Dave Posted July 31, 2020 Posted July 31, 2020 Ignoring the human rights and blood money conversation, after it became impossible to watch football legally in Saudi Arabia this did feel like an inevitably. The PL have a right to protect their brand and more importantly the jobs of all their employees (even more so in the current climate). They're never going to change an entire culture where people expect everything for a small price via illegal streaming channels. Im gutted for Newcastle United fans. Everything about that football club screams next major investment because of the scalability. Hopefully the other parties are still interested in investment.
Honey Honey Posted July 31, 2020 Author Posted July 31, 2020 1 hour ago, The Palace Fan said: Ignoring the human rights and blood money conversation, after it became impossible to watch football legally in Saudi Arabia this did feel like an inevitably. The PL have a right to protect their brand and more importantly the jobs of all their employees (even more so in the current climate). They're never going to change an entire culture where people expect everything for a small price via illegal streaming channels. Im gutted for Newcastle United fans. Everything about that football club screams next major investment because of the scalability. Hopefully the other parties are still interested in investment. Problem is preventing or approving the takeover does nothing to protect jobs around piracy. The club has been used as a pawn. Tens of millions of investment in Tyneside is lost unfortunately. Deals with a council that has lost £67m through COVID, including on housing projects was all in the pipeline. The takeover was more than the Saudi's, it was also the richest property developer brothers in Britain who've been doing a bit of development in the city and were going to ramp that up around the club.
Subscriber CaaC (John)+ Posted July 31, 2020 Subscriber Posted July 31, 2020 FFS Newcastle takeover: Mike Ashley still '100% committed' to Saudi deal - Lee Charnley Newcastle United owner Mike Ashley is "100% committed" to the Saudi Arabian-backed takeover of the club, says managing director Lee Charnley. On Thursday, the consortium aiming to buy the club for £300m said it was pulling out with "regret" after losing patience with delays. The deal had been scrutinised under the Premier League's owners' and directors' test for almost four months. But in a statement, Charnley seemed to suggest the deal could be resurrected. BBC Sports
Eco Posted July 31, 2020 Posted July 31, 2020 I'm just catching up, but why are clubs upset by this? Middle Eastern ownership isn't new, and the league without Mike Ashley seems like a better place.
Honey Honey Posted July 31, 2020 Author Posted July 31, 2020 29 minutes ago, Eco said: I'm just catching up, but why are clubs upset by this? Middle Eastern ownership isn't new, and the league without Mike Ashley seems like a better place. BEIN sport wrote to them all asking them to take a stand as retaliation for IPTV piracy of Premier League games going on in Saudi Arabia. Clubs desperate for Qatari sponsorship funds were quick to jump at their aid.
Burning Gold Posted July 31, 2020 Posted July 31, 2020 All these Qatar conspiracy theories are fine, but fucking Amnesty International came out against it. As did Jamal Khashoggi's widow. Unless they're in Qatar's pocket as well, there's a bit more to it than unscrupulous football clubs wanting a bit of extra cash. Thoughts first and foremost go out to the Newcastle fans who made a show of themselves equivocating and making excuses for KSA's crimes and now won't even have a good football team to show for it.
Honey Honey Posted August 1, 2020 Author Posted August 1, 2020 9 hours ago, Burning Gold said: All these Qatar conspiracy theories are fine, but fucking Amnesty International came out against it. As did Jamal Khashoggi's widow. Unless they're in Qatar's pocket as well, there's a bit more to it than unscrupulous football clubs wanting a bit of extra cash. Morality seemingly was never a stumbling block to approval unless the request to add the state of Saudi Arabia as a director was a last minute test of that. The holdup was entirely about piracy complaints from Qatar according to journalists with Premier League sources. If clubs were part of that holdup it's unlikely to be about Amnesty International joining an NUFC fans video call with thousands and who opposed Man City's takeover, more likely to be about what actually held it all up. Or club involvement is being overblown and exaggerated by Staveley. If Manchester United opposed it when they have deals with the Saudi government and receive sponsorship money from a PIF owned company then you'd know with them it has nothing to do with morality. At the end of day the Premier League didn't get the answers to the questions it wanted despite the insistence by the consortiun that they had answered them. It would be nice to know what they were, where they came from and what the insufficient answer was and the timings. When PIF shares in major companies entitle particular voting rights, does MBS have the ability to decide which way PIF will vote, soft or hard power. The answer is probably yes. So the directorship request may be legitimate. This takeover will stay dead because the Saudi state won't bend to that requirement.
