Key Newcastle Consortium Supporters Limited (NCSL) figure Keith Patterson has shared a quite shocking takeover revelation involving three Premier League clubs.
Speaking to The Shields Gazette, he revealed that part of the Kingdom of Saudi Arabia (KSA) consortium looking to buy Newcastle United had already approached Liverpool before the Tyneside club, but there was confusion as to which party exactly walked away from the deal.
Are the Premier League to blame for the Newcastle takeover collapse?
Spurs also apparently approached investors in that particular region just two months before the £300m deal between Mike Ashley and the KSA group was ironed out, but talks broke down in March 2019 to buy the football club for £2.5bn, with a further £1bn in add-ons.
The deal was taken to the investors in the KSA, by a dealmaker named as Eldridge Investments, but was rejected.
Patterson claims that people are trying to stop the deal to take over at St. James’ Park from going through, and following on from his letter to the chief executive of the top flight Richard Masters that stated that both clubs were opposed to the deal, he added that “something is really not right” with the whole saga.
Insight into Manchester City’s takeover
Indeed, Patterson also gave some insight into the takeover of Man City. According to his sources, the Abu Dhabi royal princes have never been asked to become directors, but the Saudi princes have because the KSA’s Public Investment Fund (PIF) want to buy the Magpies.
Indeed, this puts a question mark over the EPL’s Owners’ and Directors’ Test (ODT), and asks further questions as a whole as to why the league rejected the proposed takeover of the Toon Army.
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