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Takeover Thread - July 1st statement, Staveley letter to Tracey Crouch (and response) in OP

Yorkie

by Yorkie
in Football

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Will the takeover be complete by this summer?  

312 members have voted

  1. 1. Will the takeover be complete by this summer?

    • Yes
      87
    • No
      183

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gjohnson

gjohnson

Posted
Posted

I’d have loved it though if the Premier League’s statement had simply been ‘Mike Ashley has repeatedly and intentionally misled the press, public and the fans of Newcastle United'

 

Ironic thing is if they'd just released that they'd probably be getting less heat

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Stifler

Stifler

Posted
Posted

Ashley should just sell and the owners dare the Premier League to throw us out/suspend us.

They have lost £500m in the last week due to the Chinese TV deal being thrown out, the local broadcasters are probably pissed that they are likely having to show every game all season, everyone except BeIN would be pissed if there was a team missing and a spare game every weekend.

Do they deal, dare the Premier League, and drag it through the courts.

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Menace

Menace

Posted
Posted

Ashley should just sell and the owners dare the Premier League to throw us out/suspend us.

They have lost £500m in the last week due to the Chinese TV deal being thrown out, the local broadcasters are probably pissed that they are likely having to show every game all season, everyone except BeIN would be pissed if there was a team missing and a spare game every weekend.

Do they deal, dare the Premier League, and drag it through the courts.

 

Yes mate the Saudis will definitely want a team that isn't even allowed to play in the prem.

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ED209

ED209

Posted
Posted

Money Mike is possibly one of the best parodies going. If Ashley actually conducted himself the same way I'd probably respect him more  :lol:

 

It’s really Ashley. It’s an amazing double bluff in a world where the truth is stranger than fiction

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mouldy_uk

mouldy_uk

Posted
Posted

Money Mike is possibly one of the best parodies going. If Ashley actually conducted himself the same way I'd probably respect him more  :lol:

 

It’s really Ashley. It’s an amazing double bluff in a world where the truth is stranger than fiction

 

That would be the best reveal ever :)

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Skeletor

Skeletor

Posted
Posted

Money Mike is possibly one of the best parodies going. If Ashley actually conducted himself the same way I'd probably respect him more  :lol:

 

It’s really Ashley. It’s an amazing double bluff in a world where the truth is stranger than fiction

 

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NE27

NE27

Posted
Posted

Money Mike is possibly one of the best parodies going. If Ashley actually conducted himself the same way I'd probably respect him more  :lol:

 

 

That is pretty much how he conducts himself. :lol:

 

He does, but money Mike tells it how it is, Mike does it on the sly and makes excuses.

 

Just come out and tell the fans who buy ST's are a bunch of idiots :lol:

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Tribesman

Tribesman

Posted
Posted

From The Guardian.

 

The three players signed by Newcastle for a total approaching £40m in recent days featured on the shopping list drawn up by the Saudi Arabian-led consortium which retains hope, albeit slender, of buying the club from Mike Ashley.

 

It is understood Callum Wilson and Ryan Fraser, the striker and winger acquired from Bournemouth, and Jamal Lewis, the left-back bought from Norwich, were identified as transfer targets by advisers to the prospective new owners last spring when the £300m takeover appeared to be a formality.

 

Given that Wilson is 28, Fraser 26 and all three are British, their arrivals marked a departure from the general transfer policy followed under Ashley, whereby new players have tended to be aged under 25 and, often, from overseas.

 

With Steve Bruce, Newcastle’s manager, an enthusiastic advocate of signing a trio he had long coveted, plans to recruit them were activated as discreet behind-the-scenes talks involving a consortium comprising Saudi’s Public Investment Fund (PIF), Reuben Brothers and Amanda Staveley’s PCP Capital Partners continued.

 

Although the consortium announced it was withdrawing from the process in July, Ashley almost immediately attempted to revive the buyout and private negotiations swiftly resumed. For a while there was optimism the takeover would finally be approved but, with the Premier League still not satisfied by new documents supplied by the consortium and high-level intermediaries struggling to broker a solution, the talks foundered this week.

