As cited by BBC Sport, Daniel Jowell QC revealed that the Premier . Bruce leaves role as Newcastle boss after Saudi-led takeover of club Steve Bruce has left his position as Newcastle United manager by mutual consent Published: October 20, 2021 14:16 Reuters The Newcastle United takeover has caused shockwaves across the Premier League. Lee Clarke. Simon Jordan says this is real reason behind Saudi takeover opposition – Nail on the head? Gary Hoffman is set to step down as Premier League chairman, after a backlash from clubs over the Saudi takeover of Newcastle United. Liverpool and the 18 other clubs in the Premier League have arranged an 'emergency meeting' to discuss Newcastle United's takeover. Monday 11 October 2021, 7:54am. Newcastle United supporters are daring to dream again on the back of a £300 million ($408m) takeover of the club that brought Mike Ashley's much-maligned 14-year reign at St James' Park to a . This ended Mike Ashley's 14-year stint in charge of the Premier League club. Sky Sports News' Keith Downie reports. The takeover of Newcastle United has finally been agreed, as a Saudi Arabian-led consortium has agreed a reported $407 million deal to buy the Premier League club. Commenting on the agreement, His Excellency Yasir Al-Rumayyan, Governor of PIF, said: “We are extremely proud to become the new owners of Newcastle United, one of the most famous clubs in English football. Newcastle United's Saudi Arabian-backed takeover has been confirmed. Watch: Newcastle United fans celebrate soccer club's Saudi-led takeover Oct. 12, 2021 00:35 Oct. 13, 2021, 8:56 AM UTC / Updated Oct. 16, 2021, 1:25 PM UTC Get the latest transfer news and rumours from the world of football. "The Premier League, Newcastle United Football Club and St James Holdings Limited have today settled the dispute over the takeover of the club by the consortium of PIF, PCP Capital Partners and . 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Backed by the wealth of PIF, the consortium is also made up of Staveley's PCP Capital Partners and . PIF is said to be worth . Lee Ryder has now dropped a promising claim on Newcastle United's recent takeover case. The decision to approve this takeover was criticised by some quarters in the aftermath. “We thank the Newcastle fans for their tremendously loyal support over the years and we are excited to work together with them.”. Despite the recent Newcastle United takeover, there are already signs that there may not be an immediate upheaval. Newcastle United's long-awaited takeover was completed in October. [ MORE: How to watch Premier League in USA ]. The Premier League have confirmed the successful takeover of Newcastle United by a Saudi-based consortium. 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James Rutherford. News in-depth Scoreboard The Newcastle United takeover: a far from straightforward deal. Founded in 1892, Newcastle United are one of England's most famous and well-supported football clubs. This ended Mike Ashley's 14-year stint in charge of the Premier League club. Don't miss a move! Sports Christian Streich and Jürgen Klopp criticize Saudi takeover of Newcastle United. While Liverpool and many other Premier League clubs were found opposing the Newcastle . “An announcement about his departure could be made in the coming days, an executive at one top-flight club said. Please try different keywords. Newcastle United’s long-awaited takeover was completed in October. Former Newcastle United player Alan Shearer has shared his "happiness" at the club's Saudi Arabian £305m takeover.. As Saudi-backed consortium had completed a highly anticipated takeover of St James Park. Amanda Staveley, chief executive of PCP Capital Partners, has set out her vision for Newcastle United since the club came under new management . Home Newcastle United Prem chairman ‘on the brink of resigning’ over Newcastle takeover, Date published: Tuesday 16th November 2021 5:11 - Lewis Oldham. A huge majority of football fans believe Newcastle United's recent takeover is good for the game. The consortium - made up of PCP . Newcastle United has issued a statement urging fans to refrain from wearing mock Arab clothing or head coverings following the Saudi Arabian-backed takeover of the club.. What if Antonio Conte turning up at Tottenham revitalises not just one homegrown Harry but two? The latest Newcastle United news, transfer rumours, team news, takeover news and more from St. James' Park. 20, 2020 in Newcastle, United Kingdom. This ended Mike Ashley’s 14-year stint in charge of the Premier League club. Post was not sent - check your email addresses! Amanda Staveley, chief executive of PCP Capital Partners, will have one seat on the board. Breaking NUFC rumours & news now, 24/7. Sunderland fan blog: Could the Newcastle United takeover have a positive impact on the North East? Amanda Staveley, Chief Executive Officer of PCP Capital Partners, said: “This is a long-term investment. The deal has been a long process for now-former owner Mike Ashley, who put the club up for sale originally in 2008.The news ends Ashley's 14-year ownership of the club. The BBC Sport pundit discussing the situation at St James Park having watched his former club Tottenham win 3-2. The deal that was delayed for so long finally went through last month, with one of the most controversial takeovers ever getting the green light. Newcastle have been a well-established top flight club for much of their history, however, they . Breaking NUFC rumours & news now, 24/7. You can unsubscribe whenever you want. The report adds: “Sky News has learnt that Gary Hoffman, who only took up the non-executive post 18 months ago, is close to finalising his exit after coming under pressure to quit in the last few weeks. As Newcastle United is bought by a Saudi-led consortium, Sky News looks at who owns the 20 clubs currently in the Premier League and what fans think of them. “Mr Hoffman’s impending resignation follows weeks of unrest about the decision to allow the £305m purchase of Newcastle by a consortium spearheaded by Saudi Arabia’s sovereign wealth fund.”