News

Newcastle reportedly close to takeover as the premier league is informed

 

Mike Ashley's 13 year reign as Newcastle United football club could be brought to an end buy Saudi crown prince Mohamed bin Salman. The premier league has been informed by Newcastle United that the club have received a bid from a saudi lead consortium. 

The consortium is lead by Saudi crown prince Mohamed bin Salman. Bin Salman is using The Public Investment Fund to buy 80 percent stakes at the club. The Public Investment Fund is Saudi Arabia's state sovereign fund. 10 percent of the club will be held by Britain's second richest richest Baghdadi jewish Reuben family. David and Simon Reuben have a net worth of 17 billion pounds. 

The other 10 percent of shares will be held by financier Amanda Staveley owner of a venture and equity company. Amanda has been the subject of a previous bid to buy Newcastle for 300 million ponds but her offer was rejected. 

All major newspapers in Britain claim "The deal for a takeover has never been closer". Meanwhile back in Riyadh Mohamed Bin Salman is desperate for the deal to go through after he ordered the Kingdom have their own sporting franchise to rival that of Qatari owned PSG and Emirati government backed Manchester City. 

Project Zebra the code name for the takeover has proposed a 200 million pound investment into the Newcastle squad as well investing in a number of real estate projects in some of Newcastle's poorest areas in an attempt to win hearts and mind in the Tyneside. 

Meanwhile Newcastle's current owner Mike Ashley is angered by the leaks of the take over according to some media reports. 

31 March 2020