Ben Jacobs has dropped a claim on the potential takeover of Newcastle United as news emerged involving Amanda Staveley.
The Lowdown: Staveley’s letter
As per Sky News, Staveley – the businesswoman and head of PCP Capital Partners who is part of the Kingdom of Saudi Arabia (KSA) group looking to take over at St. James’ Park – has written a letter to Tracey Crouch, the MP leading a government-commissioned review of football’s governance.
In this letter, she has accused the Premier League of a ‘closely guarded lack of transparency’ ahead of their upcoming arbitration case over the failed takeover deal between Mike Ashley and the consortium.
Is the KSA takeover of Newcastle over?
She also argued that the administrator of the Premier League has raised ‘an effective shield against public scrutiny’, and admitted that there is ‘real urgency’ with regards to trying to get their bid over the line.
Jamie Reuben, the wealthy businessman who is also part of the consortium, is thought to be supportive of Staveley’s letter.
The Latest: Jacobs reacts
Jacobs, a sports journalist who has been closely following all of the latest developments in the takeover saga, has since taken to Twitter to give his overall reaction to the letter which was released.
He claims that both that the letter from Staveley and the statement from Newcastle calling for the arbitration process to be made public ‘can be seen as either confident and confrontational or just a little desperate’.
Jacobs added that Staveley ‘will need a cordial working relationship’ with the Premier League if the takeover succeeds, meaning that her criticism at this stage of the process is ‘significant’.
The Verdict: Significant indeed
As Jacobs points out, it certainly seems significant that Staveley has felt the need to send this letter so close to the start of the arbitration hearing, especially since she will need the support of the Premier League if the result is to go in her favour.
If the Tyneside club end up winning the case, then it may be difficult for them to get the Premier League on their side, given that both their statement and Staveley’s letter have effectively criticised them for their handling of the process so far.
Nonetheless, a solution will have to be worked out with the top flight if the Magpies are successful, and the sooner the better, so that the takeover process can be accelerated.
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