Newcastle United 'submit takeover paperwork' to Premier League

St James's Park.St James's Park.
St James's Park.
Newcastle United and Saudi Arabia’s sovereign wealth fund have submitted takeover paperwork to the Premier League, according to a report.

The Public Investment Fund (PIF) has been in talks over a takeover of the for-sale club.

The Daily Telegraph today claimed that paperwork over a sale was submitted to the Premier League last week by the would-be buyers AND the club.

Newcastle have made no comment.