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Takeover (Covid-19/20)

Discussion in 'Newcastle United' started by RobEllious, Mar 30, 2020.

  1. It's_all_Greek_to_me

    It's_all_Greek_to_me Well-Known Member

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    I suspect that others are waiting in the wings.
     
    #40121
  2. Prince Isak (GG)

    Prince Isak (GG) Well-Known Member

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    @Sheikh_of_Araby quite rightly pointed out that his opinion is only based on the PL half of the argument. When he sees our side he may change his opinion.

    But your also right is till feel he has a natural bias to not go against his own initial opinion.
     
    #40122
    It's_all_Greek_to_me likes this.
  3. Toonitus

    Toonitus Well-Known Member

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    I know I take the piss lads, but I care about this club and this city.. We're still in with a chance here and that's keeping me going atm.

    It was all over in July last year, but we're literally 1 - 1 and in extra time heading towards penalties here and I've found it hard to keep myself calm.
     
    #40123
  4. Mick O'Toon

    Mick O'Toon Well-Known Member

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    please log in to view this image


    Seriously though would the Project Big Picture and ESL not provide evidence to show their influence and intentions?
     
    #40124
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  5. Prince Isak (GG)

    Prince Isak (GG) Well-Known Member

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    If PIF truly are confident and MA clearly is. Given the CAT claim. I’m of the same opinion as you in that they must have some pretty damning evidence.

    Enough so for the PL to request the extensions. What I cannot fathom is what they honestly expect to achieve with said extension time. Surely the evidence they have is already there, documented. It’s not like the opposition trying to pull evidence together. They have it already?

    What could they possibly hope to achieve other than it literally delaying the inevitable?

    Could it be that for them to accept defeat in our ARB case creates a separate legal battle with BEIN and the big six. Maybe the time isn’t for our case but to start preparing for the fallout?

    Case let’s face it BEIN and the big six are not just going to shrug their shoulders after all their dirty washing has been left on the line.
     
    #40125
    It's_all_Greek_to_me likes this.
  6. Prince Isak (GG)

    Prince Isak (GG) Well-Known Member

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    It’s all good mate. Your just an emotional chap. Nothing wrong with that.

    But as I’m on a high and your on a low please from now on accept that I am always right and you are only right when it’s in agreement with me.:1980_boogie_down:

    Just kidding.
     
    #40126
  7. Toonitus

    Toonitus Well-Known Member

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    Most the time I'm just being daft and trying to scrammble brains mate.. I just every now and then say something serious..
     
    #40127
  8. Prince Isak (GG)

    Prince Isak (GG) Well-Known Member

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    #40128
  9. Toonitus

    Toonitus Well-Known Member

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    #40129
  10. Prince Isak (GG)

    Prince Isak (GG) Well-Known Member

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    One day mate one day your mind will be blown away with Mbappe running down the wing crossing the ball into the box for Joelinton to head it into the top corner. The crowd goes wild and VAR is nowhere to be seen.

    Joelinton runs up to the fans lifts his shirt up to reveal a picture of Captain Chaos, Joelinton smashing his chest and shouting “That is for you Mr Chaos, you never stopped believing in me”.

    Joelinton goes on to win the golden boot and NUFC are premier league champions!
     
    #40130

  11. Prince Isak (GG)

    Prince Isak (GG) Well-Known Member

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    The Newcastle United takeover saga is nearing its climax after more than a year of uncertainty at St James’ Park. Mike Ashley’s anti-competition suit will begin next month and the long-awaited Premier League arbitration is scheduled to take place in July.

    The Newcastle owner is taking legal action against the league after it refused to sanction the £300 million buyout of the club by a consortium backed by Saudi Arabia’s Public Investment Fund (PIF). The case is due to come before the Competition Appeal Tribunal (CAT) and it emerged this week that the Premier League asked for a delay in proceedings.



    On Tuesday the president of CAT postponed the start of the hearing until 11 June – four days fewer than the league requested. The Hon Mr Justice Roth also revealed that the separate arbitration action is set to take place in July, although the Premier League asked for more time to prepare in this case, too.

    The claim before CAT concerns restrictions on potential new owners by the league and its member clubs. Ashley – and those connected with the Amanda Staveley-led Saudi takeover – believes that a number of top-flight teams encouraged blocking the sale because they fear Newcastle emerging as a significant power in English football.


    CAT hearings are conducted in the open. The case will likely last beyond July but evidence will be in the public domain.

    The arbitration will be held in private. Most Premier League cases are carried out behind closed doors. Ashley challenged the appointment of Michael Beloff QC as chairman of the panel but the objection was overruled.


    Newcastle contend that the league has never rejected the Saudi-backed bid and merely stalled in giving a decision under the owners’ and directors’ test. The Premier League is concerned that PIF’s involvement means that Newcastle would be operated as a state-owned entity. Staveley contends that the day-to-day running of the club would be independent of PIF. The investment fund proposed to put up 80 per cent of the cost of buying Newcastle, with Staveley’s PCP Capital Partners company and the billionaire Reuben brothers contributing 10 per cent each.

