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Newcastle takeover news LIVE: Henry Mauriss latest as United look to signings

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Amanda Staveley, the Reuben brothers and the Saudi Public Investment Fund have pulled out of a deal to buy Newcastle United

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Welcome to our Newcastle United live blog for Friday, July 31.

The Saudi Arabian-backed takeover of the Magpies is OFF after the bidders pulled out of the deal.

In a statement to ChronicleLive, the would-be owners said: "Ultimately, during the unforeseeably prolonged process, the commercial agreement between the Investment Group and the club's owners expired and our investment thesis could not be sustained, particularly with no clarity as to the circumstances under which the next season will start and the new norms that will arise for matches, training and other activities."

You can read the full statement here.

We will have all of the updates throughout the day as the fallout from a devastating day continues.

Follow live updates below or get the latest NUFC news straight to your inbox by signing up to our newsletter.

21:37Mark Douglas

Petition to the Premier League

This is now heading towards the 30,000 mark. They are calling for an independent investigation into the Owners and Directors tests.

You can add your name here.

21:33Mark Douglas

Mauriss bid 'a way off'

From the Times.

Hopes of a new takeover by a rival American consortium headed by Henry Mauriss appear a long way off and Lee Charnley, Newcastle’s managing director, said the club would now focus on buying new players for the manager, Steve Bruce. However, Charnley insisted that Ashley, owner of the Sports Direct chain, remained committed to the Saudi deal.

21:33Mark Douglas

Morning all

It's now the third day of the fall out from the collapse of the Saudi-backed consortium.

Yesterday saw the first statement from Newcastle United but we still have silence from the Premier League. We'll re-contact them today...

The scene ahead of Newcastle United's game against Aston Villa at St James' Park on June 24

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