Jason Burt does not think that the whole takeover saga with Newcastle United is over just yet after he reacted to an official statement made by the Tyneside club on his official Twitter page.
As per the tweet from The Telegraph journalist, Burt claimed: “I knew they were trying to get the takeover back on… it does not sound like it is the end of the matter either.”
I knew they were trying to get the takeover back on… it does not sound like it is the end of the matter either… https://t.co/3IjX2xbKlr
— Jason Burt (@JBurtTelegraph) September 9, 2020
According to the statement, the Toon confirmed that the Premier League had rejected the takeover bid made by the Saudi-led consortium, which consisted 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 Reuben brothers, originally from India but now based in London.
Is the KSA takeover of Newcastle over?
Newcastle claimed that this conclusion had been reached despite the club seemingly providing the Premier League and its chief executive Richard Masters with overwhelming evidence and legal opinions that PIF is independent and autonomous of the KSA government.
The statement added that the club and its owners do not accept that the EPL and Masters have acted appropriately in relation to this matter and will be considering all relevant options available to them.
As Burt suggests, perhaps this is not the end of the takeover saga just yet as Newcastle ponder challenging the decision from the EPL.
Whether this will reverse it is another question, but the saga does not seem to be over quite yet.
Geordies, do you think the takeover could be resurrected? Comment below with your views!
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