Premier League blast back at Newcastle over statement that they had rejected the failed £300m Saudi takeover… and claim the deal CAN still go ahead should the ‘appropriate information’ be provided
- The £300m deal collapsed in July when the consortium withdrew their offer
- Newcastle accused the Premier League of not having acted ‘appropriately’
- Richard Masters and the League have since hit back to express their surprise
The Premier League have labelled Mike Ashley’s claims that they blocked the proposed takeover of Newcastle United as ‘incorrect’ and say they are still waiting for ‘all appropriate information’ from the Saudi-led consortium.
The Newcastle owner issued a statement on Wednesday night in which he accused Premier League chief executive Richard Masters of not acting ‘appropriately’ and suggested he could take legal action.
But the League are said to be furious and have hit back, saying they are ‘disappointed’ and ‘surprised’ by Ashley’s public and personal attack on Masters.
Richard Masters and Premier League have said they are ‘surprised’ at Newcastle’s statement
Newcastle released a statement saying the £300m deal had been officially rejected by them
The £300million deal collapsed in July when the Saudi Public Investment Fund withdrew from the process citing economic reasons and frustration with the League’s refusal to accept that they and the Saudi state were separate entities. The consortium refused the League’s offer of independent arbitration.
Amanda Staveley – who was set to take a 10 per cent stake – has since tried to keep the deal alive and sources say the Saudis would have considered a return had the takeover been guaranteed approval.
But the process appears no further forward and the League’s statement on Thursday shifted the blame back to the door of the would-be buyers.
The deal collapsed in July when the consortium including Amanda Staveley withdrew
The League said: ‘The club’s assertion that the Premier League has rejected the takeover is incorrect.
‘The Premier League Board has, on a number of occasions, given its opinion about which entities it believes would have control over the club should the consortium proceed with the acquisition. That opinion is based on legal advice.
‘This means the potential takeover could proceed to the next stage should the relevant entities provide all appropriate information. They would then be subject to a suitability assessment by the Board. As an alternative, the Board has repeatedly offered independent arbitration as a way forward since June.’
Mike Ashley also accused the League of acting inappropriately and hinted at legal action