Newcastle taking legal advice over rejection of takeover by Saudi led consortium
about 5 years in The guardian
PCP Capital Partners’ offer was withdrawn at end of July
Newcastle say Premier League ‘have not acted appropriately’
Newcastle are taking legal advice after confirming that the Premier League has formally rejected Amanda Staveley’s Saudi-backed takeover bid.
PCP Capital Partners’ offer to buy out current owner Mike Ashley, which was majority-funded by Saudi Arabia’s Public Investment Fund, was withdrawn at the end of July with the governing body still conducting its owners’ and directors’ test. Continue reading...
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