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Newcastle’s £300m takeover ‘stalls indefinitely a club plan for next season with Ashley as owner’

Newcastle are planning for next season under Mike Ashley and Steve Bruce amid growing doubts over proposed £300m takeover. 

The deal has been complicated still further after Saudi Arabia permanently cancelled the license of beIN Sports to broadcast in the country.

Qatar-based beIN are the Premier League’s rights holders in the Middle East and this means there will be no legal means of watching top-flight football in Saudi.

Sources indicated at the start of the week that an announcement on the £300m Saudi-led takeover was close, and the expectation remained that it would be approved, in part because of government involvement behind the scenes. 

But the deal has stalled indefinitely and dashed Steve Bruce’s plea for ‘clarity’, according to the Daily Mirror.

Documents for the deal were passed to the league almost three months ago.

A Saudi Arabian bid, worth £300m, is awaiting approval via the Premier League’s owners’ and directors’ test. 

Bruce recently claimed it is a ‘myth’ that Newcastle United are ‘stagnating’ under Ashley’s ownership. 

Newcastle are currently 13th in the Premier League with 44 points and Bruce said: ‘We’ve got a chance to have our third-highest points total in last 13 or 14 years, and one of them we finished fifth.

‘So this myth the club is just stagnating – it’s not right. And it’s important we try to address that.

‘We’re trying to move forward. We’ve only been out of the Championship for three years.

‘So this myth that we’re just stagnating, and that we are just this horrible stale environment – it’s not right.

‘We’re gradually improving, and the more you’re in the Premier League, the more you improve, the better players you have – and that’s our aim to keep improving. And add a little bit more quality to us.’ 

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