 

On Wednesday Ashley instructed Newcastle to release a perhaps deliberately provocative statement claiming the Premier League and, in particular, Richard Masters, its chief executive, had not “acted appropriately” in turning down the deal. Less than 24 hours later the league hit back, insisting the retail tycoon was being economical with the truth and the buyout could, theoretically at least, be revived.

 

In a statement it said: “The Premier League was disappointed and surprised by the Newcastle United statement. 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. It is also incorrect to suggest these decisions were taken by any individual; they were agreed unanimously by all Premier League Board members.”

 

Sources close to the deal confirmed the takeover had not technically been rejected but Ashley – apparently considering taking legal action – is believed to have felt it had effectively been blocked in a manner which prevented Newcastle from mounting an appeal. Unless the Premier League formally vetoes a takeover the appeal process cannot be initiated.

 

Although in one sense the league’s response escalated an extraordinary war of words with one of its stakeholders – and emphasised its unhappiness at what is perceived as a personal attack on Masters – its statement arguably also contained a concealed olive branch.

 

Given that PIF planned to invest hundreds of millions of pounds in the wider north-east economy, the UK government is understood to have hoped the consortium would replace Ashley on Tyneside but the Premier League remains unconvinced PIF – destined for an 80% controlling stake – is autonomous of the Saudi government.

 

Much hinges on proving the existence of a legal separation between PIF and the kingdom’s government in a contentious bid beset by human rights controversies and problems surrounding broadcast piracy experienced by Qatar, whose beIN Sports has a £500m overseas rights contract with the Premier League.

 

If PIF’s apparent reluctance to compromise adds further complication, it retains a strong interest in buying Newcastle and Ashley remains anxious to sell.

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relámpago blanco

relámpago blanco

Posted
Posted

Just let it go through ffs and end this bollocks.  It's obviously going to go through in the end.  It's just a shit load of red tape on the premier leagues side as a number of clubs have clearly complained to the Premier League as maybe the ownership isn't inline with the current owners and directors test but then if this is how it is going then the test needs to be performed on current owners as Man City's owners would not pass and it's unfair that we can't be taken over from an almost identical ownership that Man City have.  Who are the Premier League protecting here?  Man City? Liverpool? Chelsea? Spurs?

 

Certainly not Newcastle United or our region in general.

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Robster

Robster

Posted
Posted

As that Money Mike Ashley feed has always just been a piss take feed and never at any time used for wind ups or ITK, that 2nd tweet is bizarre and intriguing in equal measure.

There's no basis to believe it at all; just have to tell myself it's just more Twitter bollocks.

As you say Charlies[/member] , cant help but lean towards thinking it's him :lol:

The whole feed is a work of genius :lol:

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Ryan

Ryan

Posted
Posted

As that Money Mike Ashley feed has always just been a piss take feed and never at any time used for wind ups or ITK, that 2nd tweet is bizarre and intriguing in equal measure.

There's no basis to believe it at all; just have to tell myself it's just more Twitter bollocks.

As you say Charlies[/member] , cant help but lean towards thinking it's him :lol:

The whole feed is a work of genius :lol:

 

MBS met with Boris Johnson on 2nd September I think.

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Super Duper Branko Strupar

Super Duper Branko Strupar

Posted
Posted

I dont see how it makes any sense for NUFC to release a statement saying the bid had been rejected if indeed Stavely and PIF had not been back in. Surely that would infuriate them? It's also alluding to the fact the the PL have said PIF and KSA are not sufficiently independent which is why the PL rejected it. Again, a fucking ridiculous political move by NUFC if the second attempt and whatever kind of rejection wasn;t true.

 

None of this makes any sense. Someone's lying and whoever it is is going to look fucking horrific.

 

Odds on it's us.

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Bimpy474

Bimpy474

Posted
Posted

I dont see how it makes any sense for NUFC to release a statement saying the bid had been rejected if indeed Stavely and PIF had not been back in. Surely that would infuriate them? It's also alluding to the fact the the PL have said PIF and KSA are not sufficiently independent which is why the PL rejected it. Again, a fucking ridiculous political move by NUFC if the second attempt and whatever kind of rejection wasn;t true.

 

None of this makes any sense. Someone's lying and whoever it is is going to look fucking horrific.

 

Odds on it's us.

 

I feel like this is my entire Newcastle Utd supporting life  :lol:

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