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


Yorkie

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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- A nation state who have their swords up the governments arse

- The government

- The richest Jews in Britain

- The Messi of football law

- The biggest cnut in sports retail

 

Only where NUFC is concerned could that lot somehow not have the political leverage to get this done in two minutes.

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- A nation state who have their swords up the governments arse

- The government

- The richest Jews in Britain

- The Messi of football law

- The biggest cnut in sports retail

 

Only where NUFC is concerned could that lot somehow not have the political leverage to get this done in two minutes.

 

Areet Jeremy

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- A nation state who have their swords up the governments arse

- The government

- The richest Jews in Britain

- The Messi of football law

- The biggest cnut in sports retail

 

Only where NUFC is concerned could that lot somehow not have the political leverage to get this done in two minutes.

 

Areet Jeremy

[in ny hasidic accent] what, you would prefer the poorest jews instead?
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“Nevertheless, the club will continue to use its best efforts to press for a fair, full and timely hearing of its claim.” Any such process would require pre-hearing disclosure from both parties and sources close to the failed deal suspect the Premier League is anxious to avoid the need to make such revelations.

 

Given that PIF had pledged to invest hundreds of millions of pounds in regenerating the north-east and are believed to remain committed to the idea of buying Newcastle, the government is understood to harbour hope that the takeover can be resurrected. Indeed high-level intermediaries are believed to be engaged in on-going efforts to negotiate a compromise."

 

https://www.theguardian.com/football/2020/nov/19/mike-ashley-steps-up-legal-pressure-over-failed-saudi-takeover-of-newcastle?CMP=share_btn_tw

 

Interesting. But please dont let this start to play out in the media again.

 

Looking at that though, it looks like new year could be when the case is heard.

 

Nah you missed the killer line - 'Any such process would require pre-hearing disclosure from both parties and sources close to the failed deal suspect the Premier League is anxious to avoid the need to make such revelations.  So according to the PL handbook, both sides have 14 days to assign people, and then another 14 days for chair and then 14 days to disclose info.  If PL don't want to disclose this could be done and dusted in time for Jan transfer window  :drool:

 

This is clearly where the confidence comes from, certainly ties in with everything mimms has posted.

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- A nation state who have their swords up the governments arse

- The government

- The richest Jews in Britain

- The Messi of football law

- The biggest cnut in sports retail

 

Only where NUFC is concerned could that lot somehow not have the political leverage to get this done in two minutes.

 

This lad has potential welcome aboard.

 

Maybe 2nd richest family in U.K. would have been less controversial though  :lol:

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- A nation state who have their swords up the governments arse

- The government

- The richest Jews in Britain

- The Messi of football law

- The biggest cnut in sports retail

 

Only where NUFC is concerned could that lot somehow not have the political leverage to get this done in two minutes.

 

:lol:

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- A nation state who have their swords up the governments arse

- The government

- The richest Jews in Britain

- The Messi of football law

- The biggest cnut in sports retail

 

Only where NUFC is concerned could that lot somehow not have the political leverage to get this done in two minutes.

 

Areet Jeremy

 

:lol: :lol:

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“Nevertheless, the club will continue to use its best efforts to press for a fair, full and timely hearing of its claim.” Any such process would require pre-hearing disclosure from both parties and sources close to the failed deal suspect the Premier League is anxious to avoid the need to make such revelations.

 

Given that PIF had pledged to invest hundreds of millions of pounds in regenerating the north-east and are believed to remain committed to the idea of buying Newcastle, the government is understood to harbour hope that the takeover can be resurrected. Indeed high-level intermediaries are believed to be engaged in on-going efforts to negotiate a compromise."

 

https://www.theguardian.com/football/2020/nov/19/mike-ashley-steps-up-legal-pressure-over-failed-saudi-takeover-of-newcastle?CMP=share_btn_tw

 

Interesting. But please dont let this start to play out in the media again.

 

Looking at that though, it looks like new year could be when the case is heard.

 

Nah you missed the killer line -

 

'Any such process would require pre-hearing disclosure from both parties and sources close to the failed deal suspect the Premier League is anxious to avoid the need to make such revelations. 

 

So according to the PL handbook, both sides have 14 days to assign people, and then another 14 days for chair and then 14 days to disclose info. 

 

If PL don't want to disclose this could be done and dusted in time for Jan transfer window  :drool:

 

 

Absolutely.

 

The wait isn't over, but the wait is certainly a LOT closer to being over, today . . .

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Don't feel great about this being all over the media again, given how damaging it was in the first go. For any party who doesn't want them in the Premier League, they're so easy to attack and garner ill-feeling towards, at the expense of a smooth takeover process.

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Is the Saudis involvement (or supposed lack of) been Sean/Penn/IMTTS's main bone of contention? It's as clear as day that they're still waiting in the wings, imo. No smoke without fire and there's a shitload of smoke.

 

Why do you believe this is the case?

 

I can't see any evidence whatsoever that the Saudis are still at the table.

 

Ashley is pursuing a restraint of trade case against the Premier League, and arbitration is a precursor he has to indulge before going to court.

 

None of this either requires or suggests the involvement of the Saudis.

:lol:

The Athletic claim they are as interested as ever if you want an actual source.

 

I must be honest - I'm extremely sceptical of the quality of Chris Waugh's sources at the Public Investment Fund of Saudi Arabia. You must have a lot more faith in local football journalists than I do. Horses for courses!

