Reuben Brothers publishes deal to support Newcastle buyout declaration to be revived

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The Reuben brothers have broken their silence over the failed takeover bid for Newcastle United, reaffirming their support for the deal. The take-over bid failed on Thursday when the consortium pulled out after the PIF became frustrated with the lack of progress with owner and administrator testing.

But Mike Ashley, Amanda Staveley and – via sources – the PIF have all suggested remaining committed to the £ 305million deal, raising hopes that it could still be resurrected.

In a statement released to Sky Sports, the Reubens have now added their support for the deal if it can be reactivated.

Martin Cruddace, CEO of Reuben Brothers’ Arena Racing Company, said: “As owners of the Gosforth Park and Newcastle Racecourse Arena companies, we were very disappointed to learn that the Newcastle Football Club takeover offer had been withdrawn as our shareholders the Reuben Brothers were to be an integral part of the agreement.

New takeover of Newcastle United

“We had many projects for our businesses and our sport in the North East. We were planning to create one of the main sports centers in the UK, undertaking vital development work for the region and taking advantage of valuable synergies with the football club.

“We continue to hope that these exciting plans are not in vain. We would welcome any resurrection of talks and progress with the Premier League and recognize that the Reuben Brothers remain fully in favor of the deal if there was a way forward. ”

This may well be intended to put even more pressure on the gaming authorities, who have been called upon to be clear on what happened in the four months in which the testing took place.



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Staveley spoke of the Premier League’s refusal to make a decision, while the PIF said they answered questions put to them.

The new declaration doesn’t change much – we already knew all parties were committed to the deal – but it does mean it apparently keeps the deal alive.

Somehow, this story continues to rumble – with the possibility of a resolution not yet ruled out.

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