Mike Ashley’s Newcastle United are once again in the national news in the UK after intense talk had been brewing since January that Mike Ashley is prepared to sell the Magpies for £300million.
The beginning of the paper trail in the form of documents from Companies House have firmed up that discussions between Ashley and Amanda Staveley were official. All that’s left now is for the final deal to be stamped while waiting for the ongoing formality of the Premier League owner’s and director’s test to be validated.
At this juncture with discretion being the better part of valour, Arabian Business.com discussions indicate that there has been no mention of Saudia Arabia’s PIF at this stage, with their morning report reading:
“There is no mention of any Saudi participation in the latest Companies House documents, the involvement of Britain’s billionaire Reuben brothers, David and Simon, has been recorded.”
The National in UAE has picked up on Amanda Staveley’s re-emergence via the Companies House documents.
Their report reads: “The documents prove a legal framework for a deal was being organised by the respective parties, suggesting a takeover is close.
“As of yet, there has been no official confirmation from Newcastle or Staveley.”
“The latest documents at Companies House gave no mention of the Saudi Public Investment Fund (PIF).”
Al Bawaba claim that a deal is on the verge of taking place after the documents were submitted on Tuesday via Companies House.
They also pinpoint the key involvement of Mohammed bin Salman.
They report: “A deal allowing a Saudi Arabian group backed primarily by Mohammed bin Salman to take over Newcastle United football club appears to be on the verge of taking place.
“A potential takeover of English Premier League side Newcastle United by a Saudi Arabian-backed group appeared to move closer on Tuesday after legal documents were lodged with the UK’s regulator of companies.
“But several other proposed bids to buy the club from Mike Ashley have all come to nothing during the controversial British businessman’s 13 years as owner of the northeastern side.”