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Prime Minister, Boris Johnson has issued his support for the Premier League to make a statement as to why Newcastle’s £300million proposed takeover collapsed last month.
Mike Ashley had agreed a deal with Saudi Arabia’s Public Investment Fund (PIF), Amanda Staveley’s PCP Capital Partners and the Reuben Brothers to give up ownership of the North East club.
But last month, a statement on behalf of the Saudi-backed Investment Group confirmed “with regret” that they were pulling out of the deal. They said: “Unfortunately, the prolonged process under the current circumstances coupled with global uncertainty has rendered the potential investment no longer commercially viable.”
