By Craig Hope for MailOnline
Published: 20:31 BST, 9 September 2020 | Updated: 20:40 BST, 9 September 2020
Newcastle owner Mike Ashley has sensationally accused Premier League chief executive Richard Masters of not acting 'appropriately' after the club confirmed the Saudi-led takeover had been officially rejected - and he is now considering legal action.
The £300million deal collapsed in July when the consortium - including Amanda Staveley and the Reuben brothers - withdrew from the process, claiming they had grown frustrated with the League's refusal to accept that the buyers and the Saudi state were separate entities.
Ashley is understood to be furious with the Premier League and on Wednesday night released an explosive statement.
Mike Ashley accepted a £300m offer to sell Newcastle but it collapsed due to a stalemate over whether the Saudi Arabian state would be in control of the club
Newcastle are now taking legal advice after the Premier League formally rejected the takeover
Sportsmail understands Ashley has been told there is now a strong case for legal action against the League.
The statement read: