Premier League CEO responds to plea for clarity over Newcastle United takeover

Richard Masters File Photo

Premier League chief executive Richard Masters has broken his silence on Newcastle’s stalled takeover to confirm that the buyers declined an offer of independent arbitration.

A consortium comprising Saudi Arabia’s Public Investment Fund, the Reuben Brothers and Amanda Staveley’s PCP Capital partners withdrew its £340million offer for the club last month after waiting in vain for permission from the governing body to complete a deal which was presented to it 17 weeks ago.