Craig Hope has claimed on his official Twitter page that he does not think that the proposed takeover of Newcastle United by the Kingdom of Saudi Arabian (KSA) group will be revived.
After reporting that Mike Ashley had been told that he had a strong case to take legal action against the Premier League as the Tyneside club accused its chief executive Richard Masters in an official statement on their website of not acting appropriately during the failed £300 million takeover attempt by the Saudi-led consortium.
However, in response to his article, The Daily Mail journalist claimed in a tweet:
“I do not think this means takeover will be revived. Saudi withdrew, don’t forget, citing economic factors. Without them there is no takeover. This is Ashley airing his frustration & letting it be known he was committed to sale. It also cleverly unites him & NUFC fans against PL.”
I do not think this means takeover will be revived. Saudi withdrew, don't forget, citing economic factors. Without them there is no takeover. This is Ashley airing his frustration & letting it be known he was committed to sale. It also cleverly unites him & NUFC fans against PL. https://t.co/Zq79VE0cKM
— Craig Hope (@CraigHope_DM) September 10, 2020
Indeed, the statement that was released by the Magpies was rather brutal, as it claimed that the conclusion reached to reject the takeover bid based on the Owners and Directors Test (ODT) set out by the top flight had been reached despite the Toon providing England’s highest division with overwhelming evidence and legal opinions that PIF is independent and autonomous of the KSA government.
Are the Premier League to blame for the Newcastle takeover collapse?
The statement went on to claim that the club and its owners do not accept that the EPL and indeed its CEO have acted appropriately in relation to this matter and will be considering all relevant options available to them.
Indeed, this may well lead to legal action as Hope stated in his piece for the Mail, but the football journalist has claimed that any legal action will not lead to the prospective takeover being revived, which will come as a bit of a blow to the NUFC fans.
Geordies, do you think the takeover can be revived? Comment below!
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