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Newcastle United takeover collapse down to other Premier League clubs, claims 'heartbroken' Staveley

Amanda Staveley, the businesswoman at the centre of a Saudi-backed bid to buy Newcastle United, has claimed opposition from other Premier League clubs caused the deal to break down.

On Thursday, a consortium led by the Saudi Arabia Public Investment Fund (PIF) pulled out of a bid to buy the club.

A proposed £300 million ($390m) purchase, backed by the PIF, whose chairman is Crown Prince Mohammed bin Salman, had been withdrawn mainly due to the protracted nature of negotiations.

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Staveley, whose PCP Capital Partners would have taken 10 per cent of the club, with another 10 per cent going to property developers Simon and David Reuben, was at the centre of negotiations.