Newcastle back to square one after Saudi takeover fails

Newcastle United head into the short Premier League close season surrounded by uncertainty after the collapse of the proposed Saudi takeover - with an owner who wants to sell the club but with no viable purchaser in place.MANCHESTER, England: Newcastle United head into the short Premier League close season surrounded by uncertainty after the collapse of the proposed Saudi takeover - with an owner who wants to sell the club but with no viable purchaser in place.

While there have been some reports of possible interest from potential purchasers in the United States, no actual proposal has appeared and sources close to the Saudi consortium said they never had to deal with any rival bid. Ashley has not taken the club off the market but his chances of finding a new buyer may be hampered by the economic uncertainty following the pandemic.

Newcastle have not featured in the Champions League since 2004 and have not won the English title since 1927 or FA Cup since 1955, despite claiming one of the country's largest fan bases.One of the key problems for the bid was the continued conflict over Saudi Arabia's response to cases of unauthorised broadcasting of Premier League games in the country — part of a long-running dispute between the kingdom and neighbouring Qatar.

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