Tuesday, June 15

Tag: Saudi Prince

Newcastle fans ‘confused and heartbroken’ by takeover collapse
Sports

Newcastle fans ‘confused and heartbroken’ by takeover collapse

Newcastle United fans say they are "confused" and "heartbroken" following the collapse of the Saudi Arabian-backed takeover. A consortium, led by the country's Public Investment Fund (PIF), agreed a £300m deal to buy the club from Mike Ashley in April but has now pulled out. Greg Tomlinson, from the Newcastle United Supporters' Trust, said "answers are needed from the Premier League". Fellow supporter Michelle George said: "It's left fans devastated." The deal was delayed after being scrutinised under the Premier League's owners' and directors' test. And the consortium, which also included PCP Capital Partners and the Reuben Brothers, has pulled out because it is understood the PIF ran out of patience. Magpies supporter George added: "As fans, we are heartbroken. It...
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