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Newcastle’s takeover is on the brink of being completed as the Premier League failed to find any reason to block the prospective takeover.
Newcastle United fans have long dreamed of ridding the club from owner Mike Ashley, but a potential £300 million ($377 million) takeover backed by the Saudi sovereign wealth fund presents fans on Tyneside with a different dilemma.
A 31-page document filed at Companies House shows that the deal is progressing, with Amanda Staveley’s PCP Capital Group and Mike Ashley’s St James’ Holdings company both involved.
Yasir Al-Rumayyan, the chairman of the Public Investment Fund being linked with a £300million takeover of Newcastle, registered a new company with Companies House in January – just before the first reports of a deal being close for the Magpies.
Saudi Arabia’s sovereign wealth fund is in talks to buy English football club Newcastle United for about 340 million pounds (about N156.4 billion), a source familiar with the situation told Reuters.
The chairman of Mexican investment group Orlegi Sports has admitted that they came ‘close’ to buying an unnamed European club.
Rafael Benitez believes he can turn Newcastle United into a top-eight club if he receives financial backing to improve the squad in January.
Arsene Wenger knows Arsenal cannot afford another slip-up when they face Newcastle at the Emirates Stadium aiming to end a damaging run of three Premier League games without a win.
Owner Mike Ashley and Amanda Staveley's PCP Capital Partners have been in talks about a deal for some time and Sky Sports is investigating reports an increased offer of around £300m has been submitted.
A British businesswoman has made a formal offer of around £300 million ($397 million, 338 million euros) for Premier League club Newcastle United, according to British media reports on Monday.
The Medical Laboratory Science Council of Nigeria (MLSCN) says it has validated four Rapid Test Kits to determine their suitability for testing SAR-COV-2 infection popularly known as COVID-19 in the country.
Nigerian celebrities have taken to their social media platforms to mourn the death of Music Legend, Majekodunmi Fasheke, a.k.a Majek Fashek.
Rwanda says it will announce new restrictions on containing the coronavirus Tuesday, a stark reversal of the country's plan days ago to ease restrictions, including motor vehicle travel throughout the country.
In response to the yearnings of industry stakeholders to declare telecom facilities Critical National Infrastructure, President Muhammadu Buhari, has finally approved and also directed that necessary physical protective measures be put in place to safeguard telecommunications infrastructure deployed across the country.
Alliance for Surviving COVID-19 and Beyond, (ASCAB), a group led by prominent Nigerian human rights lawyer, Femi Falana has said that President Muhammadu Buhari’s claim that late dictator, Sani Abacha, stole $1 billion contradicts the figures earlier released by his own officials.
RMC says Juve asked about De Jong during talks over Barca’s interest in Miralem Pjanic and Mattia De Sciglio.
South Africa partly lifted a two month-old coronavirus lockdown on Monday, letting people outside for work, worship, exercise or shopping, and allowing mines and factories to run at full capacity to try to revive the economy.
The House of Representatives has charged the Presidential Taskforce on COVID-19 to consider reopening of at least one airport in each geopolitical zone of the country.
The Air Transport Senior Staff Services Association of Nigeria (ATSSSAN) and the National Union of Air Transport Employees (NUATE) have directed the staff of the Nigerian Aviation Handling Company (NAHCO) currently on essential duties to withdraw all services on the 1st and 2nd June following the breakdown in negotiations on their welfare.
The Director, Centre for Infectious Diseases Research, Bayero University, Kano, Professor Isa Abubakar, has expressed worry over the decline in the number of samples being supplied to the state epidemiology team for COVID-19 tests.