An Independent Football Ombudsman (IFO) is set to talk to the Premier League after the failed takeover of Newcastle United by the Kingdom of Saudi Arabian (KSA) group.
As per an email outlined by the Newcastle United Supporters Trust (NUST) to Professor Derek Fraser, the Ombudsman, he will (via The Chronicle) advise the top flight to make a statement to the fans of the Tyneside club to explain how the whole case was handled.
Are the Premier League to blame for the Newcastle takeover collapse?
Indeed, the Saudi-led consortium cut the wire on their own £300 million deal with Mike Ashley due to frustrations over just how long it was taking for England’s highest division to make their final decision.
As the new 2020/21 season is fast approaching, coupled up with the fact that the summer transfer window has officially opened, perhaps this is understandable given the uncertainty growing at St. James’ Park.
It now looks likely that Steve Bruce will have to adjust his plans for potential new signings on a fixed budget rather than the plethora of riches that the Englishman was likely to get from the prospective takeover.
The buying side, which consisted of the Middle Eastern crown prince Mohammed bin Salman (MbS), his country’s Public Investment Fund (PIF), the businesswoman and head of PCP Capital Partners Amanda Staveley and the billionaire Reuben brothers, who are originally from India but are now based in London, all have deep pockets between them and so would have had plenty of disposable income to fund any potentially expensive deals.
However, this looks to be all but a dream now, as the IFO and the Toon Army look for answers from the EPL.
Geordies, can you see any sign of the takeover being resurrected? Comment below!
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