Newcastle fans have been going through significant pain since late March when we were told a takeover attempt led by Amanda Staveley and primarily funded by the Saudi Arabia Public Investment Fund, was ongoing and close to completion.
Yes, another one.
It entered the PL’s owners’ and directors’ test on April 7th.
Maybe it will all come to an end next Tuesday when the World Trade Organization (WTO) is expected to issue a 130-page final report stating that Saudi Arabia is behind the pirate satellite TV station beoutQ.
They have been stealing the Premier League streaming of games being broadcast from Qatar-based beIN Sports for some time.
But even if that’s the case, it’s nothing to do with the Public Investment Fund (PIF) run by PIF governor, Yasir Al-Rumayyan, which is part of the deal.
The PIF governor is likely to become the new Newcastle Chairman.
And notice that we have a well-respected and powerful woman in her own right leading the charge in Ms. Staveley.
That also helps to buttress the terrible human rights issues of Saudi Arabia that are being thrown at the takeover attempt.
Again, it has nothing to do with the PIF, other than it’s based in Saudi Arabia.
And the Newcastle United Supporters Trust (NUST) have wisely said they will try their best regarding the human rights issues in the kingdom, or words to that effect.
PIF Governor, Yasir Al-Rumayyan
But governments around the world have turned their backs on what’s been happening in Saudi Arabia.
They include the US and the UK, who both still do business (in arms) with the kingdom, so why should a takeover of a football club be the one to be punished?
There was an article in The Mag yesterday or the day before that I read when I was a bit under the weather (just like the proposed takeover), and there was one line in there that really was classic.
The owners’ and directors’ test is a legal test – not a moral test.
And that isn’t only true and beautifully phrased, but it has to be why the Newcastle takeover will finally go through.
And that, in a nutshell, is the argument Amanda Staveley will make.
There’s news the consortium can pass the current tests in the owners’ and directors’ test, and the PL cannot move the goalposts now, although they may want to consider new rules for future owners.
So we expect the takeover to finally complete in our favor.
If it doesn’t, then Newcastle United have nonetheless had some great worldwide publicity this year.
A city full of passion for football have had their famous football club held back by a mean owner for far too long and want and need a new owner who matches their high ambitions for success.
We are told at least two American groups are only too willing to move in if the Saudi takeover fails, one being the Californian Billionaire Henry Mauriss.
And one last thing the Premier League have to consider if they turn down the current acquisition attempt.
The decision will be appealed by Ms. Staveley, and if that’s not successful, she will likely sue the Premier League on the legality of their decision.
That could technically at least, tie things up for a long time in the courts.
It’s not an easy choice either way for the Premier League, but they have to make a legal decision and not a moral or emotional one.
That’s why this deal will go through after the Premier League has taken the Newcastle fans through the wringer quite a few times since early April.
But then we will soon become a world-class force in football and be widely known around the world.
So be it.
Comments are welcome.