Newcastle takeover: Mike Ashley threatens Premier League with legal action over failed Saudi bid

Newcastle are threatening the PL with legal action

Newcastle fans thought they were in for quite an exciting summer. 

Earlier this year, news broke that a Saudi-based consortium was in talks to buy the club in a £300m takeover deal. 

Supporters quickly began dreaming of signing the likes of Kylian Mbappe, Neymar and Lionel Messi. 

But it was too good to be true.

On Wednesday evening, Newcastle owner Mike Ashley confirmed that the Premier League have officially blocked the takeover.  

And he's not best pleased about it. The club released a strongly worded statement, which reads: 

"Newcastle United can confirm that the Premier League has rejected a takeover bid made by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF) based on its Owners and Directors test.

The PL have rejected Newcastle's takeover bid

"This conclusion has been reached despite the club providing the Premier League with overwhelming evidence and legal opinions that PIF is independent and autonomous of the Saudi Arabian government.

"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." 

In the eyes of Ashley and Newcastle, this isn't over. In fact, it could be just the beginning. 

Ashley isn't happy with the PL

If the club's statement didn't make it clear enough, Sky Sports reporter Keith Downie confirmed that this is a strong message to the Premier League - one that threatens legal action. 

"Newcastle United have confirmed The Premier League have officially rejected Amanda Staveley’s Saudi-backed takeover of the club," Downie wrote on Twitter.

"Mike Ashley, who is currently on Tyneside, is now understood to be considering his legal options."  

Strap yourselves in football fans, this one could get messy. 

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