Newcastle confirm takeover deal rejected by Premier League as Mike Ashley left frustrated

“The club and its owners do not accept that Premier League chief executive Richard Masters and the Premier League have acted appropriately in relation to this matter and will be considering all relevant options available to them.

“Mike Ashley understands fans’ frustrations and would like to reassure them that he has been fully committed to ensuring this takeover process reached completion as he felt it was in the best interests of the club. Mike continues to be fully supportive to Steve Bruce, the players and all the staff and wishes them well for the upcoming season.”

Newcastle fans were left disappointed when PIF, PCP Capital Partners and the Reuben brothers released a statement at the end of July confirming the end of their takeover bid.

Lee Charnley, Mike Ashley’s right-hand man, indicated that the deal could be revived further down the line.

“We acknowledge yesterday’s statement,” said Charnley.

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source: express.co.uk