Sport
Newcastle takeover officially OFF as billionaire backers lose patience – Fox Sports
Newcastle’s proposed £300million Saudi backed takeover is OFF – 17 weeks after paperwork was first lodged.
The Saudi consortium fronted by Amanda Staveley has pulled out of the deal, blaming the prolonged process and the current circumstances relating to coronavirus.
Contracts were exchanged on the deal 17 weeks ago but now the Saudi Public Investment Fund (PIF), PCP Capital Partners and the Reuben Brothers have withdrawn from the process to buy the Magpies from Mike Ashley.
A statement read: With a deep appreciation for the Newcastle community and the significance of its football club, we have com…
-
General24 hours agoBHP cops $5b value hit on talk of China trade blockade
-
Noosa News22 hours agoDally M Awards 2025 live: Best of the NRL and NRLW honoured in Sydney
-
Noosa News22 hours agoWagga Wagga horse trader pleads not guilty to running an illegal knackery
-
Noosa News24 hours agoWhat keeps a Human Rights Commissioner up at night? – Proctor