The English Premier League has reportedly approved the proposed €300 million takeover deal of Newcastle United by Saudi Arabia’s Public Investment Fund (PIF) which is fronted by crown prince Mohammed bin Salman.
The acquisition of the club has faced strong opposition from some quarters and doubts have been raised over the EPL approving the deal.
But according to the Saudi state news channel, Al Ekhbariya, the takeover is now possible after the PIF passed EPL’s safe and proper persons’ test.
The broadcaster also said an announcement is expected to be made around 1 June.
— قناة الإخبارية (@alekhbariyatv) May 21, 2020