MX23RW : Friday, December 13 23:24:53| >> :120:9107:9107:

Newcastle announce new long-term commercial agreement amid takeover uncertainty

The Premier League is considering PCP Capital Partners' takeover bid.

Newcastle are pressing ahead with business as usual despite the ongoing uncertainty over the club's future ownership after signing a new long-term commercial agreement.

With PCP Capital Partners' largely Saudi-funded takeover attempt still being considered by the Premier League, the Magpies have announced an extended arrangement with primary partner FUN88, an Asian betting company whose name has appeared on the club's shirts and training kit since 2017.

The announcement comes as increasingly frustrated fans await a decision from league bosses over the Amanda Staveley-brokered £340million offer to finally take Newcastle off current owner Mike Ashley's hands.

Amanda Staveley is involved in the takeover
Amanda Staveley is involved in the takeover (Owen Humphreys/PA)

That process has been ongoing for more than three months amid debates over alleged TV piracy in the Middle East and political pressure over Saudi Arabia's human rights record.

To complicate matters, American businessman Henry Mauriss has registered his own interest in purchasing the Magpies.

Ashley, who is currently in the United States, has been trying to sell the club for much of his time on Tyneside, but has seen several previous attempts fall through and his patience is understood to be running short.

Mike Ashley is trying to sell Newcastle
Mike Ashley is trying to sell Newcastle (Dominic Lipinski/PA)

With the start of the new season likely to be less than two months away, decisions will have to be made soon over spending plans and recruitment, and much of the detail of that will depend on who remains at the helm.

Announcing the new sponsorship deal, managing director Lee Charnley said: "We are delighted FUN88 has renewed its relationship with Newcastle United and committed its support to the club over a number of years to come."

The news comes a week after MP Carolyn Harris, the chair of the gambling-related harm all-party parliamentary group, said she was confident a new Gambling Act will outlaw shirt sponsorship when it is passed in the autumn or early in the new year.

ID:407247: cacheID:407247:1false2false3false:QQ:: from db desktop :LenBod:restore:5393:
Written by
P A
Restore Data
Share this article now:
Newcastle manager Rafael Benitez watches his side take on Wolves on February 11, 2019
Read Next:
Magpies had to prioritise squad - Charnley hits back at Benitez criticism
>
rhs 2.0
Today's games header
FT
Rams
12-6
49ers
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool14112129111835
2Chelsea1594235181731
3Arsenal1585229151429
4Manchester CityMan City158342721627
5Nottingham ForestNott'm Forest157441918125
6Aston Villa157442323025
7Brighton & Hove AlbionBrighton156632522324
8Bournemouth157352320324
9Brentford157263128323
10Fulham156542220223
11Tottenham HotspurSpurs1562731191220
12Newcastle UnitedNewcastle155551921-220
13Manchester UnitedMan Utd155461918119
14West Ham UnitedWest Ham155372028-818
15Everton143561421-714
16Leicester CityLeicester153572130-914
17Crystal Palace152761420-613
18Ipswich TownIpswich151681427-139
19Wolverhampton WanderersWolves1523102338-159
20Southampton1512121131-205


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!