Is this happening then?
I mean this century?
I mean this century?
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Newcastle Utd (and Viz)
- Thread starter Del-boy
- Start date
Yarrgh
Player Valuation: £70m
If you can't give in to blackmail, then what can you give in to?
Have the PL actually confirmed they're looking into this? Because it seems like a whole load of nonsense at the (17 week long) moment.
kenada_blue
Welcome to Barcelonaton FC
PL - "So who is going to run the operations/chair the club?"
PIF - "Oh. You mean actually have someone to run the thing? Not like pump money in and see things happen thing?"
PL - "Unfortunately not"
PIF - "Okay. We'll get back to you"
Chris O'Connor
Player Valuation: £35m
Just a bit more detail on the lack of clarity referenced in that BBC report yesterday
Journos are Luke Edwards (a big Newcastle fan who has good connections up there although I reckon he tends to look on the black side of things but that possibly goes with the territory if you support them) - Jason Burt is the other journo and he tends to check his facts and be sure before going to print far more reliable imo.
Nothing that new as we all know the reasons with the illegal streaming being the main one but now the lack of clarity over who will be actually running the club, have the final say and just how close is PIF the Saudi sovereign wealth fund to the Saudi regime itself and who will be actually in charge, but it doesn't look good and looks like no chance it'll go through now.
Just copy the first bit of the article if anyone wants to read it, can't be arsed with copying it all.
Copied below.....
The takeover of Newcastle United by a Saudi Arabian-led consortium has reached deadlock due to concerns over the new ownership structure and who will have the final say in the decision-making process at the Premier League club.
A £300 million offer was accepted by current owner Mike Ashley back in April with the expectation that deal would be confirmed by the Premier League a few weeks later. Instead, much to the consternation of Newcastle fans desperate for a change of ownership, the takeover is now into the 17th week of attempting to pass the Premier League’s Owners and Director's Test.
In turn, Ashley has been talking to the American businessman, Henry Mauriss, since the start of the month and it is understood he is free to sell to another buyer after the exclusivity deal with the Saudi-led consortium, which involved the payment of a deposit, expired.
Saudi Arabia’s Public Investment Fund is attempting to acquire an 80 per cent stake in Newcastle with financier Amanda Staveley, who has brokered the deal, receiving 10 per cent and the Reuben family, represented by Jamie Reuben, buying the remaining 10 per cent of the club.
Amanda Staveley is the public face of the Saudi-led Newcastle takeover CREDIT: PA
The talks with the Premier League are now said to have stalled and are locked in stalemate, with, according to sources, the buyers struggling to satisfy the organisation which appears to want greater clarity regarding the link between the PIF and the Saudi state.
At the heart of the matter is the long-running legal dispute the Premier League has had with the Saudi government over the illegal streaming of English football and other sporting events in the Kingdom.
The issue was further confused recently when the KSA banned beIN, the Qatari-based international rights holders in the Middle East, from broadcasting in the country which means it is now impossible to legally watch Premier League matches in the Kingdom.
In turn the KSA had released statements saying it would crack down on websites, such as the pirate site beOutQ, which has been illegally showing sporting events, in the hope that it would convince the Premier League it was not backing the activities.
The takeover has not been officially rejected but there is increasingly less confidence that it will go through in its present form with one source telling Telegraph Sport that it was “gridlocked”. The source added: “As things stand there is no chance of the takeover progressing in its current form.
A £300 million Saudi offer was accepted by current Newcastle owner Mike Ashley back in April CREDIT: PA
“The problem is this, the Premier League wants to know who will be running the club, who will have the final say on decisions, who will negotiate sponsorship deals and so on and so on.
“The PIF has the majority stake but the management structure does not seem to recognise that. The more questions that have been asked, the more muddled and confused it becomes. The Premier League is not satisfied with the answers it has been given.”
Certainly, so far, the answers provided by the buyers do not appear to have persuaded the Premier League that it can allow the takeover to go through as it has been organised. The crux of the problem appears to remain that the Premier League is unconvinced by the argument that the PIF is independent of the Saudi government and, therefore, is insisting on the link being made clearer.
The buyers have continued to argue that the PIF is a separate legal entity to the Saudi State, an argument apparently undermined by the fact Crown Prince Mohammed bin Salman, the country's de-facto ruler, is chairman of the fund. The PIF is understood to have continued to maintain that it is an independent investment vehicle.
Journos are Luke Edwards (a big Newcastle fan who has good connections up there although I reckon he tends to look on the black side of things but that possibly goes with the territory if you support them) - Jason Burt is the other journo and he tends to check his facts and be sure before going to print far more reliable imo.
Nothing that new as we all know the reasons with the illegal streaming being the main one but now the lack of clarity over who will be actually running the club, have the final say and just how close is PIF the Saudi sovereign wealth fund to the Saudi regime itself and who will be actually in charge, but it doesn't look good and looks like no chance it'll go through now.
Just copy the first bit of the article if anyone wants to read it, can't be arsed with copying it all.
