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Newcastle United: Premier League under more pressure to give answers on takeover as MP writers letter to DCMS

Newcastle United: Premier League under more pressure to give answers on takeover as MP writers letter to DCMS - Newcastle United News

The Premier League (EPL) have been put under more pressure to give answers as to why they took so long to make their final decision on the proposed takeover of Newcastle United as a Member of Parliament (MP) has written an official letter to the Digital, Culture, Media and Sport (DCMS) Committee, according to The Chronicle.

As per the outlet, MP Ian Lavery’s letter has called for the league’s chief executive Richard Masters and his fellow EPL chiefs to explain why the hopes of the Tyneside club with regards to the prospective takeover hit the buffers.

Is the Saudi takeover of Newcastle saga over?

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Yes

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The MP for Wansbeck has asked as to why the £300m deal between Mike Ashley and the Kingdom of Saudi Arabian (KSA) group just collapsed rather than pushing for a decision either way.

However, with Parliament currently in recess, the possibility of an investigation into the takeover process by the Premier League and its CEO may not be able to take place until next month at the earliest when all of the MPs return.

Indeed, the Saudi-led consortium, which consists of 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 London-based Reuben brothers, have made their intent clear that “the fight must go on” with regards to getting their bid over the line.

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However, whether the letter sent by Lavery to the DCMS puts any more pressure on the EPL is another question, but nevertheless the pressure is certainly starting to crank up.

Geordies, can you see the takeover being resurrected? Comment below with your views!


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Article title: Newcastle United: Premier League under more pressure to give answers on takeover as MP writers letter to DCMS

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