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Are The Bin Zayed Group Currently Undergoing The Owners’ And Directors’ Test?



It was once called the fit and proper person test.

That’s what an owner had to undergo before they could own an English League club and one that presumably Mike Ashley passed way back in 2007 when he took over Newcastle.

The test is now called the owners’ and directors’ test and simply checks that the owner has no criminal background, and then it’s all about the finances they have.

It’s general for all English clubs and the specific test for the Premier League is set out in Section F of the Premier League Handbook.

This is what former Premier League Chairman Richard Scudamore has said about the owners’ and directors’ test for the Premier League:

“There are some people who don’t run the clubs very well but that’s not what the owners’ and directors’ test covers.”

“The test is based on two things fundamentally – have you committed any of the crimes that say you cannot possibly own a club, and then it’s down to the finances.”

“We spend a lot of money on this and find out things the investment banks can’t find out sometimes. We have very deep and resourceful intelligence networks.”

Most owners can get through the checks reasonably quickly if they have no criminal background and can show they have plenty of money.

But it still can take up to two weeks, and it’s uncertain whether the Bin Zayed Group have reached that point.

The Chronicle today are saying the Premier League have said they are not at that point.

But we haven’t heard that one before with the Bin Zayed Group saying they are undergoing “the so-called fit-and-proper (person) Premier League process – which is the old name for the test.

In fact, the Chronicle are still reporting every single day that Mike Ashley is still waiting for an official offer to come from the Bin Zayed Group.

That has everybody so confused, given what the Bin Zayed Group have said publicly.

This is what Director Midhat Kidwai of the Bin Zayed Group put out in late May:

“In consideration of the numerous speculations in regards to the timelines of the acquisition of Newcastle United Football Club by Bin Zayed Group, we feel the need to issue this statement.”

“Terms have been agreed between us and Mike Ashley; these terms have been reflected in a document, signed by both parties, which has been forwarded to the Premier League.”

“The proof of funds statement was forwarded to Mike Ashley’s lawyers on 17 April 2019.”

“The so-called fit-and-proper Premier League process is a standard procedure which will take time, and we are doing all we can to assist the Premier League during this process.”

“We feel the need to clarify this point in order for the fans and the general public to understand the timelines.”

Since then, the creation of the Monochrome Acquisition Limited holding company has happened.

That definitely suggested a takeover was in progress.

But nobody outside the two parties knows precisely what is happening and all we can do is wait for something to happen.

Unfortunately, that’s been the situation at Newcastle since our last game of the season back on May 12th, with not one word of communication coming from the club.

🙁


76 comments so far

  • Shadow_Shearer

    Jun 21, 2019 at 9:33 AM

    Comment #1

    This seems to be a never ending test

    5
  • Sheik-en but not stirred

    Jun 21, 2019 at 9:34 AM

    Comment #2

    Today is the day!!!! I have a good feeling about news today

    3
  • Harley

    Jun 21, 2019 at 9:36 AM

    Comment #3

    Good god this is so tiresome!!

    2
  • geordietom

    Jun 21, 2019 at 9:41 AM

    Comment #5

    morning all …

    i think dubai micky got a bit mixed up is all …

    if Rafa has left us i dont think he would leave without informing us …

    i’am still hopeful the take over is ticking along slowly when it happens it will be all over the media …

    so what can i say but keep the faith people…

    1
  • Frank pingles come sock

    Jun 21, 2019 at 9:42 AM

    Comment #6

    Well if caulkin is to be believed

    Then no it hasn’t been started as the second bidder (who apparently is in touch with and knows who they are) are still in discussions

    So i dont think (not 100%) that bzg would be allowed to go through the fit and proper test if there is another party still in the frame ?

    I think thats what caulkin has bern told hence the reason all local journos believe this process hasnt began

    Not sure if its all guesswork from caulkin bit he knows more than most

    2
  • RobLeenio

    Jun 21, 2019 at 9:43 AM

    Comment #7

    Happy Litha, everyone.

    Today is the day when the Goddess is full and pregnant with child, when the Sun God is at the peak of his power. The Oak King is in abundance and the Holly King is cowering in the dark.

