January 25, 2020
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Newcastle United decline to comment on reported Saudi Arabia takeover talks

• Wall Street Journal reports ongoing talks over £340m takeover• Owner Mike Ashley is seeking to sell Premier League clubNewcastle United have declined to comment on a report in the Wall Street Journal (£) that Mike Ashley is in talks with Saudi Arabia’s sovereign wealth fund over a potential £340m takeover.
Newcastle United decline to comment on reported Saudi Arabia takeover talks
It is claimed a deal could be “days or weeks” away, with delicate negotiations ongoing between Newcastle’s owner and representatives of the Gulf nation’s Public Investment Fund – a body regarded as the key investment tool of the Saudi crown prince, Mohammed bin Salman.
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