    One of the big issues surrounding Riyadh’s involvement in English football was the hacking of BeIn Sport, the Premier League’s broadcast partner in the Gulf, by Saudi pirate television stations. The Qatari-based BeIn believed that the hijacking of their channels could not have been achieved without state backing. Saudi Arabia and its allies imposed a three year blockade on Qatar that ended in December. Relations between the neighbouring nations have been restored but continue to be delicate. The disruption of BeIn’s signals have ended.

    PIF’s appetite to invest in Newcastle remains strong. Despite withdrawing their offer last summer, those around the consortium have always insisted that the deal would eventually get done. They are confident the arbitration process will conclude with the takeover getting the green light.

    Supporters are as desperate to see the back of Ashley as the businessman is eager to get rid of the club. Amnesty International have flagged up Saudi Arabia’s questionable human-rights record. Hatice Cengiz, the fiancée of Jamal Khashoggi, the journalist murdered after entering the Kingdom’s consulate in Turkey three years ago, pleaded with fans to reject Saudi ownership. Any ethical concerns appear to have little impact on Tyneside and even local Labour MPs have called for the Premier League to endorse the takeover.


    The botched breakaway by the Big Six and the attempt to form a Super League has put a sharper focus on football governance and there have been calls for independent regulation of the game. The Premier League will resist any attempt to impose outside control but losing either the CAT case or the arbitration would add to the impression that the sport’s ruling bodies have no clear sense of purpose.

    The success of Manchester City, who are backed by the Abu Dhabi royal family, has generated a belief that a Saudi takeover would have a similar impact at Newcastle. Sources close to the bid have always played that down. If PIF eventually get their target, the club would be expected to fund itself. There are no plans to inject huge amounts of cash to fund a splurge in the transfer market.


    Newcastle’s future should be much clearer by the start of next season. For better or worse, the end of uncertainty cannot come quickly enough for Ashley and the supporters.
     
    #40131
  12. Toonitus

    Toonitus Well-Known Member

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    I just want to go to the games and look fwd to it.. It doesn't have to be big money just like to feel like it matters.. It didnt feel like it mattered to the club anymore under Ashley.. The match days were not enjoyable for me anyway others will disagree but that just my feelings
     
    #40132
  13. Roland Deschain

    Roland Deschain Well-Known Member

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    I agree. I’m not bothered about plastic success like City, though I’d take it - just a club that gives a ****.
     
    #40133
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  14. Toonitus

    Toonitus Well-Known Member

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    Unfortunately the masses think they can just walse in and start signing Mbappe. I don't know why when they've already said its a process... 250 Millioneith no big players sold over 5 years plus a new training ground etc is a huge step fwd though... It means in 5 years they can potentially crank it up anyway...

    I'd be delighted with even half of that
     
    #40134
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  15. Roland Deschain

    Roland Deschain Well-Known Member

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    Id be happy to see the stadium given a wipe down and an upgrade on wheelie bin baths:
     
    #40135
  16. Toonitus

    Toonitus Well-Known Member

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    They'll build a training ground I suspect and give everything a lick of paint.
     
    #40136
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  17. Toonitus

    Toonitus Well-Known Member

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    The haters bottoms are twitching again but thankfully the independent points out its not a big sportswash or a man City like takeover, so if that seeps out the haters will go a bit easier on it I feel..
     
    #40137
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  18. Prince Isak (GG)

    Prince Isak (GG) Well-Known Member

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    I think it also fits in with the current owners ethos. Steady progression. Not money doping etc.

    Just hold old fashioned well ran football club. That strives for progress.

    That would be more than enough for the fans.
     
    #40138
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  19. Toonitus

    Toonitus Well-Known Member

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    All things considered it's not the immediate threat theyre worried about its the fact that they CAN over time cause them a problem
     
    #40139
  20. It's_all_Greek_to_me

    It's_all_Greek_to_me Well-Known Member

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    The thing is with arbitration - If they rule that PIF are not separate then the panel and PL are saying that our own Government, which includes the Attorney General (a QC,) are wrong. That is a fairly enormous and ludicrous position to take. Thry are saying that Parliament including the House of Lords are wrong. They are saying that all trade relationships with PIF are based on an error.

    Separation is a legal fact. The Royal Court of Saudi Arabia has ruled on it. It is not for our legal system to say 'actually you are wrong.' PIF are a sovereign wealth fund set up by Royal decree. They exist to benefit the economy of KSA. But they are not 'run' by the Royal family. Their day to decision making is delegated to the Governor and CEO - Bander Mogren and Yasser Al Rumayysn respectively. They sit on a PIF board with MBS. But it is they who influence policy and make the decisions relating to investment. MBS is nothing more than a figurehead. PIF is a fund. It does not act to make policy decisions for the state and the state does not make policy decisions for PIF. There is autonomy.

    PIF are a separate legal entity. They are a UK registered company as per the Companies Act. Their directors are Mogren and Al Rumayyan. Not MBS; not KSA. So how exactly is there even an argument to say otherwise? KSA/ MBS does not control.
     
    #40140

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