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 privately confident that the £300m Newcastle United takeover will get the green signal from the Premier League.
In fact, they have reportedly paid a nonrefundable £17m to Mike Ashley and will pay the remaining amount once the takeover is completed. All the paperwork have been submitted and surely they wouldn’t have taken these steps if they’re not confident.