According to reports from The Guardian, the £300 million takeover of Newcastle United is expected to be completed within the next seven to ten days.
The prospective 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 waiting for Premier League’s approval for the deal to go through.
The Guardian claims that the owners’ and directors’ test has been carried out for almost three weeks, and no major 11th-hour hitch is expected.