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Newcastle United: Public Investment Fund takeover brokered by Amanda Staveley has supporters bashing development

Newcastle United: Public Investment Fund takeover brokered by Amanda Staveley has supporters bashing development - Newcastle United

According to a recent report from the BBC, a takeover deal between Saudi Arabia’s Public Investment Fund and Newcastle United could be at an ‘advanced stage’ – but supporters are less excited over the potential development and more sceptical. 

The Arab state’s PIF negotiations with current owner Mike Ashley, brokered by former solely interested party Amanda Staveley of PCP Capital Partners, is allegedly entering its final stages – with a report from the Financial Times claiming that the deal could be imminent.

In response to the news, perhaps motivated by let downs in the past regarding the club’s sale, Magpies fans have been sceptical to say the least over reports that the Ashley era could soon be ending. Staveley, who failed in her attempt to buy Newcastle two years ago, apparently wants a 10% stake if the takeover by Prince Mohammed bin Salman is a success – but an inside source close to the club has claimed that the deal could still collapse due to Ashley’s ‘unpredictable’ nature.

Here’s how supporters reacted to the news on Twitter.

Do you think a takeover could be on the horizon this time? Join the discussion by commenting below…


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Article title: Newcastle United: Public Investment Fund takeover brokered by Amanda Staveley has supporters bashing development

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