Copied below.....
The takeover of Newcastle United by a Saudi Arabian-led consortium has reached deadlock due to concerns over the new ownership structure and who will have the final say in the decision-making process at the Premier League club.
A £300 million offer was accepted by current owner Mike Ashley back in April with the expectation that deal would be confirmed by the Premier League a few weeks later. Instead, much to the consternation of Newcastle fans desperate for a change of ownership, the takeover is now into the 17th week of attempting to pass the Premier League’s Owners and Director's Test.
In turn, Ashley has been talking to the American businessman, Henry Mauriss, since the start of the month and it is understood he is free to sell to another buyer after the exclusivity deal with the Saudi-led consortium, which involved the payment of a deposit, expired.
Saudi Arabia’s Public Investment Fund is attempting to acquire an 80 per cent stake in Newcastle with financier Amanda Staveley, who has brokered the deal, receiving 10 per cent and the Reuben family, represented by Jamie Reuben, buying the remaining 10 per cent of the club.
Amanda Staveley is the public face of the Saudi-led Newcastle takeover CREDIT: PA
The talks with the Premier League are now said to have stalled and are locked in stalemate, with, according to sources, the buyers struggling to satisfy the organisation which appears to want greater clarity regarding the link between the PIF and the Saudi state.
At the heart of the matter is the long-running legal dispute the Premier League has had with the Saudi government over the illegal streaming of English football and other sporting events in the Kingdom.
The issue was further confused recently when the KSA banned beIN, the Qatari-based international rights holders in the Middle East, from broadcasting in the country which means it is now impossible to legally watch Premier League matches in the Kingdom.
In turn the KSA had released statements saying it would crack down on websites, such as the pirate site beOutQ, which has been illegally showing sporting events, in the hope that it would convince the Premier League it was not backing the activities.
The takeover has not been officially rejected but there is increasingly less confidence that it will go through in its present form with one source telling Telegraph Sport that it was “gridlocked”. The source added: “As things stand there is no chance of the takeover progressing in its current form.
A £300 million Saudi offer was accepted by current Newcastle owner Mike Ashley back in April CREDIT: PA
“The problem is this, the Premier League wants to know who will be running the club, who will have the final say on decisions, who will negotiate sponsorship deals and so on and so on.
“The PIF has the majority stake but the management structure does not seem to recognise that. The more questions that have been asked, the more muddled and confused it becomes. The Premier League is not satisfied with the answers it has been given.”
Certainly, so far, the answers provided by the buyers do not appear to have persuaded the Premier League that it can allow the takeover to go through as it has been organised. The crux of the problem appears to remain that the Premier League is unconvinced by the argument that the PIF is independent of the Saudi government and, therefore, is insisting on the link being made clearer.
The buyers have continued to argue that the PIF is a separate legal entity to the Saudi State, an argument apparently undermined by the fact Crown Prince Mohammed bin Salman, the country's de-facto ruler, is chairman of the fund. The PIF is understood to have continued to maintain that it is an independent investment vehicle.
ForeverBlue92
Player Valuation: £80m
Sadly the PL have form for caving in to anyone throwing dosh around - these beauts will be unbearable if they get the Sheikh in lobbing millions around
catcherintherye
Player Valuation: £80m
Just a bit more detail on the lack of clarity referenced in that BBC report yesterday
Journos are Luke Edwards (a big Newcastle fan who has good connections up there although I reckon he tends to look on the black side of things but that possibly goes with the territory if you support them) - Jason Burt is the other journo and he tends to check his facts and be sure before going to print far more reliable imo.
Nothing that new as we all know the reasons with the illegal streaming being the main one but now the lack of clarity over who will be actually running the club, have the final say and just how close is PIF the Saudi sovereign wealth fund to the Saudi regime itself and who will be actually in charge, but it doesn't look good and looks like no chance it'll go through now.
Just copy the first bit of the article if anyone wants to read it, can't be arsed with copying it all.
Copied below.....
The takeover of Newcastle United by a Saudi Arabian-led consortium has reached deadlock due to concerns over the new ownership structure and who will have the final say in the decision-making process at the Premier League club.
A £300 million offer was accepted by current owner Mike Ashley back in April with the expectation that deal would be confirmed by the Premier League a few weeks later. Instead, much to the consternation of Newcastle fans desperate for a change of ownership, the takeover is now into the 17th week of attempting to pass the Premier League’s Owners and Director's Test.
In turn, Ashley has been talking to the American businessman, Henry Mauriss, since the start of the month and it is understood he is free to sell to another buyer after the exclusivity deal with the Saudi-led consortium, which involved the payment of a deposit, expired.
Saudi Arabia’s Public Investment Fund is attempting to acquire an 80 per cent stake in Newcastle with financier Amanda Staveley, who has brokered the deal, receiving 10 per cent and the Reuben family, represented by Jamie Reuben, buying the remaining 10 per cent of the club.
