Newcastle United’s forecasted takeover by a Saudi Arabian-backed consortium hit a new snag on Wednesday.
The completion of the takeover deal between current Toon owner Mike Ashley and the Amanda Staveley-fronted PCP Capital Partners has been sluggish at best, with those involved yet to pass the Premier League’s owners and directors test.
With the pedestrian pace of the acquisition causing some Newcastle fans to fear the deal may fall through, news emerged on Wednesday morning that a fresh bidder has come forward.
CEO of US TV company Clear TV, Henry Mauriss, has reportedly submitted a £350m offer to buy Newcastle United, with intentions to acquire the club before the beginning of next season.
The 56-year-old’s offer is £50m higher than that agreed between Mike Ashley and the Saudis and comes in the same week the Arab state were criticised for their involvement in illegal broadcasting.
On Tuesday, the World Trade Organisation condemned Saudi Arabia’s role in assisting the transmission of pirate TV broadcasts.
This month marks 13 years since Mike Ashley took control of the football club.