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Mike Ashley Newcastle United sale in doubt as huge ruling 'goes against Saudi fund'

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dailyrecord.co.uk

The Saudi led takeover of Newcastle United could be in doubt, as it's reported a ruling by the World Trade Organisation has gone against the Middle Eastern nation.

Majority shareholder Mike Ashley has agreed a deal to sell the club to Saudi Arabia's Public Investment Fund. However, that takeover has to be ratified by the Premier League 's owners’ and directors’ test.

Potential new owners can be ruled not to be "fit and proper" if they have committed a crime abroad that would also be illegal in the UK.

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