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Newcastle takeover: Reuben Brothers release statement over £300m Saudi deal

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Newcastle United once the £300m Saudi takeover had been passed, have released a statement expressing their feelings on the current situation.

Newcastle fans were rocked last week when the Saudi-backed consortium behind the bid pulled the plug, blaming the Premier League and the ongoing gridlock with their offer.Top flights chiefs have spent the last 17 weeks deciding whether to pass the bid, and have still not made a public decision.At present, the deal looks dead in the water - but the Reuben brothers are clearly hopeful that talks can be revived in the coming weeks.And the businessmen have outlined exactly what they have planned for the city should that happen.Martin Cruddace, CEO of the Reuben Brothers' Arena Racing Company, issued this.

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