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Why Newcastle’s takeover collapsed – Athletic



Other contributors: Adam Crafton

On Tuesday, a consortium that was trying to buy Newcastle United was about to issue an explosive statement. After 16 weeks of inertia, after the Premier League passed the test of their owners and directors, the fans of the club suffocated and got upset, their gloves came loose. “Enough is enough,” they said; enough time, enough waiting. Make your decision.

At the time of the announcement, less than 48 hours later, there was no decision left for the Premier League to make. They married for them and ended the most satisfied and demanding takeover in the history of the division. The Saudi Public Investment Fund (PIF), Amanda Staveley, PCP Capital Partners and RB Sports & Media have announced their withdrawal from the “regret”

; process.

This regret is reflected around Tyneside, where most Newcastle fans longed to quit Mike …




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