Premier League chief executive Richard Masters has finally commented on the takeover attempt being led by Amanda Staveley to buy the famous Newcastle United football club from current owner Mike Ashley.
The £300M bid is 80% funded by the Saudi Arabia Sovereign Wealth Fund, and that’s only one of the problems faced by the takeover.
It’s been in the hands of the Premier League since April 9th, and there are recent noises it has finally been approved.
The Chief Executive of the Premier League, who currently has his hands full orchestrating the return of the Premier League through Project Restart, was asked about the takeover by BBC Sport’s Dan Roan.
Masters commented on the takeover, and this is the first time anybody from the Premier League has made any comment on the potential deal, so it’s important in that way.
This is the short answer Masters (shown above) gave to Roan:
“I can’t say anything about it. It’s an entirely confidential process and I can’t say anything to prejudice that process.”
“Our owners and directors test is what it is, it’s there for everyone to see. We will be talking about this on a confidential basis when we get to these issues.”
And we’re sure there are many ways to translate that into what Masters really meant, especially that final sentence.
The way I took at it is since he cannot talk on the takeover at all; he just waffled something so he could say he answered the question.
But others think his comment indicates the owners’ and directors’ test is still not complete.
NUFC360 brought up that last sentence in a tweet, and the Telegraph’s Luke Edwards responded:
This is what I thought…all we’ve been told from buyers in the last 48 hours is no red flags, no issues, all ready to be green lighted. This is either very clumsy or very deliberate. Can’t work out which but it’s a very strange answer https://t.co/ZW2tmbOs7S
— Luke Edwards (@LukeEdwardsTele) May 23, 2020
Not sure what that last sentence means.
There have been rumors that after the Newcastle takeover, the Premier League will update their owners’ and directors’ tests to include things like piracy of their games and even human rights issues.
Luke Edwards is right when he says it could simply be a very clumsy answer from the top man at the Premier League.
Let’s hope that’s the case.