Promising takeover claims arrive in new report – Are the Premier League about to crack?

A promising new report on the Saudi takeover saga has emerged from the Shields Gazette’s Liam Kennedy today, revealing how the pressure placed on the Premier League over the past fortnight is having a positive effect.

He states ‘sources close to the bid’ believe there is now a ‘growing sense of optimism’ over the potential resurrection of a £300m deal, stating that intense pressure from whole host of influential politicians and widespread unrest from fans is making inroads both publicly and behind the scenes at Premier League level.

Kennedy also writes that, following talks between the buying and selling side, it’s believed Mike Ashley will NOT demand another £17m deposit from the buyers should the deal be revived, with him already pocketing that non-refundable down-payment earlier on in the process.

The Gazette also reveal the consortium’s latest message – “Keep the pressure up, it’s working” – giving us fans extra incentive to continuing unsettling both the Premier League and their sponsors on social media, but also to write to our local MPs seeking answers.

The report also states that, depending on the Premier League’s next move, both the Saudi-backed buyers and Mike Ashley are prepared to take legal action, posing another unwanted threat to top flight chiefs who’ve remained silent for almost FIVE months now.

Interestingly, Kenedy also claims that it’s not yet clear if their offer has been completely withdrawn. Their statement a fortnight ago suggested they were pulling away, but the Gazette state that it’s not yet 100% clear if the bid remains a ‘live’ on with the Premier League.

As the snippet from the above article states, it’s also believed that all sides of the Saudi-consortium are willing to go through with the deal IF the problem of naming KSA as a majority shareholder can be sorted – something Staveley recently described as a completely unrealistic demand from the Premier League:

There is a willingness from the Public Investment Fund of Saudi Arabia, PCP Capital Partners and the Reuben Brothers to come back around the table with the Premier League, if the problem of naming KSA as the majority shareholder can be ironed out.

And sources close to the bid claim there is a growing sense of optimism around the potential purchase, with fan pressure and political angles seemingly making inroads in public and behind the scenes.

For all of our sanity, it’s probably best if we stick with the mindset that the deal is still highly unlikely to go through, however if this should only give fans (and local MPs) more motivation to keep piling the pressure on the Premier League.

After all, this really is a takeover worth fighting for – not only for our sleeping giant of a football club, but for our deprived region in desperate need of investment.

Let’s keep pushing!

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About Olly Hawkins

Olly has been a Junior Magpie from birth. As a season ticket holder and avid Newcastle United fan - he eats, sleeps and breathes all things NUFC.

9 thoughts on “Promising takeover claims arrive in new report – Are the Premier League about to crack?

  1. I’ve closed my barklays account stating that I will not have anything to do with a business that supports a corrupt p l the man I spoke to said I’m not the first and wished us luck he is a Aldershot town fan

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  2. Qatar bribe money to the FA to allow them to keep middle east SKY distribution and stop Saudi from out bidding them for it. And building a better team at Newcastle than Man City.
    Remember Qatar bribing FIFA for the world cup. Come on you journalist’s, there’s a massive FA corruption story here, get digging.

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  3. Just tell the truth PL that’s all us fans can ask of your organisation then it’s up to the parties what to do next. Either walk away for good or decide if the group wants to pursue with the purpose take over.

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  4. Due to personal reasons for protesting this debacle, I am now living in a cave off the coast of Wrexham (with no internet connection). I pre-typed my daily comments in April and have instructed my advisers to post until October 4th, which is when I stopped writing future comments.

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  5. ‘Sources close to the bid’ believe there is now a ‘growing sense of optimism’.

    Are these the same people who have insisted from the very beginning that they see no reason
    why the bid should not go through?

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  6. For me…I would totally block ANY business between us and the top 6/8 teams who want us destroyed .
    If you’re not one of the dissenting ‘super’ clubs than back us or stack us.
    Hypocracy and corruption is rife .
    The truth will out eventually. We still have a steong hand.

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  7. No actual comments from anybody within the FA, PIF or NUFC to say this is all true, as the exclusive rights have expired(Big story by alot of journalists last week) there is no reason to not announce anything.

    It appears the media are stringing this along as they always have, and for me there is no actual evidence in quotes from Mike Ashley, The FA or PIF to say “Yes, its still on” after they publicly withdrew there bid.

    Souces close to doesn’t cut the mustard as its another term for “I will have a guess and read between them lines and then put 2+2 together to get 5”

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  8. For 13 yrs we’ve been chasing ghosts and clinging on to rumours. What’s so different about this article?
    The deal is dead, nobody will publicly admit mistakes or biases.
    Maybe changes will be made but they will be behind closed doors with no admitted guilt.
    It’s about time we stopped acting like battered wives, grow a pair and vote with our feet.

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