Mark Douglas has made a claim on his official Twitter page about the proposed takeover of Newcastle United by the Kingdom of Saudi Arabian (KSA) group.
As per his tweet, The Chronicle journalist has claimed that “it’s over…but it’s not over” with regards to the prospective £300m deal between the Saudi-led consortium and Mike Ashley in reaction to a statement released by the Tyneside club.
It's over… but it's not over.#nufc implying this decision could be challenged and heavily critical of Richard Masters and @premierleague. With PIF, Reubens and Staveley still talking of their commitment, this could get messy…
— Mark Douglas (@MsiDouglas) September 9, 2020
As per the statement, the Magpies have confirmed that the Premier League and its chief executive have rejected the takeover bid which was made by the Middle Eastern crown prince Mohammed bin Salman (MbS), his country’s Public Investment Fund (PIF), businesswoman/head of PCP Capital Partners Amanda Staveley and the billionaire Reuben brothers, originally from India but now based in London.
Newcastle made this decision based on the Owners’ and Directors’ Test (ODT) that was made by the Premier League and its CEO in order to show if the would-be owners are fit and proper people to run a top-flight club.
Is the KSA takeover of Newcastle over?
The statement also claims that this conclusion has been reached despite NUFC providing the Premier League with overwhelming evidence and legal opinions that PIF is independent and autonomous of the KSA government.
The club do not believe that the EPL or Masters acted appropriately in relation to this matter and will be considering all of the relevant options available to them.
As Douglas points out, the decision to reject the takeover may well be challenged, meaning that the saga might not entirely be over just yet.
Geordies, should the club challenge the decision? Comment below with your views!
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