Newcastle back to square one after Saudi takeover fails


FILE PHOTO: Soccer Football - Premier League - Newcastle United v Liverpool - St James' Park, Newcastle, Britain - July 26, 2020 Newcastle United manager Steve Bruce speaks with players during a drink break, as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19) Pool via REUTERS/Laurence Griffiths

MANCHESTER, England (Reuters) - Newcastle United head into the short Premier League close season surrounded by uncertainty after the collapse of the proposed Saudi takeover -- with an owner who wants to sell the club but with no viable purchaser in place.

Club owner Mike Ashley was ready to sell the club to the investment group, which included Saudi Arabia's sovereign wealth fund PIF, Amanda Staveley's PCP Capital Partners and Reuben Brothers in a deal worth more than 305 million pounds.

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