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06 Jul 2021 00:22:43
If ed 002 about , what is your take on the group headed by Amanda Staveley trying to buy into Newcastle. Is it dead in the water


{Ed002's Note - Amanda Staveley's PCP Capital Group is still trying to push ahead with the purchase of Newcastle with the backing of the Saudi Arabian Public Investment Fund, the chairman of which is Mohammed bin Salman who is heir apparent to the King of Saudi Arabia. This has put the Premier League and the Government in a difficult position regarding the "fit and proper persons" test given that he has been involved with significant civil rights concerns, repression of women's rights, war mongering, diplomatic issues with numerous countries, mass executions and specifically the murder of Jamal Khashoggi.

However, in terms of funding they need to comply with Premier League rules and with FFP, and when the qualify for Europe, UEFA FFP. As such, they can make an initial investment as new owners, but they cannot simply poor money in to transfers.}

1.) 06 Oct 2021 21:44:29
So much for the human rights concerns by the sounds of things.
It’s looking like the takeover may well go ahead, have you heard anything Ed?

{Ed002's Note - I am told that most of the concerns have been addressed and it should go through soon.}




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