Newcastle takeover completed by Saudi-led consortium

The £300m takeover of Newcastle United has officially been completed, with a Saudi-led consortium ending Mike Ashley’s 14-year ownership of the club. The Premier League confirmed the takeover saying it had received “legally binding assurances” that the Kingdom of Saudi Arabia will not control the club.

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Newcastle takeover arbitration hearing adjourned to 2022

Newcastle United’s arbitration proceedings against the Premier League over last year’s aborted takeover bid have been adjourned until early 2022. Both parties have agreed to go to arbitration in early 2022 due to issues with the disclosure of evidence.

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Saudi take over of Newcastle United collapses

A Saudi Arabian-backed consortium has ended its bid to buy Newcastle United. The group, which included Saudi Arabia’s sovereign wealth fund PIF, PCP Capital Partners and Reuben Brothers, had agreed a £300m deal to buy the club from Mike Ashley in April.

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