There was a time where Simon Jordan’s did nothing but rile Newcastle fans with some uninformed views on our club, however the ex-Palace chairman continues to hit the nail on the head when talking about the ongoing takeover saga.
Now, this isn’t to say the Saudi bid to buy the club is suddenly back on, but his latest assessment on talkSPORT offers an interesting viewpoint on it all – especially as a former Premier League owner.
As he states in the clip below, it seems he’s struggling to understand how the Premier League can block the deal – especially when the buyer and seller both remain committed – and questions if they are going unfairly above and beyond their remit to stand in the way of completion:
Here’s what he said on talkSPORT:
We are all speculating here, including Jordan, however it does ring alarm bells to me that the Premier League have allowed this deal to stall for so long and make Staveley wait “month after month” for a final decision.
If there were ‘red flags’ and a clear reason to fail it in what is an objective Owners and Directors test, surely they’d just fail it? Because they haven’t four months in, it makes you wonder if they know they technically have no grounds to fail the bid, yet equally don’t want to pass it – hence the constant delays and refusal to communicate, which has ultimately forced the Saudis into ‘withdrawing’.
The deal clearly has a lot of baggage that took an unprecedented time to wade through, but there’s absolutely no reason why a ‘3-4 week’ process should’ve dragged on this long.
It may seem exhausting to be left wondering if it could still happen after some finally accepted it was over last Thursday, but, as Jordan rightfully states, we can’t ignore the fact the buyers and seller have since come out signalling their total commitment to reaching a compromise.
Who knows what happens next. I’m not pinning my hopes on it being resurrected anymore, however there’s clearly a deal to be done here if the Premier League back down.