Investment Fund and Crown Prince Mohammed Bin Salman – are likely to buy the club for £300m.
Mike Ashley has agreed to drop the asking price by £40m due to the Coronavirus pandemic.
If the deal goes through, the Saudi sovereign wealth fund will become the new majority owners at St James’ Park, holding 80 per cent of the club.