Newcastle owner Ashley informs Staveley group that sale will happen

Football
5 Jun 2021 • 2:38 PM MYT
Tribal Football
Tribal Football

Tribal Football covers news from the Premier League, LaLiga and Serie A

Newcastle United owner Mike Ashley remains confident of selling up this summer.

The Sun says Ashley believes he will soon be able to finalise the sale of the club for £300m.

Ashley has informed the Saudi Arabian consortium, who are led by Amanda Staveley, to be prepared to complete a deal within a month.

He has been involved in a lengthy legal battle with the Premier League and took them to the Competition Appeal Tribunal after the consortium pulled out of a deal last year.

Ashley has remained in contact with Staveley, with the hearing set to begin next Friday.

In addition, a separate arbitration action will take place in July.

The consortium is made up of Staveley's firm PCP Captial Partners as well as PIF and Reuben Brothers.