 

Do you have faith in your own news desk?

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Can Someone copy and paste that Telegraph article? :)

The Saudi-led consortium that attempted to buy Newcastle United intends to re-submit its £305million bid if the club succeeds in winning an arbitration case against the Premier League.

 

Newcastle finally issued a statement to confirm that “arbitration proceedings” are under way after the collapse of the bid from the Public Investment Fund of Saudi Arabia, the Reuben Brothers and Amanda Staveley’s PCP Capital Partners.

 

The offer was withdrawn in July when PIF grew frustrated at an impasse with the Premier League, amid concerns over the ownership structure, still not approving the proposed takeover despite it having been submitted in April.

 

Newcastle and the club’s owner Mike Ashley are contesting the use of the Premier League’s Owners and Directors Test and the buyers are also confident that they should have passed a test that, they argue, became impossible to deal with because of the demands placed upon them.

 

If Newcastle are successful and with Ashley remaining committed to selling to the consortium it is likely a new bid will be made in the hope of finally concluding a deal. Independent arbitration was offered to the buyers in the summer by the Premier League but it was declined because of concerns over the process and because they were adamant the takeover should have been approved.

 

In its statement Newcastle confirmed that it “has issued arbitration proceedings against the EPL” but added that it would not comment on its “substance” meaning it is unclear whether it has gone down the route offered by the Premier League for arbitration under its rule-book or taken another direction. The unprecedented dispute highlights the rift between Newcastle and the Premier League of which it is a shareholder.

 

The statement followed the Premier League responding to a Letter Before Action from Newcastle Consortium Supporters Ltd – a group of fans who have launched their own legal action – in which it appeared to confirm that legal proceedings involving the club were underway and will take priority.

 

In its statement Newcastle claims that “it appears” the Premier League “has leaked the contents of their letter to some of those commenting in the public domain” despite “the confidentiality clause in the Premier League’s rules”.

 

The club said it had not previously announced its action because of this although Blackstone Chambers, the law firm, confirmed that QCs Nick de Marco and Shaheed Fatima had been instructed to examine Newcastle’s legal options in September. That social media post by Blackstone Chambers was later deleted.

 

“The club makes no comment on the substance of the arbitration, but it can confirm that it has issued arbitration proceedings against the EPL,” Newcastle said.

 

It remains unclear as to what form the proceedings will take but Section X of the Premier League Handbook deals with arbitration. It states that a Form 28 has to be submitted by the “party requesting an arbitration” with the Premier League board sending “to each party particulars of those individuals who are members of the panel”.

 

If a case goes to arbitration it is usually heard by a three-strong panel, with each party appointing one member and a legally-qualified chairman selected. That is usually someone who the other two members agree on and, if that cannot happen, the choice is normally made by the Football Association given the Premier League is one of the parties. Alternatively both parties can decide on a single, legally qualified arbitrator.

 

The tribunals have the power to “determine any question of law or fact arising in the course of arbitration”, “order the rectification of a deed” and can also order compensation is paid.

 

With Newcastle it appears the commitment remains to agree the sale of the club although there will be continued frustration for fans given there remains no timescale to resolve the dispute.

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Plastic fiancé letter incoming

Can we stop with this sort of shit please, her husband to be was murdered by the state trying to take us over because he dared to speak out over there abhorrent practices, she has every right to try as hard as she can to make life difficult for the people that made it happen.

 

And I say that wanting the takeover to succeed.

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Plastic fiancé letter incoming

Can we stop with this sort of shit please, her husband to be was murdered by the state trying to take us over because he dared to speak out over there abhorrent practices, she has every right to try as hard as she can to make life difficult for the people that made it happen.

 

And I say that wanting the takeover to succeed.

Soz Eddy

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Is the Saudis involvement (or supposed lack of) been Sean/Penn/IMTTS's main bone of contention? It's as clear as day that they're still waiting in the wings, imo. No smoke without fire and there's a shitload of smoke.

 

Why do you believe this is the case?

 

I can't see any evidence whatsoever that the Saudis are still at the table.

 

Ashley is pursuing a restraint of trade case against the Premier League, and arbitration is a precursor he has to indulge before going to court.

 

None of this either requires or suggests the involvement of the Saudis.

:lol:

The Athletic claim they are as interested as ever if you want an actual source.

 

I must be honest - I'm extremely sceptical of the quality of Chris Waugh's sources at the Public Investment Fund of Saudi Arabia. You must have a lot more faith in local football journalists than I do. Horses for courses!

 

Do you have faith in your own news desk?

 

Given the state of the Telegraph probably not.

 

Edwards is proud to work for an anti science, pro conspiracy theory outlet.

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If a case goes to arbitration it is usually heard by a three-strong panel, with each party appointing one member and a legally-qualified chairman selected. That is usually someone who the other two members agree on and, if that cannot happen, the choice is normally made by the Football Association given the Premier League is one of the parties.

 

So basically our choice for the panel will side with us. The PL's will side with them and it will go to the FA's choice to decide it.

 

Not filled with confidence like.

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If a case goes to arbitration it is usually heard by a three-strong panel, with each party appointing one member and a legally-qualified chairman selected. That is usually someone who the other two members agree on and, if that cannot happen, the choice is normally made by the Football Association given the Premier League is one of the parties.

 

So basically our choice for the panel will side with us. The PL's will side with them and it will go to the FA's choice to decide it.

 

Not filled with confidence like.

 

376633.jpg

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