Martin Cruddace (CEO Arena Racing Company):
"As owners of Gosforth Park and Newcastle racecourse, Arena Racing Company is very disappointed to learn that the bid to takeover Newcastle Football Club has been withdrawn.

"We were planning on creating one of the premier sporting hubs in the UK, undertaking development work that is vital for the region and enjoying valuable synergies with the Football Club. We continue to hope that those exciting plans are not in vain.

"We would welcome any resurrection of talks and progress with the Premier League and are aware that the Reuben brothers remain totally supportive of the deal should there be a way forward."
Martin Cruddace