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Newcastle United: Richard Masters pressured for takeover answers

Newcastle United: Richard Masters pressured for takeover answers - Newcastle United News

Richard Masters has been pressured to give answers to the public by Gateshead MP Ian Mearns, coming after news emerged that the Foreign Office and Premier League met to discuss the proposed takeover of Newcastle United.

As per The Chronicle, the Foreign Office confirmed that there were two meetings with the English top flight in order to to discuss the ¬£3oom takeover attempt of Newcastle United by the Kingdom of Saudi Arabia (KSA) group, despite the fact the Government has always maintained that it was ‘clear’ with the the PL that they would not get involved in the prospective deal involving.

Are the Premier League to blame for the Newcastle takeover collapse?

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Yes

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Now, Mearns, who is the MP for Gateshead, has written a letter to the chief executive of the league in Masters to demand that the details of those meetings be shared with the public, via The Chronicle.

It appears the owners and directors test (ODT) is once again the primary talking point, as Mearns noted: “All fans should be entitled to transparency, especially when the Premier League are taking meetings with the Government in connection with a test that even the Government have stated is a matter solely for the Premier League.”

Can the Newcastle takeover be revived?

Assuming that the pending arbitration case between the St. James’ Park faithful and the league does go ahead, then that will surely give more clarity as to whether the takeover bid can be revived or not.

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As journalist Ben Jacobs noted this week, If the Tyneside club were to win that legal battle, it would not ensure a successful takeover, but the next step would be to get original consortium members back on board, including the KSA’s Public Investment Fund (PIF), in order to try and push through the deal.

In other news, find out who has been identified as a possible Steve Bruce successor here!


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Article title: Newcastle United: Richard Masters pressured for takeover answers

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