New timescale for Newcastle United takeover

The proposed takeover of Newcastle United is expected to be completed within the next fortnight, according to a report.
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Financier Amadan Staveley, backed by Saudi Arabia’s Public Investment Fund and billionaire property investors David and Simon Reuben, has agreed a £300million deal for the club.

And the deal, which would see Mike Ashley relinquish control after 13 years as owner, is with the Premier League for their owners’ and directors’ test.

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Fans are hoping for a swift conclusion, and the PA news agency has report that the deal, which faces opposition from Amnesty International and beIN Sports, could be given the go-ahead by the end of next week.

Culture secretary Oliver Dowden last week told a Digital, Culture, Media and Sport committee hearing that the final decision on the takeover rested with the Premier League after calls for the Government to intervene.