In April the fiancée of murdered Saudi journalist Jamal Khashoggi called on the English Premier League to block the takeover of Newcastle United by a Saudi Arabian consortium. Mike Ashley, the owner of The Magpies – one of the best supported clubs in the league – has been trying to sell them for a number of years.
A Saudi Arabian-led consortium which was trying to buy English Premier League club Newcastle United from British tycoon Mike Ashley has suddenly announced the takeover has collapsed.
A statement issued on Thursday, 30 July, by the Saudi Public Investment Fund, PCP Capital Partners and RB Sports & Media said “it has formally withdrawn its interest in pursuing the acquisition of Newcastle United Limited and Newcastle United Football Club Limited.”
The deal was being brokered by Amanda Staveley, a British businesswoman who has unique links in the Middle East.
In April Hatice Cengiz, the fiancée of murdered journalist Jamal Khashoggi, said completion of the deal would help repair Saudi Crown Prince Mohammed bin Salman’s reputation and make the league complicit in the “cover-up” of his 2018 killing inside the Saudi Consulate General in Istanbul. Riyadh has denied the royal family’s involvement, saying that the crown prince was not aware of the plot and described the assassination as a “rogue operation.”