Newcastle United Football Club and the failed takeover

3/8/2020

I have received correspondence from many frustrated constituents over the past week after the failed NUFC takeover after months of waiting for a decision.

It is my understanding that a proposed takeover bid for Newcastle United FC involving Saudi Arabia's Public Investment Fund has been withdrawn.  

I appreciate that many Newcastle fans were hoping this takeover bid would go ahead and can understand their sense of disappointment. This was entirely a matter for the parties concerned, with no involvement from Government.

I have written to both The Rt Hon Oliver Dowden CBE MP, Secretary of State for Digital, Culture, Media and Sport and Richard Masters, Chief Executive of Premier League in order to understand what happened through this process and for answers on the takeover failing.  

I will update this once I have received the appropriate responses. 

Thank you for taking the time to get in touch about this important local issue.