Sports Direct tycoon Mike Ashley remains the owner at St James’s Park, for now at least, but today has seen a significant development with new documents related to the takeover lodged at Companies House.
Here’s how the last year has played out on the takeover front, including the latest Saudi developments.
25. March 30, 2020: NUFC fans wake to news 'takeover is a step closer'
It was claimed that the Premier League has been “made aware” of a £340million bid financed by the Public Investment Fund of Saudi Arabia and backed by financier Amanda Staveley and the Reuben Brothers, who have property investments in Newcastle.
Newcastle and the Premier League have made no comment on the news, which was greeted by scepticism on a locked-down Tyneside.
And the Gazette understands that embattled owner Mike Ashley and senior officials are “bemused” by the latest report, which has come amid a worldwide lockdown due to the coronavirus pandemic. Photo: Shaun Botterill
26. March 31, 2020 - PIF group 'pushing' for lower price
Takeover talk continues to dominate the agenda on Tyneside with fresh reports Newcastle United could exchange hands for £300m, with the consortium keen to take over pushing for a lower price.
It has also emerged that Yasir Al-Rumayyan, chairman of the Public Investment Fund (PIF) of Saudi Arabia, registered a new company with Companies House earlier this year. Photo: Getty
27. April 14, 2020: New documents lodged by Amanda Staveley’s PCP Capital Partners
A new takeover document has been lodged at Companies House by Amanda Staveley’s PCP Capital Partners.
Saudi Arabia’s Public Investment Fund, backed by Staveley, has been in talks over a takeover of Newcastle United.
And the document submitted by PCP, which is a £150million loan agreement with Mike Ashley’s St James Holdings, suggest that takeover talks, which have been going on for months, are progressing. Photo: Shaun Botterill