The Saudi-led takeover’s collapse means years of limbo and misery continue and a sign of hope has disappeared
After 16 long weeks, the proposed takeover of Newcastle United – which officially began in January but has been at the forefront of fans’ minds for far longer – has reached a conclusion. The consortium has pulled the plug.
So acute has been the tension over the past few months that at times it’s been easy to forget what exactly we were getting excited about. Most of the headlines that have forensically dissected this seemingly never-ending saga have focused on the buying side, the Saudi Public Investment Fund, which in attempting to purchase a controlling stake in the club alongside Amanda Staveley and the Reuben brothers, would have made Newcastle one of the world’s richest clubs.
Related: Newcastle have had a narrow escape and may realise that in the fullness of time | Jonathan Liew
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