According to Sunday Mirror’s John Richardson, Saudi Arabia’s Public Investment Fund’s £300 million takeover of Newcastle United has been given the greenlight by the Premier League, with an official announce imminent.
Former Magpies star Olivier Bernard had claimed that the takeover was due to be made official yesterday, and while it didn’t happen, it appears something official is edging closer.
The Premier League had taken forever conducting their Directors and Owners test on the prospective Newcastle owners, with Saudi’s broadcast piracy threatening to block the deal.
The Kingdom’s human rights record were also cited by Amnesty International as a reason why PIF shouldn’t be allowed to buy Newcastle, but the would-be owners had remained confident that the takeover will go through.