One of the directors at the Newcastle Consortium Supporters Ltd (NCSL) has shed light on allegations made by both Newcastle United and the Kingdom of Saudi Arabia’s (KSA) Public Investment Fund (PIF) to do with the proposed £300m takeover.
As per The Shields Gazette, the St. James’ Park faithful believe that they have handed over legal proof that PIF are separate from the Saudi state and have thus fulfilled the requirements of the Owners’ and Directors’ Test (ODT) set out by the Premier League.
Is the KSA takeover of Newcastle over?
PIF briefs also told the English top flight that they could prove the separation in the summer by sending documentary evidence written in Saudi law, but those requests have since not come into any sort of fruition.
England’s highest division refused to comment on the allegations when contacted, although Keith Patterson, one of the directors at the NCSL, has said that there is ‘more to this than meets the eye’.
What could this mean for the Newcastle takeover?
An arbitration case may settle as to whether the ‘proof’ that the Tyneside club and PIF speak of does show that the latter is a separate entity from the Saudi state.
This would in turn likely fulfil the requirements of the ODT set out by the EPL, which could then eventually lead to the approval of the bid by the league.
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