Saudi £340m takeover of Newcastle ‘90% certain’ but leaks threaten deal - News Summed Up

Saudi £340m takeover of Newcastle ‘90% certain’ but leaks threaten deal


The PZ refers to Project Zebra – the codename for the planned Newcastle takeover – and the two listed directors are Staveley and her husband, Mehrdad Ghodoussi. The fledgling company would be used as a vehicle to transfer shares if any deal is finally completed. Particularly as Ashley has said that the leak of details of any proposed takeover before contracts are exchanged would make it unlikely to happen. The retail tycoon described a previous attempted by Staveley two years ago to buy Newcastle as a time-wasting exercise. Facebook Twitter Pinterest Amanda Staveley hopes to assume a minority 10% stake in any final agreement.


Source: The Guardian January 26, 2020 14:26 UTC



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