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Breaking!!!Saudi Arabia pull out of newcastle Takeover - Sports - Nairaland

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Breaking!!!Saudi Arabia pull out of newcastle Takeover by ABballer100(m): 3:53pm On Jul 30, 2020
Newcastle takeover: Saudi Arabian-backed consortium pulls out of bid
A Saudi Arabian-backed consortium has pulled out of a bid to buy Newcastle United.

Documents relating to a £300m takeover had been registered with the Premier League 16 weeks ago.

However, the deal was still being scrutinised under the owners' and directors' test.

It is understood Saudi Arabia's sovereign wealth Public Investment Fund (PIF) ran out of patience waiting for approval.

More to follow.‬
Source BBC Football and EPl Reloaded
Re: Breaking!!!Saudi Arabia pull out of newcastle Takeover by MrBrownJay1(m): 4:01pm On Jul 30, 2020
Re: Breaking!!!Saudi Arabia pull out of newcastle Takeover by Bewiseedet(m): 4:07pm On Jul 30, 2020
what a blow

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