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Newcastle United: Government hammered after big takeover claim involving PIF

Newcastle United: Government hammered after big takeover claim involving PIF - Newcastle United News

The UK government have been hammered after a big claim was made regarding the proposed £300m takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) consortium.

Speaking to The Chronicle, Newcastle Central MP Chi Onwurah has criticised the government for failing to answer a question that she has asked relating to a claim made by the Secretary of State for Digital, Culture, Media and Sport (DCMS) Oliver Dowden on the prospective deal between Mike Ashley and the KSA group.

Is the KSA takeover of Newcastle over?

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Onwurah said to the news outlet:

“The Secretary of State told a group of MPs he believed the Saudi PIF and the Crown Prince were separate entities, but now refuses to explain why, even though I am asking the question on behalf of many constituents and Newcastle United fans who have contacted me.

“The Premier League may not be accountable to fans, but the Government should be! I have put the same question to him more specifically and we will see if he answers this time!”

The uncertainty as to whether the KSA’s Public Investment Fund (PIF) and the crown Prince Mohammed bin Salman (MbS) were separate entities from each other was a large reason as to why the top flight decided to reject the takeover bid, but if more information and evidence can be gathered to show why they are separate, then it may well help the St. James’ Park faithful in terms of getting the deal back on track.

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Can the Newcastle takeover still happen?

The legal disputes between the Tyneside club and England’s highest division may well have to be settled in an arbitration hearing in front of a judge, and fans in the North East will be hoping that the entire issue can be resolved sooner rather than later.

In other news, find out when Ashley wants the takeover to be resolved by here!


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Article title: Newcastle United: Government hammered after big takeover claim involving PIF

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