Newcastle United Football Club’s Takeover

In UK Allen & Overy, Dentons, Freshfields Bruckhaus Deringer LLP, Reed Smith, advised on the matter.

Allen & Overy advised Public Investment Fund with a team including Richard Evans (Equity Capital Markets).

Dentons advised St James Holdings with a team including Catherine Astruc (Equity Capital Markets), Matthew Tinger (Picture – Equity Capital Markets), Andrew Henderson (Real Estate).

Freshfields Bruckhaus Deringer LLP advised PCP Capital Partners with a team including Christopher Mort (Equity Capital Markets).

Reed Smith advised Reuben Brothers with a team including Michael Young (Equity Capital Markets).

Mike Ashley’s St James Holdings Limited finalized sale of Newcastle United (NUFC) to a joint venture involving the Public Investment Fund of Saudi Arabia, Amanda Staveley’s PCP Capital Partners and the Reuben Brothers following settlement of NUFC’s arbitration against the English Premier League. Mike Ashley has owned the English Premier League football club for 14 years.

The Public Investment Fund (PIF) of Saudi Arabia was established in 1971, and is that nation’s sovereign wealth fund. It provides financing for productive commercial projects that are strategically significant to the development of the Saudi Arabian economy.

PCP Capital Partners is a boutique international private equity firm that specialises in special situations across a diverse range of sectors and markets. Founded in 2005 by Amanda Staveley and co-led with Managing Partner Mehrdad Ghodoussi, the firm has offices in London, Abu Dhabi and Dubai. 

RB Sports & Media is part of Reuben Brothers, a family business that operates in private equity, real estate development, and debt financing. Its investments include racecourses, media businesses, pub companies, aerodromes, data centres – as well as investments in resources ranging from shipping to metals warehousing. 

The Reed Smith team that advised the Reuben Brothers Group on the acquisition and negotiated shareholder arrangements between the consortium was led in London by Global Corporate Group partner Mike Young, supported by senior associates Daryl Cue and Matthew Bowen.

Dentons’ team was led by Matthew Tinger, UK Corporate partner, with Andrew Henderson, UK Real Estate partner, UK Corporate senior associate Joseph Collingwood, Matthew Tinger and Andrew Henderson, Finance partner Catherine Astruc, Real Estate senior associate Abbey Wiggett and Corporate Associate Alex Brady.
Disputes partner Dan Bodle led on the arbitration for NUFC against the Premier League, assisted by counsel Matthew Vinall and associates Matthew Turner and Lara Armes-Venter.

Allen & Overy’s team, led by Richard Evans, advised PIF.

Freshfields’ team, led by Christopher Mort, advised PCP.

Involved fees earner: Richard Evans – Allen & Overy; Catherine Astruc – Dentons; Joseph Collingwood – Dentons; Andrew Henderson – Dentons; Matthew Tinger – Dentons; Abbey Wiggett – Dentons; Christopher Mort – Freshfields Bruckhaus Deringer LLP; Matthew Bowen – Reed Smith; Daryl Cue – Reed Smith; Michael Young – Reed Smith;

Law Firms: Allen & Overy; Dentons; Freshfields Bruckhaus Deringer LLP; Reed Smith;

Clients: PCP Capital Partners; Public Investment Fund; Reuben Brothers; St James Holdings;

Author: Giulia Di Palma