×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

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.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in