Reuben brothers announce they are keen to be part of big Newcastle takeover
David and Simon Reuben have reiterated their hope to be part of a takeover of Newcastle United and invest in a “premier sports hub” in the North East.
It is understood the Premier League, which was conducting its owners’ and directors’ test on the bidders, had concerns that the Saudi Public Investment Fund was too closely linked to the kingdom’s rulers.
And after months of talks and frustration for the fans, they revealed just a few days ago that they would be pulling out of the deal to buy Newcastle for a total cost of £300 million.
But In a statement via Martin Cruddace, chief executive of the Reuben brothers-owned Arena Racing Company, their support for the deal was reiterated and they want talks with the Premier League to resume.
“As owners of Gosforth Park and Newcastle racecourse Arena Racing Company is very disappointed to learn that the bid to takeover Newcastle Football Club has been withdrawn,” Cruddace exclusive told Sky Sports News.
“Given our shareholders – the Reuben brothers – were to be an integral part of the deal we had many plans for our venues and sport in the North East.
“We were planning on creating one of the premier sporting hubs in the UK, undertaking development work that is vital for the region and enjoying valuable synergies with the Football Club. We continue to hope that those exciting plans are not in vain.
“We would welcome any resurrection of talks and progress with the Premier League and are aware that the Reuben brothers remain totally supportive of the deal should there be a way forward.”
Newcastle deserve to be taken over and pushed towards the top of the game, the fans want Ashley out, but also want owners that will invest in the club, will the Reuben brothers be able to have the funds to do that?