Jump to content

PIF, PCP, and RB Sports & Media


Recommended Posts

That Edwards piece is actually fairly balanced. Although most will call it negative because they don’t like the reality… it does seem to be fairly accurate imo.

 

Interesting line from it:

 

”A judgement is due later this week.”

 

Indicates the club should find the result out imminently. Wonder if it’ll leak to the press.

 

Other interesting bits…

 

”Telegraph Sport has been informed by multiple sources on both sides of the argument that they do not believe the arbitration hearing will be postponed again. It really will be judgement time.”

 

Burden on proof is for us to prove the PL have acted wrongly:

 

”For the Premier League to win the arbitration, they only have to prove that they followed and applied their own rules correctly.”

 

And the rest of the summary, without all of his unnecessary boring guff:

 

”To be blunt, most observers believe that the CAT hearing (which is separate from the arbitration hearing with the Premier League) was to create noise, to make accusations against the Premier League under the protection of courtroom privilege, to air the club’s grievances in public, have them reported in the media and to create public pressure on the Premier League before the arbitration hearing. It will also allow Ashley to pursue damages if he also wins arbitration.

 

Well-placed sources have repeatedly told Telegraph Sport that as well as reviving the takeover, Ashley has been motivated by a desire to embarrass and expose the Premier League. He wants to make things uncomfortable for them, even if he ends up losing arbitration.

 

That is why there were accusations from his legal representatives that beIN Sports, as well as other Premier League clubs, had forced the Premier League into incorrectly applying its owners and directors test to ensure the takeover did not happen. There was also a reference made to a threat to expel Newcastle from the Premier League if they did not provide all the relevant paperwork to do with the ownership of the club.

 

Nobody can say with absolute certainty, but the chances of Newcastle winning the arbitration and the takeover therefore going ahead seem slim. The fact that the Crown Prince is chairman of PIF and is regularly credited with controlling and masterminding the state investment vehicle’s projects in Saudi Arabia makes separation incredibly difficult to prove. 

 

The fact that PIF’s board is also made up of Government ministers is also impossible to ignore.

 

The Premier League have always been extremely confident in the strength of their position and have not felt the need to brief against the takeover or defend themselves against Newcastle’s attacks. They believe in the process set out and have directed the buyers down this route for more than 18 months.

 

Public pressure, a tactic used by the buying side throughout this saga, is also unlikely to influence an independent panel made up of legal experts, used to sitting and hearing complex legal cases. 

 

Newcastle fans may overwhelmingly want the takeover to happen, as does Ashley, but that is irrelevant to the strength of the legal arguments both sides can make.

 

The fact that arbitration will take place in private is also likely to mean highly sensitive evidence relating to matters in Saudi Arabia — some of the CAT case was heard in private when this evidence was discussed on Wednesday — will have a huge bearing on the outcome.

 

Arbitration though is long overdue and vital. It will bring closure and a definitive outcome after so long waiting. If Newcastle win, the club should have new owners before the end of the season. Lose, and the dream of becoming the richest club in the world will be over and everyone can move on accordingly.“

 

 

Edited by Fantail Breeze

Link to post
Share on other sites
13 minutes ago, Fantail Breeze said:

That Edwards piece is actually fairly balanced. Although most will call it negative because they don’t like the reality… it does seem to be fairly accurate imo.

 

Interesting line from it:

 

”A judgement is due later this week.”

 

Indicates the club should find the result out imminently. Wonder if it’ll leak to the press.

 

Other interesting bits…

 

”Telegraph Sport has been informed by multiple sources on both sides of the argument that they do not believe the arbitration hearing will be postponed again. It really will be judgement time.”

 

Burden on proof is for us to prove the PL have acted wrongly:

 

”For the Premier League to win the arbitration, they only have to prove that they followed and applied their own rules correctly.”

 

And the rest of the summary, without all of his unnecessary boring guff:

 

”To be blunt, most observers believe that the CAT hearing (which is separate from the arbitration hearing with the Premier League) was to create noise, to make accusations against the Premier League under the protection of courtroom privilege, to air the club’s grievances in public, have them reported in the media and to create public pressure on the Premier League before the arbitration hearing. It will also allow Ashley to pursue damages if he also wins arbitration.

 

Well-placed sources have repeatedly told Telegraph Sport that as well as reviving the takeover, Ashley has been motivated by a desire to embarrass and expose the Premier League. He wants to make things uncomfortable for them, even if he ends up losing arbitration.

 

That is why there were accusations from his legal representatives that beIN Sports, as well as other Premier League clubs, had forced the Premier League into incorrectly applying its owners and directors test to ensure the takeover did not happen. There was also a reference made to a threat to expel Newcastle from the Premier League if they did not provide all the relevant paperwork to do with the ownership of the club.

 

Nobody can say with absolute certainty, but the chances of Newcastle winning the arbitration and the takeover therefore going ahead seem slim. The fact that the Crown Prince is chairman of PIF and is regularly credited with controlling and masterminding the state investment vehicle’s projects in Saudi Arabia makes separation incredibly difficult to prove. 

 

The fact that PIF’s board is also made up of Government ministers is also impossible to ignore.

