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Toon fans want answers after collapse of Saudi deal

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Mike Ashley

Mike Ashley

REUTERS

Mike Ashley

Newcastle United fans say they have been treated with contempt after a £300million takeover bid from a Saudi-backed consortium collapsed yesterday.

The group, which included Saudi Arabia's sovereign wealth fund PIF, PCP Capital Partners and Reuben Brothers, announced they were ending their interest in the deal which had been delayed by the Premier League's owners and directors test.

The end of the Saudi bid left the North East club still in the hands of British businessman Mike Ashley, who has long faced protests and opposition from the fans. Many Newcastle fans had welcomed the takeover, seeing it as a chance to boost the club's fortunes through investment in new players.

But the bid had been criticised by human rights campaigners and had come up against questions about pirate broadcasts of Premier League games in Saudi Arabia.

Newcastle fans expressed frustration at the length of the Premier League's scrutiny and press criticism of the takeover.

"The supporters of Newcastle United have been treated with contempt by large parts of the football media and the Premier League during this failed takeover process," said the NUFC Supporters Trust. "It's been made clear that we are the least important people in a decision which affects us the most. We need answers," they added.

Amanda Staveley, the British businesswoman behind PCP Partners, said she was upset for the club's supporters.

"It's awful," she said, adding that there would have been huge investment in the area.

"We are devastated for the fans. We really thank the fans - I personally thank them for all their support," Staveley added.

The Premier League and Newcastle United did not immediately respond to a request for comment.