Amanda Staveley is the public face of the Saudi-led Newcastle takeover CREDIT: PA
The talks with the Premier League are now said to have stalled and are locked in stalemate, with, according to sources, the buyers struggling to satisfy the organisation which appears to want greater clarity regarding the link between the PIF and the Saudi state.
At the heart of the matter is the long-running legal dispute the Premier League has had with the Saudi government over the illegal streaming of English football and other sporting events in the Kingdom.
The issue was further confused recently when the KSA banned beIN, the Qatari-based international rights holders in the Middle East, from broadcasting in the country which means it is now impossible to legally watch Premier League matches in the Kingdom.
In turn the KSA had released statements saying it would crack down on websites, such as the pirate site beOutQ, which has been illegally showing sporting events, in the hope that it would convince the Premier League it was not backing the activities.
The takeover has not been officially rejected but there is increasingly less confidence that it will go through in its present form with one source telling Telegraph Sport that it was “gridlocked”. The source added: “As things stand there is no chance of the takeover progressing in its current form.
A £300 million Saudi offer was accepted by current Newcastle owner Mike Ashley back in April CREDIT: PA
“The problem is this, the Premier League wants to know who will be running the club, who will have the final say on decisions, who will negotiate sponsorship deals and so on and so on.
“The PIF has the majority stake but the management structure does not seem to recognise that. The more questions that have been asked, the more muddled and confused it becomes. The Premier League is not satisfied with the answers it has been given.”
Certainly, so far, the answers provided by the buyers do not appear to have persuaded the Premier League that it can allow the takeover to go through as it has been organised. The crux of the problem appears to remain that the Premier League is unconvinced by the argument that the PIF is independent of the Saudi government and, therefore, is insisting on the link being made clearer.
The buyers have continued to argue that the PIF is a separate legal entity to the Saudi State, an argument apparently undermined by the fact Crown Prince Mohammed bin Salman, the country's de-facto ruler, is chairman of the fund. The PIF is understood to have continued to maintain that it is an independent investment vehicle.
Essentially this.
If the question is who runs Newcastle, that says to me they will not allow Saudi to run a club. Even if they get around it, they will be subject to enormous scrutiny that spending splurges will be off the table.
More broadly they are really going to struggle to prove Saudi are not involved in this. I speculated what seems like months ago, this was actually going to be Staveley running the club (A key difference to City) and she was essentially the MD/money operson, with Saudi lilely wanting to cream off the top any profits that are made. That will be very hard to prove though, with Saudi at an 80% in the club. If they are doubtful that she's running it, I really struggle to see what else she can do to convince them otherwise.
As a final aside, having seen Staveley at the dispatch box, her running Newcastle would be much much worse than Mike Ashley. She's a complete fraud. THe Geordies should want her nowhere near the club, never mind running it.
A pretty bleak picture for them really, though I'm sure they're convinced they're the new City despite it taking more months than it took City hours to complete the deal.
catcherintherye
Player Valuation: £80m
It won't happen mate. They are drawing a very firm line in the sand here. Best case scenario for them, is they let them in, but given the noise thats been made they do not allow them any wriggle room for manouvre. Shouting to the rooftops how rich you, as they've done, (when in all likelihood you're not) is one sure fire way to prick the attention of the regulators to limit what you are able to do.
Disgruntledgoat
Player Valuation: £50m
Then maybe enrich your empty, awful life if a terrible football club's results are the determiner of your happiness...
Let’s hope Stavely gets the gig then lol
Onwards Evertonians
Player Valuation: £8m
MikeH72
Player Valuation: £100m
The only thing that’s “affected their mental health” is their own utterly embarrassing carry on when the “takeover” was first linked and the fact they behaved like absolute chimps rather than just remain cautious and wait to see how it played out. It’s their own fault, how many fake takeovers will it take before they stop spoiling themselves with excitement and setting themselves up for a massive fall every time?
Adding Saudi Arabia emojis to their Twitter handles, creating an embarrassing “cans” hashtag that failed to go viral, buying Saudi flags on EBay to hang out of their box room windows. Truly the outright worst fanbase on planet earth outside of The Cult. Despicable people and I wish nothing but further suffering under the king of all football that is Sir Michael Ashley.
Adding Saudi Arabia emojis to their Twitter handles, creating an embarrassing “cans” hashtag that failed to go viral, buying Saudi flags on EBay to hang out of their box room windows. Truly the outright worst fanbase on planet earth outside of The Cult. Despicable people and I wish nothing but further suffering under the king of all football that is Sir Michael Ashley.
jaycee
Player Valuation: £60m
I think if they get to own the club,though each day longer it seems less likely,they will splash a bit of cash,some one like Shaquiri,to make it look like the intent is there "look at us buying players off the top teams"type of thing,without actually spending big bucks,the courting of the latest American by Mike seems to point at things not quite right though
catcherintherye
Player Valuation: £80m
All very good points. I always sensed they'd have a go for a year or 2 and then bow out. The more I read though, the more I wonder if they will even do that. The PL will not allow them to spend big, even if they wanted to as well.