The Saudi Investment Fund's takeover of Newcastle United appears to be edging ever closer, as the COO of the Saudi Public Investment Fund (PIF) has become closely involved with the deal.
According to Murad Ahmed, sports editor of the FT, Companies House documents show that Bander Bin Mogren has been made director of NCUK Investment Limited, the shell company linked with the takeover of Newcastle.
NCUK was set up in January, when talk of the deal first surfaced, by Yasir Al-Rumayyan, the director of the PIF.
The shell company will be used to transfer shares from Mike Ashley if and when the takeover is confirmed.