Newcastle’s takeover by Saudi Arabia's Public Investment Fund is close and Mike Ashley’s private jet has landed back in the UK as fans await confirmation of the £300m buyout.
The impending takeover by Saudi Arabia's Public Investment Fund will see Ashley relinquish power while Saudi Arabian Crown Prince Mohammed Bin Salman will ultimately gain control of Newcastle with an 80 per cent share.
Amanda Staveley on the other hand will take 10 per cent having brokered the deal.
The Reuben brothers will have the remaining 10 per cent share, with Ashley agreeing to a £300m buyout.
It is not yet confirmed whether he was on board the aircraft yesterday, with further news on the takeover being kept under wraps.
The PIF have remained quiet on the deal, while the Premier League have been carrying out their owner’s and director’s test as they go through the paperwork.
GoalBall understands that Newcastle staff have not yet been given any guidance on takeover talk or their futures.
However, The Chronicle claim they have been assured they will be the first to know if and when the deal goes through.
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The takeover would see Newcastle's transfer budget ahead of the summer significantly increase too.
This article was most recently revised and updated 4 years ago
