After 18-long weeks, the Newcastle United takeover saga has come to an abrupt end after the Saudi Arabia-led consortium has withdrawn its bid to buy the club.
The consortium, led by Saudi Arabia’s Public Investment Fund and also involving Amanda Staveley and the Reuben Brothers, had been waiting for a decision from the Premier League.
However, after the Premier League has failed to provide any guidance, they have decided to pull the plug on the deal.
According to reports from The Times, Staveley was in tears as she confirmed the consortium’s decision today to withdraw the £300 million offer to Newcastle’s owner, Mike Ashley.