Chi’s initial letter asking for clarity, answers and transparency from the Premier League was issued to the Premier League CEO two weeks following the collapse of an Amanda Stavelely-led bid, and she’s now shared their response in the last few moments.
Masters states that the consortium was offered the prospect of an independent arbitration after the Premier League concluded that PIF and the Kingdom of Saudi Arabia are not separate entities, but the PIF declined.
He also confirms that the bid WAS withdrawn a fortnight ago and insists that no other Premier League clubs had a say on the matter or objected to the takeover bid, insisting the Owners and Directors test is objective, not subjective.
Read his response in full here:
Sadly, I fear this initially exciting yet painfully prolonged and ultimately exhausting Saudi takeover saga may be over.
That said, no matter what happens next, Newcastle United fans should be proud of their efforts over the past few weeks, with our collective push for answers clearly playing a part here. Without it, who knows if we’d have ever received this level of communication from a man who’s been in hiding for several months.
As Chi states below, it ‘acknowledges the importance of fans and provides some new information’, but does NOT offer the ‘reassurance or transparency’ she believes all Newcastle United fans want.
What do you make of this response from Mr.Masters?