Honey Honey Posted August 1, 2020 Author Posted August 1, 2020 It's clear that Staveley, the Rueben's and PIF want to use the supporters to get what they want or need from the Premier League. That seems to be taking shape via a petition to the Prime Minister for an independent inquiry into the takeover process which has 25000 signatures in 24 hours. What's not clear is which side is in the right. We don't know if the requests from the Premier League are legitimate and fair and thus PIF just don't want to answer them or if the requests and process is being manipulated to not give approval. Chi is great though. Superb letter.
Dave Posted August 1, 2020 Posted August 1, 2020 On 31/07/2020 at 10:28, Harvsky said: Problem is preventing or approving the takeover does nothing to protect jobs around piracy. The club has been used as a pawn. Tens of millions of investment in Tyneside is lost unfortunately. Deals with a council that has lost £67m through COVID, including on housing projects was all in the pipeline. The takeover was more than the Saudi's, it was also the richest property developer brothers in Britain who've been doing a bit of development in the city and were going to ramp that up around the club. Your right, your club has been used as a pawn, but if the PL lose money on a global scale due to piracy then jobs will inevitably be a consequential effect. Whilst I feel for the fans and the community I wouldnt give up hope just yet. There are still interested parties, and Mike Ashley seems to be willing to leave in the current climate. I imagine there will be some haggling with other parties but i still think theres just as much chance he will leave in the next 12 months as there was a fortnight ago.
Honey Honey Posted August 1, 2020 Author Posted August 1, 2020 4 hours ago, The Palace Fan said: Your right, your club has been used as a pawn, but if the PL lose money on a global scale due to piracy then jobs will inevitably be a consequential effect. Whilst I feel for the fans and the community I wouldnt give up hope just yet. There are still interested parties, and Mike Ashley seems to be willing to leave in the current climate. I imagine there will be some haggling with other parties but i still think theres just as much chance he will leave in the next 12 months as there was a fortnight ago. I'm not convinced there are others any time soon. The club has effectively been for sale for 10 years and only now has someone come up with the required funds. I suspect that's the real reason Ashley is panicking.
Spike Posted August 1, 2020 Posted August 1, 2020 I think NUFC should just be folded for the good of Geordies everywhere
Honey Honey Posted August 2, 2020 Author Posted August 2, 2020 A bloke who has been in jail for financial fraud is supposedly negotiating on behalf of Henry Mauriss No doubt the Premier League would pass that fit and proper test within a couple of minutes
Honey Honey Posted August 2, 2020 Author Posted August 2, 2020 2 week deadline. Here's what one journalist wrote in early July suggesting Qatar are behind Mauriss bid in order to derail the Saudi's. Quote Wajahat S. Khan wrote: “According to sources privy to conversation and written correspondence between them, Mauriss was pushed to make the bid by Nasser Al-Khelaifi, owner of PSG. “The sources, who chose to remain anonymous, claim Al-Khelaifi is baiting Mauriss. “If the American disrupts the Saudi-bid and buys Newcastle, then Al-Khelaifi’s beIN Sports ‘may buy’ Mauriss’ Clear TV.”
Subscriber CaaC (John)+ Posted August 14, 2020 Subscriber Posted August 14, 2020 Newcastle takeover collapsed after bidders rejected Premier League arbitration offer 32 minutes ago Newcastle The potential takeover of Newcastle collapsed after a Saudi Arabian-backed consortium rejected the Premier League's offer of arbitration to determine who would own the club. The group ended its £300m bid to buy the club off Mike Ashley in June. The deal was still being scrutinised under the Premier League's owners' and directors' test. Premier League chief executive Richard Masters has now commented on the deal for the first time publicly. In a letter to Newcastle upon Tyne Central MP Chi Onwurah, Masters said in June the Premier League board made a "clear determination as to which entities it believed would have control over the club" after the proposed purchase. FULL REPORT
Honey Honey Posted August 17, 2020 Author Posted August 17, 2020 Takeover attempt #631 I've actually found Chopra to usually be bang on when giving his opinion about Newcastle. However having been in rehab for a gambling addiction, banned from horse racing for corruption and being involved with drug dealers, the fit and proper test might be tricky if he's a director
Honey Honey Posted August 17, 2020 Author Posted August 17, 2020 The Bellendgraph have offered £280m for the club. Ashley apparently wants £350m, £50m more than agreed with PIF
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