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Newcastle takeover EXCLUSIVE: Insight into deal and why Mike Ashley has chosen to sell

Newcastle takeover EXCLUSIVE: Insight into deal and why Mike Ashley has chosen to sell 1

PCP Partners, headed by Staveley are most heavily backed by the Public Investment Fund of Saudi Arabia (PIF), the world’s largest sovereign wealth fund.

PIF are expected to take up an 80 per cent stake, with Staveley owning another 10 per cent and the final shareholding bought by the Reuben Brothers.

One of the country’s wealthiest families, with a net worth of £18billion, the duo already own the Newcastle racecourse.

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Newcastle are currently 13th in the Premier League, with nine matches left to play with the top flight temporarily suspended due to coronavirus.

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