Published On: Tue, Jun 30th, 2020

Newcastle takeover: Premier League CEO reveals reason for delay on £300m Saudi deal | Football | Sport

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Premier League CEO Richard Masters says the proposed £300million takeover has been ‘complicated’ hence the delay in announcing whether it will be approved.

In April, Newcastle owner Mike Ashley agreed to sell the club to a Saudi-backed consortium for £300m.

But over two months later, the Premier League are yet to confirm whether it has the approval to go ahead.

There has been strong opposition to the deal from human rights groups and some MPs due to the Saudi government.

Within Newcastle, there is an anxious feeling amid the lack of clarity from the Premier League.

Masters has been coy when questioned about the takeover in recent weeks and on Tuesday he was in front of the Digital, Culture, Media and Sport Committee.

Asked if fans should have been kept informed and communicated with, Masters replied: “I do appreciate the uncertainty.

“Obviously I cannot comment in terms of timing or the specifics on any particular takeover.

“But in a perfect world, takeovers would happen clearly, cleanly and in a timely fashion. Sometimes things get complicated.

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