Mike Ashley has owned Newcastle since 2007Talks on the potential £340m takeover of Newcastle United by Saudi Arabia's sovereign wealth fund are "advanced". Businesswoman and financier Amanda Staveley is understood to have approached the Saudi Crown Prince Mohammed bin Salman about buying the Premier League club. Rival Premier League club Sheffield United are owned by Saudi Prince Abdullah bin Mosaad bin Abdulaziz Al Saud, who took full control from Kevin McCabe last year. Any deal for Newcastle would require approval by the Premier League, and would inevitability be controversial. Newcastle United, Staveley, and PIF have all declined to comment.

Source: BBC January 26, 2020 22:07 UTC