The Premier League and its chief executive Richard masters may be taken to court over the failure of the proposed takeover of Newcastle United by the Kingdom of Saudi Arabian (KSA) group, according to Sky Sports.
As per the outlet, the aborted £300 million deal between Mike Ashley and the Middle Eastern consortium could go before a High Court judge if legal proceedings are taken against the top flight and its CEO.
Are the Premier League to blame for the Newcastle takeover collapse?
Indeed, there was frustration from the would-be owners at St. James’ Park that England’s highest division were simply taking far too long to come up with their final decision over whether to approve of the takeover or not.
With the new 2020/21 season just around the corner from now, coupled up with the fact that the summer transfer window has officially opened, perhaps this is an understandable stance to take.
As a result, the buying side decided to withdraw their own bid, therefore putting the prospective takeover in jeopardy.
As per the letter, the Saudi-led consortium failed to give the information to the EPL about which entities would have control over the Tyneside club.
The deal then went into stalemate, but the league offered the would-be owners an arbitrary tribunal if it wished to challenge the conclusions of the board.
They did not wish to take the Premier League up on their offer, and as such the KSA Public Investment Fund (PIF) voluntarily withdrew from the whole takeover process.
Masters went on to say that if the top flight were given that information, then their board would have made their suitability decision accordingly.
However, it seems as if the disputes are ongoing, which may lead to a court case down the line to finally sort out what has arguably been a mess from start to finish.
Whether this potential case goes in the favour of the Magpies is another question, but it may resolve the whole saga once and for all.
Geordies, should the takeover case be taken to court? Comment below!
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