On Tuesday, the consortium trying to purchase Newcastle United were close to releasing an explosive statement. After 16 weeks of inertia, of the Premier League sorting through their Owners and Directors Test, of the clubs advocates stewing and worrying, the gloves would come off. Enough suffices, they were going to say; adequate time, enough waiting. Make your decision.
By the time the declaration came, less than two days later on, there was no decision left for the Premier League to make. It had been considered them, giving an end the most controversial and wearisome takeover in the history of the division. Saudi Arabias Public Investment Fund (PIF), Amanda Staveleys PCP Capital Partners and RB Sports & & Media revealed their withdrawal from the procedure “with remorse”.
That remorse resounds around Tyneside, where most Newcastle fans were longing for an end to Mike Ashleys 13 chequered years of ownership, even …
The gloves were off then the deal was off: Why Newcastles takeover collapsed – The Athletic
