Premier League’s fresh 34-word reaction to NUFC litigation over £300m Saudi takeover – originally posted on Sportslens.com
The Premier League have reacted to Newcastle United’s litigation after Saudi Arabia-led £300 million takeover fell through last July.
Saudi’s Public Investment Fund, PCP Capital Partners owner Amanda Staveley and the Reuben Brothers withdrew from the process to buy the St. James’ Park outfit following 16 weeks of trying to scale through the Premier League’s Owners’ and Directors’ Test.
Newcastle owner Mike Ashley had agreed to sell the club to PIF and is still hoping that a deal can be revived as he remains determined to cash in on the Magpies.
The businessman is waiting for an arbitration hearing against the Premier League in a bid to have the takeover approved, but it appears that the English top-flight are confident of winning the case.
The league have published their accounts for the 2019-20 campaign, and they reacted to Newcastle’s litigation in 34 words:
Premier League paid £13 million for referee services. Also makes reference to the Newcastle litigation and PIF takeover but claims to be confident of winning. pic.twitter.com/CV1cOqGQw5
— PriceOfFootball (@KieranMaguire) April 22, 2021