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Tuesday, January 18, 2022

Newcastle takeover: Authorities denies position in failed bid amid claims Saudi Crown Prince lobbied Boris Johnson | Soccer Information

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The Authorities has denied any involvement in final yr’s failed takeover of Newcastle, insisting the deal “was a industrial matter for the events involved”.

A report in The Every day Mail alleges that Saudi Arabia’s Crown Prince Mohammed bin Salman urged Prime Minster Boris Johnson to intervene after the Premier League didn’t approve the takeover.

Bin Salman is the chairman of Saudi Arabia’s Public Funding Fund, which is almost all accomplice within the consortium that agreed to buy the membership from Mike Ashley.

The Every day Mail claims to have seen an alternate involving Authorities figures from June 2020 warning that Anglo-Saudi relations could be broken except the takeover went by way of.

However whereas the International Workplace did maintain conferences with the Premier League concerning the sale, the Authorities has denied any involvement within the decision-making course of.

A spokesperson mentioned: “Whereas we welcome abroad funding, this was a industrial matter for the events involved and the Authorities was not concerned at any level within the takeover talks on the sale of Newcastle United.”

Picture:
Mike Ashley purchased Newcastle in 2007

Ashley is known to have believed the sale – value round £300m – could be accomplished final summer season after due diligence was carried out, paperwork was signed and a multi-million pound deposit had been acquired.

However the Premier League – which carries out its Homeowners and Administrators’ Check on any social gathering making an attempt to buy certainly one of its golf equipment – had nonetheless not accepted the takeover after 17 weeks of deliberations, ensuing within the consortium pulling the plug on the deal.

The league’s chief government Richard Masters mentioned it requested for “further data, which might have been used to contemplate” any potential disqualification, however the consortium disagreed with their evaluation and withdrew.

Masters additionally denied final yr that any of Newcastle’s fellow Premier League sides had influenced the choice by opposing the takeover.

Human rights advocates Amnesty Worldwide had requested the Premier League to dam the Saudi-backed bid.

Newcastle’s managing director Lee Charnley mentioned in August 2020 that Ashley – who has been trying to promote the membership for a lot of his 14-year possession – stays “dedicated” to the deal.



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