NUFC dispute with PL over PIF takeover rejection - Lawyers at the ready

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NUFC dispute with PL over PIF takeover rejection - Lawyers at the ready

Post by Don Sholeone » Wed Sep 09, 2020 6:49 pm





https://www.nufc.co.uk/news/latest-news ... atement-1/
Newcastle United can confirm that the Premier League has rejected a takeover bid made by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF) based on its Owners and Directors test.

This conclusion has been reached despite the club providing the Premier League with overwhelming evidence and legal opinions that PIF is independent and autonomous of the Saudi Arabian government.

The club and its owners do not accept that Premier League chief executive Richard Masters and the Premier League have acted appropriately in relation to this matter and will be considering all relevant options available to them.

Mike Ashley understands fans’ frustrations and would like to reassure them that he has been fully committed to ensuring this takeover process reached completion as he felt it was in the best interests of the club. Mike continues to be fully supportive to Steve Bruce, the players and all the staff and wishes them well for the upcoming season.
Looks like its going to the courts.

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Sir Bobby
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Re: PIF Takeover Officially Rejected by PL

Post by Sir Bobby » Wed Sep 09, 2020 7:19 pm

Inject it into my veins

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Re: PIF Takeover Officially Rejected by PL

Post by lassassinblanc » Wed Sep 09, 2020 7:37 pm

Holy s*** things just got interesting
<ayo>
I'll Hazard a guess

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Re: PIF Takeover Officially Rejected by PL

Post by Bodacious Benny » Wed Sep 09, 2020 9:09 pm

Haha did anyone think it had any hope of happening? Will be funny if the PL get dragged through the courts and shown to be the utter shambles that they are.
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Re: PIF Takeover Officially Rejected by PL

Post by Don Sholeone » Wed Sep 09, 2020 9:31 pm

In a bizarre way this kinda makes it closer than ever to happening, I dont believe that the club, who is so reluctant to being open and transparent, would release a statement now after it was confirmed to be over weeks ago, there is literally no reason to unless the legal action was to go ahead. If I was to speculate the silence recently was because they were forcing the PL to come to a decision with the information they had. This way they have a launching point for an appeal or legal action and have nullified the argument that it was PIF that walked away.

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Re: PIF Takeover Officially Rejected by PL

Post by CIH » Wed Sep 09, 2020 9:48 pm

Personally I don't think the deal with PIF, at least in the current structure, will ever happen. But I like that the club are fighting it, or at least attempting to. I don't think Staveley will go away.

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Re: PIF Takeover Officially Rejected by PL

Post by Bodacious Benny » Wed Sep 09, 2020 9:55 pm

Maybe it’ll go through and Lewis, Fraser and Wilson were Ashley’s leaving present to us <roll>
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Re: PIF Takeover Officially Rejected by PL

Post by Captain Obvious » Wed Sep 09, 2020 10:48 pm

Very interesting

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Re: PIF Takeover Officially Rejected by PL

Post by Remember Colo » Thu Sep 10, 2020 12:09 am

This felt inevitable with so many powerful business people involved. Will be interesting to see where this goes.

I have thought it funny that for months fans talked up how excited they were to have a super filthy rich king as owner, and then when it came out that the biggest sticking point was whether the king (government) would be owner, fans were fast to suggest/believe he'd have no involvement/influence. Don't get me wrong, the league played this all wrong, and the process probably wasn't fit for purpose, but if the proponents want me to believe the KSA will have nothing to do with this, I have some swampland in Florida for Ashley to invest in.

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Re: PIF Takeover Officially Rejected by PL

Post by Don Sholeone » Thu Sep 10, 2020 9:38 am

Do people really think we are that important to KSA, that the government is going to be sat there saying hell forget all the other s*** we have to do like running a country! Tell us what right back Brucie would like us to buy!

The Bin Salman obsession was stupid, but id guess only a very small minority thought he'd be sat in he stands every week with his toon kit on screaming for the ref to f*** off.

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Re: PIF Takeover Officially Rejected by PL

Post by jpg » Thu Sep 10, 2020 10:14 am

Well I certainly haven’t missed the takeover chat.

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Re: PIF Takeover Officially Rejected by PL

Post by Colly » Thu Sep 10, 2020 10:18 am

jpg wrote:
Thu Sep 10, 2020 10:14 am
Well I certainly haven’t missed the takeover chat.
This.

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Re: PIF Takeover Officially Rejected by PL

Post by The Deluded Pablo Diego Jose Francisco » Thu Sep 10, 2020 11:11 am

jpg wrote:
Thu Sep 10, 2020 10:14 am
Well I certainly haven’t missed the takeover chat.
73 pages.... all for nothing <urgh>

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Re: PIF Takeover Officially Rejected by PL

Post by Tsi » Thu Sep 10, 2020 11:16 am

jpg wrote:
Thu Sep 10, 2020 10:14 am
Well I certainly haven’t missed the takeover chat.
That

For the first time in a long time like others have said the club showing competence in the transfer window, good signings, optimism, even excitement amongst fans then this raises its ugly head <erk>

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Re: PIF Takeover Officially Rejected by PL

Post by Don Sholeone » Thu Sep 10, 2020 11:17 am

It was pretty refreshing to have some sense of normality. Also I stupidly thought I was going to be bored on the football front now we have probably done all our transfer business. <laugh>

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Re: PIF Takeover Officially Rejected by PL

Post by Tsi » Thu Sep 10, 2020 11:19 am

The Deluded Pablo Diego Jose Francisco wrote:
Thu Sep 10, 2020 11:11 am
jpg wrote:
Thu Sep 10, 2020 10:14 am
Well I certainly haven’t missed the takeover chat.
73 pages.... all for nothing <urgh>
Maybe this thread will beat it <roll>

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Re: PIF Takeover Officially Rejected by PL

Post by Speedo » Thu Sep 10, 2020 2:03 pm

Image

Well this is going well, isn't it.
I had the first custom w***

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Re: PIF Takeover Officially Rejected by PL

Post by jpg » Thu Sep 10, 2020 2:08 pm

Well it’s barely been 24 hours and I’m already bored to tears by the whole thing after scrolling through Twitter.

Who honestly gives a toss anymore? Your typical NUFC journalist hasn’t got the foggiest and is just rehashing what the last journalist said.

Can’t we just go back to positive, out-of-character NUFC transfers?

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Re: NUFC Claim PIF Takeover Rejected by PL, PL Disagree

Post by Ramone » Thu Sep 10, 2020 2:50 pm

Just a load of s*** on all sides.

I still don't understand why the PL hasn't rejected the takeover if they have all these issues with it.
REQUIEM

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Re: NUFC Claim PIF Takeover Rejected by PL, PL Disagree

Post by Don Sholeone » Thu Sep 10, 2020 2:52 pm

I dont know the implications of such a move but it would be interesting if the club and PIF made their submitted information public.

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