The Premier League have denied recent claims from Newcastle that they denied a Saudi-backed take-over from happening.
The Premier League have cleared the air over recent allegation from Newcastle owner Mike Ashley.
Over the past few months, a proposed take-over of Newcastle has been in the pipeline. But, several delays and ‘requirements’ from the League’s body saw that move stall.
Yesterday, Newcastle owner Mike Ashley released a statement saying the Premier League have not acted appropriately regarding the take-over. The 56-year-old even threatened legal action too.
Just less than 24 hours after, the Premier League have come up with a counter-statement of their own saying they have not ‘denied’ the take-over from happening.
“The Premier League was disappointed and surprised by the Newcastle United Football Club statement regarding its potential takeover by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF).” a statement read as quoted by the Guardian.
“The club’s assertion that the Premier League has rejected the takeover is incorrect.”
“The Premier League Board has, on a number of occasions, given its opinion about which entities it believes would have control over the club should the consortium proceed with the acquisition. That opinion is based on legal advice.”
“This means the potential takeover could proceed to the next stage should the relevant entities provide all appropriate information.”
“They would then be subject to a suitability assessment by the Board. As an alternative, the Board has repeatedly offered independent arbitration as a way forward since June.”
“It is also incorrect to suggest these decisions were taken by any individual; they were agreed unanimously by all Premier League Board members.”
The saga between both parties will continue to drag on. However, the Saudi-backed consortium look to have given up on their take-over of Newcastle.
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