Mike Ashley will give Henry Mauriss until August 14 to reach an agreement for his proposed takeover of Newcastle. On Thursday, Saudi Arabia’s Public Investment Fund withdrew the £300million offer they and the Reuben Brothers had tabled for the Toon.
Financier Amanda Staveley, who was leading their joint-bid, blamed the Premier League for dragging its heals. Although sources close to the deal claim the Saudis knew as long as a month ago that their offer would not be rubber-stamped because of the piracy argument in which beoutQ had become embroiled with Qatari-based beIN Sports, who own top-flight rights in the Middle East.
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