The Sun reported last night that the Premier League had given the greenlight for the Saudi Arabia’s Public Investment Fund takeover of Newcastle United to go ahead.
The news outlet claimed that an official announcement is set to be made on or before June 1, with only the transfer of funds and paperwork left to be sorted as the PIF have passed the Premier League’s Directors’ and Owners’ test.
However, Telegraph’s Luke Edwards has reported that while the takeover remains imminent, there has been no official or unofficial notification from Premier League given to anyone currently involved in running/ownership of the Magpies that they are going to greenlight the takeover.