    Today is a day for celebration as we revel in the power of the Sun which brings light and life.

    An auspicious day, a powerful day. A perfect day for a takeover?

    Essex Geordie Bill, wherever you are today, have a word with the Goddess for us and see what she can do.

    7
  • Sheik-en but not stirred

    Jun 21, 2019 at 9:45 AM

    Comment #8

    Just out of curiosity…..

    What will everyones reaction be if this sale doesn’t go through??
    No renew season tickets?
    No buying merchandise?
    Protest??

    Or just continue to go to games and not do anything??

    I’m interested to know your opinions on what you will do

    4
  • WLtoon

    Jun 21, 2019 at 9:45 AM

    Comment #9

    Still feeling good about the takeover. Iy would be great if we heard something today but i reckon late next week will be more likely imo

    2
  • Mund

    Jun 21, 2019 at 9:46 AM

    Comment #10

    From previous post

    JP

    Same mate dream scenario for me would be to have no trace of that man anywhere near our club. Especially the advertising. Imagine never having to look at another sports direct sign ever again?? Sounds blissful doesn’t it? Hopefully that will be the case. Because once that man is out of our club, whether it’s this time or whenever I’ll never give the man a single thought ever again, he will seize to exist to me for the rest of my life. Because god knows ive had enough of Mike Ashley to last me 10 lifetimes.

    11
  • Mund

    Jun 21, 2019 at 9:48 AM

    Comment #11

    Robleenio

    Hoping your right mate but dare say if anything will be back end of next week, hoepfully.

    0
  • Jib

    Jun 21, 2019 at 9:51 AM

    Comment #12
  • hibbit

    Jun 21, 2019 at 9:53 AM

    Comment #13

    my personal guess and i have no information to back this up wold be the 30th of june that would appear to be the date when things will all alien 😉

    6
  • Jib

    Jun 21, 2019 at 9:56 AM

    Comment #14

    Taken over by aliens !!!!!
    Wahay

    9
  • hibbit

    Jun 21, 2019 at 9:59 AM

    Comment #15

    Spot on that one Jib thank you 😀

    8
  • Captain AmeriMag

    Jun 21, 2019 at 10:00 AM

    Comment #16

    Ed this article really is a perfect snapshot of the whole situation. Concise, factual statements from the MD of a serious player in the BZG group, followed by weeks of made up nonsense from the chronic who don’t have a clue. Summer Solstice today, a long exciting summer ahead for us, culminating 11th August at the St James’ Cathedral! Imagine the atmosphere when the lads step on to the pitch against Arsenal and we’re not all saying “a point will be great today”. It’s coming, not long to wait

    7
  • hibbit

    Jun 21, 2019 at 10:02 AM

    Comment #17

    bloody spellcheck…………………..LOL

    1
  • toon22

    Jun 21, 2019 at 10:02 AM

    Comment #18

    JIB

    How many of your alt accounts are pro MA too ?

    2
  • droppy in Wallsend

    Jun 21, 2019 at 10:06 AM

    Comment #19

    Jib

    I’d take aliens over a parasite any day.

    Of course as I said the other day it is entirely my fault.

    Have attempted to remedy this by putting the bin out in good time this week.

    1
  • toon22

    Jun 21, 2019 at 10:10 AM

    Comment #20

    I doubt we will hear anything before Rafa leaves since the current fakeover is intended to cover the bad PR

    1
  • toon22

    Jun 21, 2019 at 10:11 AM

    Comment #21

    Who do you think he will pretend to sell us to next time?

    5
  • DubaiMicky

    Jun 21, 2019 at 10:12 AM

    Comment #22

    Jib, good find, the last sentence says it all:-

    Newcastle United did not respond to a request to comment.

    10
  • JP...from The Rock

    Jun 21, 2019 at 10:16 AM

    Comment #23

    Mund – I long for the day I can get that twat out of my head as I won’t be constantly fearing what his next move will be. What is also a worry is how young the idiot is and is still luckily healthy enough to be our owner for many years to come. Hopefully that dreaded thought is just that a fearful thought and nothing more. Dubaimicky predicted early this week an announcement, maybe it’s today as Hatem stated yesterday. Let’s see if we’re lucky at last and we can completely forget this fool once and for all.

