Premier League contacted over £340m Saudi takeover of Newcastle United

The Premier League have been contacted by Prince Mohammed bin Salman after a £340m bid to takeover Newcastle United by the Public Investment Fund of Saudi Arabia, according to the Telegraph. There have been talks in January, linking Salman with both Newcastle and Manchester United. However, the final decision came into taking over the Magpies. The Telegraph claims that the PIF would acquire 80% of the club, while the remaining 20% would be shared equally between the Reuben Brothers and Amanda Staveley. The news are likely to be celebrated by the Toon Army as well, with their fans being lack of funding by Mike Ashley and protesting against their owner for many years. Now the situation can be changed with this leadership possibly coming to an end. Source: www.caughtoffside.com

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