 

The Premier League have always been extremely confident in the strength of their position and have not felt the need to brief against the takeover or defend themselves against Newcastle’s attacks. They believe in the process set out and have directed the buyers down this route for more than 18 months.

 

Public pressure, a tactic used by the buying side throughout this saga, is also unlikely to influence an independent panel made up of legal experts, used to sitting and hearing complex legal cases. 

 

Newcastle fans may overwhelmingly want the takeover to happen, as does Ashley, but that is irrelevant to the strength of the legal arguments both sides can make.

 

The fact that arbitration will take place in private is also likely to mean highly sensitive evidence relating to matters in Saudi Arabia — some of the CAT case was heard in private when this evidence was discussed on Wednesday — will have a huge bearing on the outcome.

 

Arbitration though is long overdue and vital. It will bring closure and a definitive outcome after so long waiting. If Newcastle win, the club should have new owners before the end of the season. Lose, and the dream of becoming the richest club in the world will be over and everyone can move on accordingly.“

 

 

 

 

He got one thing wrong - unless the arbitration is set for the w/c 3rd January then it will be delayed as the 3rd is a bank holiday

 

Pendants 1 - 0 Journalists

Link to post
Share on other sites
12 minutes ago, Colos Short and Curlies said:

 

He got one thing wrong - unless the arbitration is set for the w/c 3rd January then it will be delayed as the 3rd is a bank holiday

 

Pendants 1 - 0 Journalists

It's pedant. 

 

Pedants 1 - 0 Pendants

Link to post
Share on other sites
32 minutes ago, Joey said:

Mental people claiming they don't put this much time and money into a case they don't believe they can win.

Sure the other side are of the same belief.

The premier league really has no choice though did they once we went down that route ?

Link to post
Share on other sites
3 hours ago, Dokko said:

Reflecting back I didn't expect it to go as well as it did. Seemed very one sided and from my view quite a simple judgement. Even some flickers from the press, including the BBC and bien Jacobs suggesting such. 

 

If it doesn't go our way then nothing will IMHO. I don't see how we can spell it out any clearer and if it's rejected then the PL has it sewn up and untouchable. 

Not necessarily.  If we lose arbitration we wont know how or why we lose.  If we win the jurisdiction challenge the CAT case will go ahead regardless of the outcome of arbitration, and will be in public and as such may disclose how and why we lost arbitration in order to establish whether the PL's reasons for blocking the move were anti- competitive!  It may be that the CAT hold some of the hearing in private regarding the arbitration findings being confidential, but if the CAT subsequentely find in our favour that the EPL acted uncompetitively the EPL may then have to reverse their decision to block the takeover!

Link to post
Share on other sites

 

”For the Premier League to win the arbitration, they only have to prove that they followed and applied their own rules correctly.”
 

firstly, it shouldn’t be about them “winning”. Secondly, it’s not about applying their rules, it’s about whether their is separation between KSA and PIF.

Link to post
Share on other sites
44 minutes ago, Shearergol said:

 

”For the Premier League to win the arbitration, they only have to prove that they followed and applied their own rules correctly.”
 

firstly, it shouldn’t be about them “winning”. Secondly, it’s not about applying their rules, it’s about whether their is separation between KSA and PIF.

 

The two are basically the same though.

 

If separation is proven, the PL haven’t applied their rules correctly as they are demanding to put someone through the test who isn’t required.

 

If separation isn’t proven, the PL have applied their rules correctly.

Link to post
Share on other sites
3 minutes ago, Fantail Breeze said:

 

The two are basically the same though.

 

If separation is proven, the PL haven’t applied their rules correctly as they are demanding to put someone through the test who isn’t required.

 

If separation isn’t proven, the PL have applied their rules correctly.

What a load of shite, if the PL knew they had followed their rules correctly they would have failed the takeover last year. The fact that have kicked the can down the road for the last 18 months and chose not to reject it tells you they haven’t followed their own rules. 

Link to post
Share on other sites
Just now, nufcnick said:

What a load of shite, if the PL knew they had followed their rules correctly they would have failed the takeover last year. The fact that have kicked the can down the road for the last 18 months and chose not to reject it tells you they haven’t followed their own rules. 

 

I wasn’t suggesting that isn’t the case.

Link to post
Share on other sites
1 hour ago, Fantail Breeze said:

 

The two are basically the same though.

 

If separation is proven, the PL haven’t applied their rules correctly as they are demanding to put someone through the test who isn’t required.

 

If separation isn’t proven, the PL have applied their rules correctly.


[emoji38]

 

Are you kidding me?

Link to post
Share on other sites

I really think the only positive outcome for us in this whole thing is if we manage to settle before arbitration. Hopefully the CAT gets the go ahead and that forces the PL’s hand to just let this go through. I will never understand why the PL are fighting so strongly against takeover when it is clearly the best thing for one of their member clubs - it makes no sense whatsoever 

Link to post
Share on other sites
  • Rich changed the title to PIF, PCP, and RB Sports & Media inject a further £38.5M to cover day-to-day running costs (The Athletic)
  • Rich changed the title to PIF, PCP, and RB Sports & Media

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...