. Ashley learned earlier this week that their arbitration hearing with the Premier . “It would have been an easy decision for us not to buy the club, just to wait until post-Christmas and post the January window and see where the club was in the league, and then make the acquisition. With the new investment, the sleeping giants of the Premier League can get a new lease of life. An investment group led by the Public Investment Fund (PIF), and also comprising PCP Capital Partners and RB Sports & Media (the “Investment Group”), has completed the acquisition of 100% of Newcastle United Limited and Newcastle United Football Club Limited (“Newcastle United” or the “Club”) from St. James Holdings Limited. Newcastle United takeover shows Nottingham Forest made crucial move just in time. Newcastle United takeover: Mike Ashley's turbulent 14 years What vision do the new owners have? The club was recently taken over by a Public Investment Fund backed . We don't have an account for this email address. Look at what it means to these Newcastle United fans! This week, the takeover took a significant . James Rutherford. Elsewhere, Amanda Staveley has promised to provide Eddie Howe with transfer funds in January: “We are preparing for the January transfer window. “We will build a true community Club, based upon our family’s knowledge of the city and in line with our plans that have been worked on closely with Newcastle City Council to deliver long-term sustainable growth for the area.”. Tottenham Hotspur spoiled the Newcastle United party at St. James's Park with a 3-2 victory in the first game following the home side's Saudi Arabian-backed takeover. A huge majority of football fans believe Newcastle United's recent takeover is good for the game. Here is more background information from our partners Sky Sports, as this deal has moved very quickly over the last 24 hours: “The Saudi-led consortium previously withdrew from the deal in July 2020 after the Premier League identified the Saudi stake as a director with control over the club, which would have made it subject to the league’s owners’ and directors’ test as part of the takeover process. Saudi Arabia’s Public Investment Fund (PIF) will have a majority 80 percent stake in Newcastle. The takeover is worth £300m to Ashley, and results in a "100% acquisition of Newcastle United." The Saudi Arabian Public Investment Fund is providing 80% of the funds. Sheffield Wednesday had a turbulent summer, but life in League One isn't proving to be better for them following relegation. Premier League chairman Gary Hoffman is “on the brink of resigning” over his role in Newcastle United’s Saudi-led takeover, according to reports. The Magpies' takeover was expected to happen last summer, but the Premier League had concerns that needed to be resolved. You can unsubscribe whenever you want. Since then, a number of parties have registered an interest in buying the historic football club, which was founded in 1892 and is one of the best supported teams in the English game. In what was Steve Bruce . Yasir al-Rumayyan, the governor of Saudi Arabia’s PIF, has become the club’s non-executive chairman. Exclusive - Newcastle United owner Mike Ashley has been left furious with the delay over their proposed takeover. , The £300m takeover of #NUFC has officially been completed, with a Saudi-led consortium ending Mike Ashley's 14-year ownership of the club , — Sky Sports Premier League (@SkySportsPL) October 7, 2021. The consortium . The takeover of Newcastle United in a £300m deal has been nearly universally welcomed by the club's supporters. Manager Steve Bruce has left Newcastle United by mutual consent just 13 days after the Saudi Arabia-backed takeover of the Premier League club.The 60-year-old leaves after more than two years in charge in which he led the team to a 13th and 12th place finish in the league.His position had come under Sport Football Newcastle United Amanda Staveley has this message for Newcastle United fans following £305m takeover Amanda Staveley has opened up about her "love" for Newcastle United - and . Use at least 8 characters, an uppercase and a lowercase letter, and a number or symbol. Newcastle United are under new ownership, with a £300 million ($408m) deal led by a Saudi Arabian consortium being completed as Mike Ashley's 14-year tenure at St James' Park comes to a close. Newcastle United have confirmed that a Saudi-led consortium has completed a takeover of the club.. After an initial plan was blocked 18 months ago, a group rebuilt a plan to take control of the . Sign up for a FREE NewsNow account and get our daily email alert of the top transfer stories. All rights reserved. Newcastle United takeover: Coutinho, Ramsey, Sterling? Newcastle United's takeover by a Saudi Arabia-led consortium is the best news the Premier League club has had since Bobby Robson took charge in 1999, former midfielder Rob Lee said. The decision to approve this takeover was . October 7, 2021. It could have been a month of celebration and joy. Newcastle United has issued a statement urging fans to refrain from wearing mock Arab clothing or head coverings following the Saudi Arabian-backed takeover of the club. We are excited about the future prospects for Newcastle United. The chairman of the Premier League is on the brink of resigning following