The Saudi Arabia-led takeover of Newcastle United could be completed within the next fortnight. The PA news agency reported on Monday that the Premier League's owners and directors test is the final hurdle to clear before the £300 million (Dh1.36 billion) deal is complete. And it is not expected that the league will intervene in the deal. Newcastle, currently owned by UK businessman Mike Ashley, are still refusing to make any comment on the proposed takeover. Yasir Al Rumayyan, the governor of the Saudi Arabian Public Investment Fund (PIF) which will take an 80 per cent stake in the club should the deal go through, would become chairman. Crucially though, it is understood there will be no knee-jerk decisions regarding other senior staff either on the business or the football side, which includes manager Steve Bruce. Managing director Lee Charnley will be leaving the club after a handover period. Supporters can expect significant investment in the playing staff but also in other areas, though the new owners are said to be very mindful of the requirements to meet financial fair play regulations both at domestic and European level. Current owner Ashley has been paid a non-refundable £17m deposit from the new owners, with the remaining £283m due on completion. As well as the Saudi PIF, 10 per cent of the club will be owned by PCP Capital Partners – headed by financier Amanda Staveley – and the remaining 10 per cent by property tycoons the Reuben brothers. Newcastle currently sit 13th in the table, eight points clear of the relegation zone, and are set to take on Manchester City in the quarter-final of the FA Cup at St James' Park when English football resumes after the coronavirus shutdown. Meanwhile, the current Newcastle owners are believed to have delayed contract meetings for Andy Carroll and Matty Longstaff. Tyneside newspaper <em>The Chronicle</em> reported on Monday that representatives of midfielder Longstaff have been told to wait for takeover news before negotiations on a contract extension can restart. The 20-year-old's contract is up at the end of June, while striker Carroll finds himself in an even more complicated situation due to the shutdown. Carroll, 31, needs a certain amount of appearances to automatically trigger a new deal but his contract also features a clause that allows Newcastle can agree to a one-year extension at any point.