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Report Claims Saudis Still Interested In Newcastle Takeover



Newcastle United have just issued a statement regarding recent ‘leaked’ confirmation from the Premier League that the club is in a live legal battle over the failed Saudi-backed takeover.

The Athletic has just written a report detailing the specifics surrounding the case and how Newcastle’s statement came about.

One interesting detail from the article is that it contends the Saudi’s are still very much keen on purchasing Newcastle United. While they withdrew their interest in July, that was due to frustration with the process which had become drawn out over a dispute of who would wield ultimate control at Newcastle.


The Premier League contended that the Saudi state, through the Public Investment Fund, would be an owner and therefore additional paperwork was necessary for the process to continue.

However, the Saudis were adamant they should not be listed as an owner but declined to go through independent arbitration.

The process ultimately stalled at this juncture and with no sign of give from the league, the Saudis pulled the plug in July citing the financial impact of Covid-19 as a primary reason.

It appears as though they are biding their time to see if Mike Ashley’s legal action against the Premier League will bear any fruit. If so, the hope would be that the takeover could be salvageagle.

However, that still seems like a longshot as there are many entities opposed to this takeover. We’ll see what happens going forward but won’t get our hopes up as they’ve been crushed too many times.

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33 comments so far

  • Mund

    Nov 19, 2020 at 4:54 PM

    Comment #1

    Hurry up then….

    3
  • toon22

    Nov 19, 2020 at 4:55 PM

    Comment #2

    Could this whole sh1t show be any more drawn out
    It’s boring now

    7
  • hibbit

    Nov 19, 2020 at 4:56 PM

    Comment #3

    ****just to clear up a misconception on the blog****

    any claim for compensation would come after the result of arbitration tribunal was announced,

    6
  • Mund

    Nov 19, 2020 at 4:57 PM

    Comment #4

    Agreed 22 it’s frustrating alright but it’s a normal day in the life of a Newcastle fan is it not? Lol

    Let’s hope it’s not long before we never have to feel this way again

    3
  • geordietom

    Nov 19, 2020 at 4:59 PM

    Comment #5

    Hibbit question .

    do you think Ashley is after compo ?

    2
  • HpoolMag

    Nov 19, 2020 at 5:00 PM

    Comment #6

    Hibbit- serious question as I havent a clue but for fat lad to peruse compensation would he have to go to arbitration first or could he take a different route

    0
  • The mighty wyn

    Nov 19, 2020 at 5:00 PM

    Comment #7

    Hibbit yep I agree
    That’s why I think it about the sale and not damages
    Would like to know who appoints the panel. I presume it would have to be agreed by Ashley’s side and not include anybody with so called top 6 connections

    3
  • geordietom

    Nov 19, 2020 at 5:04 PM

    Comment #8

    wyn …

    i dont think Ashley’s legal people would want/allow anyone from the top 6 to be involved in the case . and i like you think its about selling the club …

    2
  • Optimistic prime

    Nov 19, 2020 at 5:05 PM

    Comment #9

    Hartlepool

    I’m still skeptical too, it aint over yet, until its done I’ll always be unsure.

    0
  • JohnJ

    Nov 19, 2020 at 5:07 PM

    Comment #10

    Do be honest for me it’s “take over” first and foremost!

    Any compo can & will be sorted later on after the party!!!

    1
  • WLtoon

    Nov 19, 2020 at 5:08 PM

    Comment #11

    Evening all, it`s starting to hot up on the takeover front eh, so there is something going on after all.
    I can understand Jail and his guarded view of this news, i have been the same for a few weeks, and understandably so, but this latest reveal , or rather confirmation, that their is legal action being taken , is very encouraging.
    Jamie Reuben leaving QPR and not apparently having a new role anywhere else is the reason i think that the goal is a takeover, not just compensation for Ashley.
    Getting everything in order, just in case, kinda thing.

    8
  • toonluvva

    Nov 19, 2020 at 5:08 PM

    Comment #12

    I think or Beloved Owner would like to sell NUFC and if it is blocked, he will go for compensation. This compo will only be available if it is proven that the PL did not act according to it’s own rules etc etc.

    Perhaps Christmas will come early this year!

    Keep your fingers crossed, and hope for the best.

    HWTL!

    3
  • hibbit

    Nov 19, 2020 at 5:08 PM

    Comment #13

    geordietom
    i personally don’t think he’s in it just for compensation,
    but if the court finds in his favor he most certainly will be entitled to compensation and costs even if the sale eventually gets the go ahead and goes through ,

    0
  • north east lincs toon

    Nov 19, 2020 at 5:11 PM

    Comment #14

    Ryan Reynolds,best mates Grandmas neighbours landlord wants to buy from mash as long as throws in a sports direct mug

    1
  • hibbit

    Nov 19, 2020 at 5:12 PM

    Comment #15

    HpoolMag the rewards would be greater if he wins at the tribunal rather than just taking a settlement

    0
  • geordietom

    Nov 19, 2020 at 5:12 PM

    Comment #16

    hibbit …thats the answer i was looking for off you cheers …

    the compensation i knew about that if they approve the takeover …

    2
  • WLtoon

    Nov 19, 2020 at 5:16 PM

    Comment #17

    The site of Al Ramayyan at the top of the page takes me back to March when all the speculation started doing the rounds ,and we all know how it ended.
    I would like to think that this time, the image of his mugshot won`t be just a vague memory of something that nearly was, and instead, his face will be something we get used to as a member of the new board at Newcastle United.
    Come on Amanda sweetheart, put a huge smile on every geordie`s face.

