According to Sportsmail’s David Coverdale, Newcastle United owner Mike Ashley tried to significantly renegotiate the £300 million takeover deal at the last minute with the Saudis, and it was one of the reasons why they pulled out of it today.
Sources close to the Saudis say Ashley tried to 'significantly renegotiate' the £300m deal at the last minute.
One of the reasons why they have pulled out today, as well as losing patience with the Premier League. #nufc
— David Coverdale (@dpcoverdale) July 30, 2020
Saudi Arabia’s Public Investment Fund also ran out of patience with the Premier League after it emerged that they were making no headway following four months of negotiations.