The Magpie Group have delivered a strong video message to the Premier League urging for clarity on why our proposed Saudi takeover fell through.
News broke on Thursday that PIF had pulled the plug on the £300m deal, citing the amount of time taken for top flight chiefs to make decision as the main reason for their course of action.
Since then, we have heard from Amanda Staveley and Mike Ashley, albeit indirectly through managing director Lee Charnley, but not a word has came out from the Premier League – the main players in why the takeover didn’t go ahead.
This has angered our supporters, and rightfully so, with a petition online calling for an investigation into their handling of the takeover already reaching 25,000 signatures at the time of writing.
Since then, The Magpie Group have also released the following video, listing a series of valid points for the Premier League to reconsider:
- How we have a current owner that doesn’t want to be here and a willing buyer who has met the value demanded.
- How the Premier League has bowed down to pressure from outside parties, who have no connection to the deal involved.
- How the takeover is about having an owner who cares, that understands its importance to the area and wants to invest in the community.
- How our academy has been abandoned for 13 years, with the proposed consortium committed to investing heavily in our youth setup.
- How the supporters are praying for hope and ambition, something that has been sapped from the club during the Ashley era.
And finally, the Magpie Group calls for the Premier League to approve the takeover, using the hashtag #ApproveTheSale