Newcastle takeover OFF: Saudi-backed consortium withdraw £300m bid to buy Magpies from Mike Ashley

The Saudi Arabia-backed takeover of Newcastle has been called OFF. Amanda Staveley’s company PCP Capital Partners was leading the £300million takeover of the Magpies, with Saudi Arabia’s Public Investment Fund (PIF), which is led by crown prince Mohammed bin Salman, backing the deal. However, the time the takeover has taken and current ‘global uncertainty’ has […]