Sport

American businessman wants to buy Newcastle United for £350m

American businessman Henry Mauriss has lodged a £350m bid to buy Newcastle United.

Should the proposed Saudi Arabian takeover led by Amanda Staveley fall through then Mauriss is waiting.

The Premier League is yet to make a decision on a proposed £300m deal which is 80% financed by Saudi Arabia’s Public Investment Fund. Their papers were lodged with the Premier League just over 10 weeks ago to be scrutinised for the owner’s and director’s test.

Mauriss, who is based in LA, is very interested and is prepared to move quickly if given an opportunity to be in place ahead of the start of next season.

Source: BBC

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