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Elephant

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Posts posted by Elephant

  1. Why can’t PIF just come out and publicly say the deal is dead and they are moving on, or they are taking these steps to try and revive it...

     

    They have already done that in July.

     

    “With a deep appreciation for the Newcastle community and the significance of its football club, we have come to the decision to withdraw our interest in acquiring Newcastle United Football Club,” it read. “We do so with regret, as we were excited and fully committed to invest in the great city of Newcastle and believe we could have returned the club to the position of its history, tradition and fans’ merit.

     

    “Unfortunately, the prolonged process under the current circumstances coupled with global uncertainty has rendered the potential investment no longer commercially viable. To that end, we feel a responsibility to the fans to explain the lack of alternatives from an investment perspective.

     

    “As an autonomous and purely commercial investor, our focus was on building long-term value for the club, its fans and the community as we remained committed to collaboration, practicality and proactivity through a difficult period of global uncertainty and significant challenges for the fans and the club.

     

    “Ultimately, during the unforeseeably prolonged process, the commercial agreement between the Investment Group and the club’s owners expired and our investment thesis could not be sustained, particularly with no clarity as to the circumstances under which the next season will start and the new norms that will arise for matches, training and other activities.

     

    “As often occurs with proposed investments in uncertain periods, time itself became an enemy of the transaction, particularly during this difficult phase marked by the many real challenges facing us all from Covid-19

     

    “We feel great compassion for the Newcastle United fans with whom we shared a great commitment to help Newcastle United harness its tremendous potential and build upon its impressive and historic legacy while working closely with the local community.

     

    “We would like to say that we truly appreciated your incredible expressions of support and your patience throughout this process. We are sorry it is not to be. We wish the team and everyone associated with it much good luck and success.”

  2. I’m sure Staveley and Ashley are doing all they can to lure PIF back - and that is why they haven’t withdrawn it from PL. PL has to make decision and legal actions will follow that.

     

    It’s reassuring that AS and MA are doing everything to get this done and it’s brilliant that fans are voicing their opinion about this. Hopefully Saudis see our support and give us one more chance. But I dont believe that they will.

  3. Staveley and Reubens can still put this back in play, if they can convince PIF to come in with smaller percentage (in the beginning). If Steveley and Reubens own more than 50% together, then PL can't see PIF as the main owner / director? O&D tests have been almost done, business plan is in play and Staveley is very determined to see this through. I see this unlikely, but considering all the work, if Staveley wants the takeover, this is the best shot in years. If they withdraw from O&D then they have to do it fully again next time.

     

    I see very unlikely that PIF / SA will play along anymore, but other option is obviously that Staveley and Reubens could still go and buy the club together if the can negotiate massive sponsorship deal with Saudis and later entrance for PIF. Would have been easier to do so earlier as it would be accepted without any doubt by PL.

     

    All speculation and I believe this 99% sure over for now, but Staveley will come back with new arrangements later, I'm sure of that.

  4. We waited for WTO report and expected decision shortly after. It's the same situation now, just this time it's PL ending. There is no indication however that the decision is coming this week, so it still might take months and months for this to happen. I am desperate for this to go through, but it has been so quiet lately and all to indications have been pointing towards Ashley era continuing.

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