Newcastle fans launch petition after Saudi takeover collapses BeIn has leant heavily on the Premier League to reject the possibility of an arm of the Saudi government owning a club in the division. Although the consortium announced it was withdrawing from the process in July, Ashley almost immediately attempted to revive the buyout and private negotiations swiftly resumed. Newcastle United can confirm that the Premier League has rejected a takeover bid made by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF) based on its Owners and Directors test. Newcastle Release Disapproving Statement In Regards to The Premier League’s Rejection of Saudi Backed Takeover In a damning statement Mike Ashley and Newcastle United slam the Premier League for their handling of the proposed Saudi backed takeover and vow to take action For the first time last night – and I’ve always been 50/50 – sources have said they believe this will go through and it will be signed off.”. Latest three Newcastle signings were on shopping list of Saudi-led consortium Wilson, Fraser and Lewis identified by advisers in spring Premier League hits back at Newcastle over takeover … You can turn high contrast on again via the link in the footer to our accessibilty page. Daily Mail journalist Craig Hope has been right across the story at St James’ Park and told talkSPORT on Monday that a decision is set to be announced soon. The Premier League Board has, on a number of occasions, given its opinion about which entities it believes would have control over the club should the consortium proceed with the acquisition. Listen, Mauricio Pochettino might be the next manager of Newcastle but at the moment there are certainly no plans for that. 9th September 2020. The three players signed by Newcastle for a total approaching £40m in recent days featured on the shopping list drawn up by the Saudi Arabian-led consortium which retains hope, albeit slender, of buying the club from Mike Ashley. Given that Wilson is 28, Fraser 26 and all three are British, their arrivals marked a departure from the transfer policy followed under Ashley, whereby new players have tended to be aged under 25 and, often, from overseas. Although in one sense the league’s response escalated an extraordinary war of words with one of its stakeholders – and emphasised its unhappiness at what is perceived as a personal attack on Masters – its statement arguably also contained an olive branch. Latest News. The Athletic's Chris Waugh joins Toon fan Taylor Payne to bring you the latest on the 'takeover' at Newcastle United. “The biggest thing we need is ‘is it yes or is it no’. Available for everyone, funded by readers. It is understood Callum Wilson and Ryan Fraser, the striker and winger acquired from Bournemouth, and Jamal Lewis, the left-back bought from Norwich, were identified as transfer targets by advisers to the prospective new owners last spring when the £300m takeover appeared to be a formality.