Ben Jacobs has relayed a claim on the proposed takeover of Newcastle United by the Kingdom of Saudi Arabian (KSA) group from a Premier League source on his official Twitter page.
According to a tweet from the Sports journalist, Jacobs claimed:
“PL source tells me it is NOT true all #NUFC listed directors passed O&D Test. “No determinations were made prior to the consortium’s withdrawal.” If directors had been cleared, with Al Rumayyan being most contentious from those listed, #NUFC would know. Easy for them to confirm.”
PL source tells me it is NOT true all #NUFC listed directors passed O&D Test. “No determinations were made prior to the consortium’s withdrawal.” If directors had been cleared, with Al Rumayyan being most contentious from those listed, #NUFC would know. Easy for them to confirm.
— Ben Jacobs (@JacobsBen) September 14, 2020
Indeed, this is contrary to a report from The Shields Gazette that claimed that all directors and organisations put forward have passed the Owners’ and Directors’ Test (ODT) set out by the top flight and Richard Masters as to deem whether the Saudi-led consortium were fit and proper owners to be running the Tyneside club.
However, England’s highest division will not sign off as they believe that the heads of the kingdom should be run through the tests, with Middle Eastern crown prince Mohammed bin Salman (MbS) to potentially be included in that list.
Are the Premier League to blame for the Newcastle takeover collapse?
Indeed, MbS and his country’s Public Investment Fund (PIF) were due to hold a majority stake of 80% at St. James’ Park should the prospective £300 million deal between Mike Ashley and the Saudi-led consortium have been approved by the EPL, but instead the league decided to reject the bid on the grounds of their ODT.
The businesswoman and head of PCP Capital Partners Amanda Staveley, as well as the billionaire Reuben brothers, who are originally from India but are now based in London, were also due to split the other 20% between them if the deal were to be given the green light.
However, it now looks as if the matter will go to court, and it is then anyone’s guess as to who will win that case.
Geordies, who do you think would win the case? Comment below!
Click here to comment on this articleor
Give us feedback on your Football Transfer Tavern experience