Amanda Staveley and the consortium she put together were going to give Steve Bruce a season to show what he could do at Newcastle when some investment was made into the playing side of the club.
That’s some of the news that has come out of the disaster yesterday, it was around 4:00pm when it was announced that the Saudi PIF had decided to pull out of the deal.
Something some journalists had reported would never happen.
But we think what happened was the Premier League CEO Richard Masters said to them they were simply not going to make a decision on the takeover and this thing would drag on and on and he persuaded them to withdraw.
That got the Premier League and Rochard Masters out of a hole they had so carefully dug for themselves since they received the takeover papers on April 9th.
Richard Masters – the weak and timid Premier League CEO
Iy now looks like they never wanted to OK the deal from the start, and they were looking for some way to specifically turn it down.
When they couldn’t find that they sat on the fence and wouldn’t make a decision, something they should not have been allowed to do.
We wonder if another big buyer comes in for Newcastle what they will find wrong with the new deal, or whether they will just take the same tact and not make any decision.
It’s really a disgrace what the Premier League have done, and Ms. Stavley tells us the top Premier League clubs were against the takeover from the start.
That’s simply because we would be a real danger to all that money they were making in Europe every single season.
And a revitalized Newcastle United, with our mad=gnificent fan base, would very soon become a power to be reckoned with in European football.
But CEO Richard Masters caved to those clubs and other pressures, and notice we didn’t get any reason(s) why the deal was not passed, after being almost four months in their owners’ and directors’ test.
It’s worked out perfectly for Masters and his cronies.
But woe betide him if we have another bid into the owners’ ad directors’ test and the tries to do the same thing.
There should be an independent investigation as to why the Staveley bid did now pass the owners’ and directors’ test – where specifically did it fail.
And what clubs were pressuring Masters to say no?
The Premier League have gone way down in our estimation and Masters is simply a puppet to the big clubs.
They must think he’s an excellent CEO – protecting what’s becoming a monopoly for them in Europe.
And yes, we must move on – once the hurt and even more dashed hopes diminish.
Comments are very welcome.