    1
  • WLtoon

    Jun 21, 2019 at 10:18 AM

    Comment #24

    Is it true about Raffas name being taken off the training ground doors. If its true i dont like the sound of that. Unless there is an explanation for it, other than the obvious

    0
  • geordietom

    Jun 21, 2019 at 10:19 AM

    Comment #25

    TOON22 …

    have you ever set foot in ST. JAMES’S PARK TO WATCH A MATCH ?

    4
  • geordietom

    Jun 21, 2019 at 10:19 AM

    Comment #26

    TOON22 have you ever been to NEWCASTLE ?

    3
  • geordietom

    Jun 21, 2019 at 10:21 AM

    Comment #27

    TOON22 have you ever been to TYNESIDE ? …

    3
  • RobLeenio

    Jun 21, 2019 at 10:22 AM

    Comment #28

    Wow, that New Statesman article is probably the single best summary of our situation, history and dreams that I have read. Very good.

    Next time Richard Keys gets on his high horse, or Rio Ferdibland starts spewing nonsense, all we need to is spam their twitter with that article.

    No comeback.

    18
  • Jib

    Jun 21, 2019 at 10:23 AM

    Comment #29

    grønn frosk
    Norwegian for green frog

    1
  • droppy in Wallsend

    Jun 21, 2019 at 10:25 AM

    Comment #30

    WLToon

    Where’ve you seen that?

    Geordietom

    I’m sure Toon22 has done all 3. Let it go mate

    1
  • geordietom

    Jun 21, 2019 at 10:28 AM

    Comment #31

    droppy …

    sorry mate but as long as he spouts his shite i’am gonna keep asking the questions …

    2
  • hibbit

    Jun 21, 2019 at 10:28 AM

    Comment #32

    RobLeenio

    Why wait ???????

    3
  • WLtoon

    Jun 21, 2019 at 10:29 AM

    Comment #33

    Droppy

    A blogger from a previous thread mentioned it as fact, unless it was a wind up

    1
  • geordietom

    Jun 21, 2019 at 10:30 AM

    Comment #34

    i recon TOON22 is crapping his self incase Fat Ash sells wor club …

    my reason he will have bugger all to talk about…

    1
  • droppy in Wallsend

    Jun 21, 2019 at 10:30 AM

    Comment #35

    GeordieTom

    Fair enough but you know he won’t answer. Still that’s your choice and I respect it.

    1
  • Charlie in the Gallowgate

    Jun 21, 2019 at 10:30 AM

    Comment #36

    Playing devils advocate here is the question/questions

    12 years under Ashleys’

    are Newcastle United in a better position
    i) Now
    ii) when Ashley took over or
    ii) stood still

    And are they financially better or worse off

    and is the squad better now or at the start of 2007/08 season
    Players at the start of 2007/08 season
    Given
    Rozehnal
    Geremi
    Cacapa
    Carr
    Taylor Steven
    Ramage
    N’Zogbia
    Milner
    Barton
    Butt
    Duff
    Smith
    Viduka
    Owen
    Martins
    Ameobi Shola
    Luque

    Footnote: 9 Teams that were in the Premiership now reside in lower divisions:
    Birmingham City
    Blackburn Rovers
    Bolton Wanderers
    Derby County
    Fulham
    Middlesbrough
    Portsmouth
    Reading
    Sunderland
    Wigan Athletic

    3
  • geordietom

    Jun 21, 2019 at 10:31 AM

    Comment #37

    anyway i’am not geordie tom i’am jib …

    0
  • geordietom

    Jun 21, 2019 at 10:33 AM

    Comment #38

    droppy wor lass is from wallsend ( well howdon )

    0
  • geordietom

    Jun 21, 2019 at 10:34 AM

    Comment #39

    jib you back from spain yet mate ?…

    0
  • RobLeenio

    Jun 21, 2019 at 10:36 AM

    Comment #40

    hibbit, you’re absolutely right! What was I thinking?
    😉

    0


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