a backlash from clubs over its handling of the Saudi-led takeover of Newcastle United. Newcastle United Takeover Newcastle United were officially put up for sale in October 2017 by owner Mike Ashley. The Qatari network beIN has been unable to broadcast in Saudi Arabia for the last four-and-a-half years as part of a diplomatic dispute, but the ban is now set to come to an end. The takeover of Newcastle United by the Saudi Arabian Public Investment Fund has generated a reaction in English soccer like no other. . Newcastle United owner Mike Ashley's 14-year reign at the Premier League is almost coming to an end with reports emerging about the club being taken over by Saudi Arabian-led consortium. Please ensure your password has at least 8 characters, an uppercase and a lowercase letter, and a number or symbol. Jesse Lingard Newcastle United takeover opposed by Liverpool and other PL clubs. The consortium - made up of PCP . "Newcastle United can confirm that Steve Bruce has left his position as head coach by mutual consent," said a club statement. Following an 18-month wait to complete the deal, the 14-year reign of previous Newcastle owner Mike Ashley is over at St James’ Park. Mike Ashley's 14-year spell as Owner of Newcastle comes to an end on Thursday, 7 th of October 2021. Newcastle United have sacked manager Steve Bruce after over two years in charge, with the club lying 19th in the Premier League. Sky Sports are reporting that Hoffman is “on the brink of resigning” over the backlash he has received as a result of Newcastle United’s takeover being approved by the Premier League. However, the deal collapsed on July 30 when the would-be buyers pulled the plug on the deal after Premier League checks. Newcastle is a fantastic city, which is why our family has been investing heavily in the area for many years. We are sorry, but the email address you entered does not appear to be valid. “All 20 top-flight clubs are understood to have been briefed on the situation. Per multiple reports, PIF will invest significant sums of money into Newcastle and will focus on renovating the stadium, training ground and building up the academy. Don't miss a move! BBC pundit makes Newcastle takeover claim that spells good news for Southampton and Leeds United Southampton are now four points clear of the bottom four after eight rounds of the new Premier League season - but there are fears that Newcastle United will soar following the January transfer window However, the prospect of a Saudi takeover was met with a backlash by human rights . By clicking 'Sign in and Subscribe' you agree to us subscribing you to our newsletter in accordance with our Privacy Policy and Legal Notice.Emails, which may be sent daily or less frequently, may include marketing elements. The news has resonated among Newcastle supporters with a recent survey by the Newcastle United Supporters Trust showing that 94% of the 2,406 responses from members were in favor of the takeover. All requisite approvals have been obtained from the English Premier League and the acquisition was completed on 7 October 2021. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Click to email this to a friend (Opens in new window). November 17, 2021. The takeover is worth £300m to Ashley, and results in a "100% acquisition of Newcastle United." The Saudi Arabian Public Investment Fund is providing 80% of the funds. Forgot your password? Newcastle United and Saudi takeover: Premier League chief to quit after angry reactions. Newcastle United Takeover: Richer Than PSG, But It's Complicated Newcastle Is Richer Than PSG But Its Glo-Up Is a Lot More Complicated 29 days ago in Sports Words By Graeme Campbell The latest Newcastle United news, transfer rumours, team news, takeover news and more from St. James' Park. The directors of the Investment Group thank Mike Ashley for his commitment to the sale process. This ended Mike Ashley's 14-year stin Newcastle United's long-awaited takeover was completed in October. The takeover by Saudi Arabia's Public Investment Fund caused plenty of controversy due to the . The English top flight said it had settled legal disputes that had initially stalled the £300 million ($408 million . A recent poll by the Newcastle United Supporters' Trust found 93.8 percent of fans were in favour of the takeover. The announcement comes amid backlash over the League’s handling of Newcastle’s takeover. The £300m deal . Newcastle United's Saud-backed takeover was completed three weeks ago and ChronicleLive has looked at the potential lessons the club's new owners can learn from Man City in 2008 Finally, Newcastle United have new owners. Newcastle have been a well-established top flight club for much of their history, however, they . In the last 7 days. The Premier League has approved the takeover of Newcastle United by a Saudi-backed consortium. News And Notes As Roman Reigns Beats The Demon. “We took that risk because the club was sitting in 19th position at the time and Eddie took the job knowing there was that risk.”. The government has claimed it lost the minutes of a call between the health minister, a Covid contractor and Owen Paterson, The Premier League's chairman will step down in January, amid a backlash over Newcastle’s takeover, India has shut down more than half of Delhi’s coal power stations as toxic smog envelops the city, Michael Gove helped a donor that supported his leadership bid win £164m in Covid contracts, Amazon will stop accepting UK-issued Visa credit cards from 19 January, A British fighter jet has crashed into the Mediterranean Sea, Newcastle United were officially put up for sale in October 2017 by owner Mike Ashley.

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