Newcastle suffer double setback in hunt of first marquee signing since takeover
dailystar.co.ukNewcastle United have suffered their first major setbacks in the transfer market since the takeover from the Saudi Arabia Public Investment Fund (PIF).The Magpies are under new ownership for the first time in 14 years after the PIF took the reins from Mike Ashley in a deal worth £300 million.Having originally had a bid accepted by Ashley in April 2020, the Saudis had to wait 18 months to get the deal over the line.The Premier League blocked the takeover initially due to the PIF failing the owner and directors test.With huge financial backing, the new owners are hungry for success with frontwoman Amanda Staveley stating the long-term target is trophies.But the Toon have already suffered a double transfer setback when trying to bolster their.
Read more on dailystar.co.uk
