- Mike Ashley’s 14-year-old ownership of the club set to end
- Premier League assured Saudi state will not be involved
A Saudi Arabian-led consortium is close to finally taking over Newcastle United and ending Mike Ashley’s 14-year ownership of the club, with a deal expected to be approved imminently.
Some sources have suggested the £300m takeover could even be completed within the next 24 hours – although others are more cautious – with Amanda Staveley, the British businesswoman, likely to be the face of the deal on an interim basis before being moved aside.