Advert

Latest

9 minutes ago
Advert
an hour ago
Advert

Most Popular

4 days ago
Advert

Saudi Prince In Talks To Buy Newcastle United For £340 Million

Saudi Prince In Talks To Buy Newcastle United For £340 Million

Newcastle United are reportedly in talks with Saudi Arabia's Crown Prince Mohammed bin Salman over a £340 million takeover of the club.

The Magpies have been owned by Mike Ashley since 2007 and despite a number of proposals in the past, the Sports Direct businessman has remained at the helm - much to the frustration of the club's fans.

Advert

But fresh reports from the Wall Street Journal say that the Saudi Arabia state, specifically the Public Investment Fund, are in negotiations and a deal could be thrashed out in the coming days.

It is still noted, however, that it's not completed just yet and there is still a chance of the deal collapsing.

A key figure in a potential agreement is British businesswoman Amanda Staveley, who has organised the group of investors through her strong connections in the Middle East.

Advert

The 46-year old ,a former girlfriend of Prince Andrew, was in the stands at St James' Park for Newcastle's 1-1 draw with Liverpool back in October 2017.

She advised on the game-changing deal that saw Sheikh Mansour buy Manchester City and dramatically change the club's fortunes.

Image: PA
Image: PA

Prince Salman, who was integral in Saudi Arabia hosting the big-money world heavyweight title 'Clash on the Dunes' rematch between Anthony Joshua and Andy Ruiz, recently attempted to buy Manchester United.

Image: PA
Image: PA

He was said to have tested the waters with two offers - one of which was said to be a huge £3 billion - but was ultimately unable to convince the Glazer family to sell.

Any deal for Newcastle would be a much cheaper project, with plenty of potential at a club that has stagnated in recent times.

Topics: Saudi Arabia, Football News, Football, Premier League, Newcastle United

Josh Lawless

Josh is a sports journalist who specialises in football and wrestling. He has been published by Curzon Ashton FC, Late Tackle, Manchester City FC, The Mirror, Read Man City and Manchester Evening News. He provides coverage of professional wrestling and has interviewed some of the biggest names in the field - including the first UK interview with The Hardy Boyz after their return to WWE. He has never sported a pair of Lonsdale Slip-ons, contrary to reports.

 

Next Up

Barcelona's Five-Man Shortlist To Replace Luis Suarez Has Been Revealed

Barcelona's Five-Man Shortlist To Replace Luis Suarez Has Been Revealed

6 months ago