Newcastle United fans are waiting in bated breath to know the outcome of the takeover as currently it is being reviewed by the Premier League.
The Magpies owner Mike Ashley has decided to sell the club for a fee of £300 million, a drop-down of £40m from his initial valuation.
The would-be Newcastle United owners – Amanda Staveley’s consortium — comprising her company PCP Capital Partners (10 per cent), the billionaire Reuben brothers (10 per cent) and the 80 per cent majority stakeholding of Saudi Arabia’s Public Investment Fund (PIF) – are currently waiting for Premier League’s approval but they are facing obstacles elsewhere.