Newcastle have criticised the Premier League after it officially rejected Amanda Staveley’s Saudi-backed takeover of the club.
Newcastle owner Mike Ashley, who has been looking to sell the north-east club for well over a year, is understood to be considering his legal options.
Ashley is also understood to be extremely frustrated at the process, having attempted to resurrect talks over a potential sale.
Staveley has now twice failed to complete a takeover of Newcastle, having been previously unsuccessful in her attempts to buy the club in 2017.
A Newcastle statement read: “Newcastle United can confirm that the Premier League has rejected a takeover bid made by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF) based on its Owners and Directors test.
“This conclusion has been reached despite the club providing the Premier League with overwhelming evidence and legal opinions that PIF is independent and autonomous of the Saudi Arabian government.
“The club and its owners do not accept that Premier League chief executive Richard Masters and the Premier League have acted appropriately in relation to this matter and will be considering all relevant options available to them.
“Mike Ashley understands fans’ frustrations and would like to reassure them that he has been fully committed to ensuring this takeover process reached completion as he felt it was in the best interests of the club.
“Mike continues to be fully supportive to Steve Bruce, the players and all the staff and wishes them well for the upcoming season.”
The Premier League has declined to comment on the statement made by Newcastle.
Ashley is currently in Newcastle spending time with manager Steve Bruce and the club’s managing director, Lee Charnley.
He flew in by helicopter on Wednesday afternoon to meet the club’s three new signings – Callum Wilson, Ryan Fraser and Jamal Lewis.