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Premier League denies rejecting Newcastle United Sh42 billion takeover

The 20 football clubs that will fight for the Premier League title in the 2020/21 season. [Photo: Premier League]

The Premier League has in a rejoinder denied Newcastle United’s claim it rejected a takeover bid from a consortium backed by Saudi Arabia's Public Investment Fund (PIF) last month.

PIF, PCP Capital Partners and Reuben Brothers pulled out of their proposed Sh42 billion (£300m) takeover of Newcastle in July, citing the tough economic times during the Covid-19 pandemic.

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