Liam Kennedy has revealed what the Premier League are disputing ahead of the expected court case regarding the proposed takeover of Newcastle United by the Kingdom of Saudi Arabian (KSA) group.
Writing in his latest piece for the Shields Gazette, all of the directors and organisations put forward have passed the Owners’ and Directors’ Test (ODT).
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However, the Premier League and Richard Masters will not sign off the prospective £300m deal between the Saudi-led consortium and Mike Ashley as they believe that the heads of the kingdom should be run through the tests, with the Middle Eastern crown prince Mohammed bin Salman (MbS) possibly being included in that list.
Indeed, MbS and his country’s Public Investment Fund (PIF) were due to hold a majority 80% stake in the Tyneside club should the takeover have gone through, with businesswoman/head of PCP Capital Partners Amanda Staveley taking 10% and the billionaire Reuben brothers, who are originally from India but now based in London, taking the final 10% share.
However, he has not been put through the ODT and so the EPL believe that he should do to see if he can be deemed a fit and proper owner.
Whether this will happen is another question, but there is certainly a dispute over certain aspects of the ODT which look as if they will need to be resolved in court.
Shaheed Fatima QC and Nick De Marco QC will be representing the Magpies and Ashley himself, according to London-based Blackstone Chambers, as members of the Toon Army will be hoping that they can finally win the battle against the EPL.
Geordies, do you think NUFC will win the case? Comment below with your views!
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