Any ownership takeover process takes time and the Newcastle United takeover is no exception. The only problem, in this case, is – it is more complicated than any other deal.
A deal in the region of £300 million has already been agreed between Mike Ashley and the Newcastle potential owners. The potential new owners have signed a contract and a part payment, that is non-negotiable, has been paid to Ashley as well.
The would-be new 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) – have done their part, and are awaiting the official confirmation from the Premier League.