Saudi Arabia, fronted by British financier Amanda Staveley, move closer to buying football club Newcastle United
General view outside St James' Park Premier League in Newcastle, Britain as the Premier League is suspended due to the number of coronavirus cases growing around the world, March 14, 2020.
A 31-page charge agreement filed with Companies House and signed by Staveley for PCP Capital Partners and a lawyer for St James Holdings Ltd indicated a framework for a deal was being put in place. Sky Sports television said the asking price was understood to have dropped to around $378.33 million from a previous $428.6 million, with Ashley willing to structure payments.
Newcastle United had no comment on the reports, with the Newcastle Chronicle reporting that Ashley was currently in Miami. Staveley could not be immediately contacted.
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