    7
  • jane

    Nov 19, 2020 at 5:32 PM

    Comment #18

    day 224 of the takeover.

    3
  • Rotonda heights

    Nov 19, 2020 at 5:39 PM

    Comment #19

    The Chinese consortium who bought Soto had to go to appeal and arbitration and it took 8 months, so everything crossed we’ll get to the promised land too.

    6
  • Munster Mag

    Nov 19, 2020 at 5:39 PM

    Comment #20

    There’s no takeover. Tsunki said so, so it has to be true. It’s the economy ya see, covid and all that. And tsunki knows lads, he just does.

    5
  • Munster Mag

    Nov 19, 2020 at 5:39 PM

    Comment #21

    That’s the spirit Rotonda.

    0
  • Tsunki

    Nov 19, 2020 at 5:43 PM

    Comment #22

    Munster see

    https://www.nufcblog.com/2020/11/19/374494/#comment-2356554

    Post #3 for your reference.

    Also please see Eds comment in the above article where I quote “The process ultimately stalled at this juncture and with no sign of give from the league, the Saudis pulled the plug in July citing the financial impact of Covid-19 as a primary reason.”

    As everyone is pursuing peace I suggest you make an effort not to throw bait into the water again.

    11
  • Tsunki

    Nov 19, 2020 at 5:45 PM

    Comment #23

    Now if I might be afforded a modicum of opinion here without fear of savage reprisal ha ha I don’t see where the Saudi Consortium are involved or cited in this legal process unless someone has a snippet of credible info?

    7
  • Tsunki

    Nov 19, 2020 at 5:46 PM

    Comment #24

    Enjoy the hearts, meanwhile, there are like minded …….. Individuals who see things the way you do, that has to be encouraging hasn’t it?

    2
  • The mighty wyn

    Nov 19, 2020 at 5:51 PM

    Comment #25

    Tsunki I understand your pessimism but if they weren’t involved what would there be to arbitrate upon.
    Not wanting an argument as you’re entitled to your opinion but I can’t see why there would be arbitration if there wasnt still a sale in the offing

    10
  • HpoolMag

    Nov 19, 2020 at 5:57 PM

    Comment #26

    Dont like the way this is all starting to play out in the media again

    2
  • jane

    Nov 19, 2020 at 6:05 PM

    Comment #27

    could the arbitration be about whether the PL handled the takeover correctly?

    1
  • Mund

    Nov 19, 2020 at 6:06 PM

    Comment #28
  • mactoon

    Nov 19, 2020 at 6:07 PM

    Comment #29

    Just 2 thoughts on this.

    The Saudis withdrew their offer stating the purchase was no longer financially viable and they have not uttered one word since so I haven’t seen any evidence of their continued interest. Without them, no deal.

    We don’t know the exact intention of Ashley’s legal challenge. It could be to try and prove the EPL didn’t carry out their procedures correctly but what is his reason for doing this? It could be to try and reignite the takeover or purely for personal compensation.

    We just don’t know and Ashley just wont tell us.

    10
  • hibbit

    Nov 19, 2020 at 6:08 PM

    Comment #30

    wyn if Ashley can proof he lost the sale or the Saudi bid was withdrew from the sale because the PL used illegal or underhand tactics to foil the sale, or that third parties were involved in the decision making he would have a very strong case and compensation would then become a major factor in his thinking and rightly so in my opinion

    6
  • jane

    Nov 19, 2020 at 6:08 PM

    Comment #31

    like this..

    “both Mrs Vardy and Mrs Rooney had agreed for a “stay” of proceedings until February, so there could be “one final attempt to resolve the matter without the need for a full trial”.

    https://www.bbc.co.uk/news/uk-england-55002139

    1
  • The mighty wyn

    Nov 19, 2020 at 6:25 PM

    Comment #32

    Hibbit I get that and it could well be that. I just think that he would have gone straight to court to sue for damages
    Whereas arbitration aims to settle disputes rather than specifically apportion blame.
    I guess we dont know what has been asked to arbitrate on but the last mention of that was to do with the saudi state and pif so we can only guess as to that being the issue
    Maybe I’ve just got my hopeful that on

    5
  • hibbit

    Nov 19, 2020 at 6:34 PM

    Comment #33

    Tmw agree mate these guys are way above my pay grade all we can do is sit back and try and enjoy the ride,

    tea time in the hibbit household hope the peace holds and you all enjoy your night,

    1


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