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This morning, the Premier League won legal documents from a r in London related to the final touch of the homeowners’ and administrators’ check as a component of Newcastle United’s failed acquisition process.
Earlier this year, the heavily funded Saudi Arabian consortium reached an agreement with Mike Ashley to win the Sports Direct tycoon’s club for about three hundred million pounds, a payment that the Gazette says has increased since then.
The documents were officially submitted to the Premier League in March and thorough testing of Premier League owners and directors began. Tests that were scheduled to last about six weeks and revealed that ”there are no warning signs” until June stopped on July 30 when buyers, the Saudi Arabian Public Investment Fund (PIF), PCP Capital Partners and Reuben Brothers, withdrew from the proceedings quoting: among other things, “the lengthy procedure in existing cases along with global uncertainty”.
Despite the withdrawal, the agreement remained very much on the table for all parties, especially with the league giving a final resolution on their O-tests
There has been renewed tension behind the scenes and there has been renewed hope that a Premier League resolution will only close in September so that negotiations will not succeed in a conclusion again, leading to an explosive through owner Mike Ashley.
He said: “Newcastle United can verify that the Premier League has rejected a public takeover offer made through PCP Capital Partners, Reuben Brothers and the Saudi Arabian Public Investment Fund (PIF) based on its owner-director test. “
“This conclusion came despite the fact that the club provided the Premier League with damning evidence and legal recommendations that the PIF is independent and autonomous from the Saudi government. “
“The club and its owners are not content that premier League executive Richard Masters and the Premier League have acted appropriately in this factor and will have all the features applicable to them. “
“Mike Ashley understands the frustrations of fans and would like to assure them that he is fully committed to ensuring that this purchase procedure is complete because he considered it in the club’s most productive interests. “
Again, despite this statement, the nomination has yet to be officially rejected through the league.
THE QC Nick De Marco and Shaheed Fatima have been appointed through Ashley when things started to get legal, but with delays in essentials, related to the validity of the agreement, this enthusiast-led push was supported by all parties involved. , adding that QC.
NCSL enthusiasts Gordon Stein and Keith Patterson released a “pre-action letter” to the Premier League this morning.
In the explosive letter and legal documents noticed through the Gazette, the documents state that termination of the three hundred million pound agreement for United’s purchase is contrary to British anti-competitive law.
When asked about the matter through echo, the Premier League said it would not comment or offer any guidance as it had done the process.
Legal documentation indicates that the Premier League has until 3 November to respond to the letter.
It says: “Supporters request a detailed reaction to this letter before the action until 4 p. m. November 3, 2020 and if you intend to challenge the claim, provide transparent and express reasons and copies of the applicable key documents described above.
“In the absence of an acceptable reaction within the previous time frame, The Supporters intend to take legal action opposed to PLA for the registrant for violation of the festival’s law.
Given the urgency of this case for Supporters, and with the new move-in window closing at the end of January 2021, we will seek an acceleration of this procedure in factor nine of the violation of the festival law. opportunity for new homeowners to invest in new homeowners
particularly reduce the risk of relegation in 2021, which would almost make the proposed acquisition through the consortium almost unsustainable. Let us know if you settle for shipping. “
Meanwhile, Mike Ashley’s public guru Keith Bishop reiterated United’s position on the Premier League PPV.
Ashley aired one last night through the club’s online page asking for a review of the value of 14. 95 euros for fans.
He said: “I call on the Premier League to act and review its existing pay-as-you-go agreements for live matches in the UK.
“In the current climate, it is appropriate for any football fan to value 14. 95 euros for a televised singles match.
“Enthusiasts have overwhelmingly rejected this offer and the Premier League will have to act now.
“Why make it much more available at £4. 95, consistent with the game until Christmas?
“The government deserves to waive VAT in the previous card matches so that as many as you can imagine from those who can’t attend the matches on the user can at least see their team.
“To get the benefits of the previous discounted pay-per-session option, I would say 50% would be retained through the Premier League and 50% would move to the football pyramid below.
“As a club, Newcastle United voted in favour of the payment proposal at the meeting, but it is unclear, because a realistic or viable option was not proposed to allow enthusiasts to watch the matches. “
And speaking to Sky Sports News, Bishop said, “We’ve spent a terrible time with COVID with other people wasting their jobs and a lot of other people see football as a little relief and I know Mike needs to make football more for them. . ” Bishop said.
“I know Mike will need to complete this because it’s the right thing to do, make football more affordable at this specific time. “