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Chop chop! Lets all gawp at Newcastle (again)


Jimzk5

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  • 2 weeks later...

Looks like they're going to get their takeover in Jan, and we'll have to rename the thread:

Saudi Arabia takeover of Newcastle United will be decided in January

[...]

'During the preliminary CAT hearing convened to determine whether Ashley has a case to claim damages, the Premier League’s QC, Adam Lewis, explained that arbitration hinged on the separation – or otherwise – of the Kingdom of Saudi Arabia and the country’s Public Investment Fund (PIF). Along with the financier Amanda Staveley and the billionaire Reuben Brothers, PIF has formed a consortium with the financier Amanda Staveley and the billionaire Reuben Brothers that has agreed a £300m sale with Ashley.

In the course of arguing that a full CAT hearing would needlessly duplicate the impending independent arbitration process staged under Premier League auspices, Lewis detailed the standard of proof required in early January. “If the arbitration decides KSA is not a director then the transaction can and will go ahead, with no question of the owners’ and directors’ test being applied to KSA,” he said.

Although determining the degree of separation between KSA and PIF is a question of legal semantics, the statement that KSA would not be subjected to the league’s owners’ and directors’ test is significant. This dictates that the alleged role of Mohammed bin Salman, Saudi Arabia’s de facto leader, in the murder of the Saudi dissident journalist Jamal Khashoggi in Istanbul in 2018 would not feature in the decision-making process.'

from: https://www.theguardian.com/football/2021/sep/29/saudi-arabia-takeover-of-newcastle-united-will-be-decided-in-january

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8 hours ago, HanoiVillan said:

Looks like they're going to get their takeover in Jan, and we'll have to rename the thread:

Saudi Arabia takeover of Newcastle United will be decided in January

[...]

'During the preliminary CAT hearing convened to determine whether Ashley has a case to claim damages, the Premier League’s QC, Adam Lewis, explained that arbitration hinged on the separation – or otherwise – of the Kingdom of Saudi Arabia and the country’s Public Investment Fund (PIF). Along with the financier Amanda Staveley and the billionaire Reuben Brothers, PIF has formed a consortium with the financier Amanda Staveley and the billionaire Reuben Brothers that has agreed a £300m sale with Ashley.

In the course of arguing that a full CAT hearing would needlessly duplicate the impending independent arbitration process staged under Premier League auspices, Lewis detailed the standard of proof required in early January. “If the arbitration decides KSA is not a director then the transaction can and will go ahead, with no question of the owners’ and directors’ test being applied to KSA,” he said.

Although determining the degree of separation between KSA and PIF is a question of legal semantics, the statement that KSA would not be subjected to the league’s owners’ and directors’ test is significant. This dictates that the alleged role of Mohammed bin Salman, Saudi Arabia’s de facto leader, in the murder of the Saudi dissident journalist Jamal Khashoggi in Istanbul in 2018 would not feature in the decision-making process.'

from: https://www.theguardian.com/football/2021/sep/29/saudi-arabia-takeover-of-newcastle-united-will-be-decided-in-january

Interesting. Still don’t think it will happen. 

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8 hours ago, HanoiVillan said:

Looks like they're going to get their takeover in Jan, and we'll have to rename the thread:

Saudi Arabia takeover of Newcastle United will be decided in January

[...]

'During the preliminary CAT hearing convened to determine whether Ashley has a case to claim damages, the Premier League’s QC, Adam Lewis, explained that arbitration hinged on the separation – or otherwise – of the Kingdom of Saudi Arabia and the country’s Public Investment Fund (PIF). Along with the financier Amanda Staveley and the billionaire Reuben Brothers, PIF has formed a consortium with the financier Amanda Staveley and the billionaire Reuben Brothers that has agreed a £300m sale with Ashley.

In the course of arguing that a full CAT hearing would needlessly duplicate the impending independent arbitration process staged under Premier League auspices, Lewis detailed the standard of proof required in early January. “If the arbitration decides KSA is not a director then the transaction can and will go ahead, with no question of the owners’ and directors’ test being applied to KSA,” he said.

Although determining the degree of separation between KSA and PIF is a question of legal semantics, the statement that KSA would not be subjected to the league’s owners’ and directors’ test is significant. This dictates that the alleged role of Mohammed bin Salman, Saudi Arabia’s de facto leader, in the murder of the Saudi dissident journalist Jamal Khashoggi in Istanbul in 2018 would not feature in the decision-making process.'

from: https://www.theguardian.com/football/2021/sep/29/saudi-arabia-takeover-of-newcastle-united-will-be-decided-in-january

I've mixed feelings - the fans deserve to be released from this cruelest of limbo in which they find themselves - but also I don't want the comedy to stop. Will be interesting - the prem clearly think PIF is inseperable from KSA - who could argue successfully against that?

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Re the takeover of the Geordies. They will be the richest club in the world. Man City will be like their feeder club. The Saud family are the main men in the Middle East. 

Even if the Reuben brothers took over without the Saud's they'd be one of the richest clubs.

Aramco St James' Park incoming. And they'll be laughing at the rest of the league when they buy the best players.

Edited by Sulberto21
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5 minutes ago, Sulberto21 said:

Re the takeover of the Geordies. They will be the richest club in the world. Man City will be like their feeder club. The Saud family are the main men in the Middle East. 

Even if the Reuben brothers took over without the Saud's they'd be one of the richest clubs.

Aramco St James' Park incoming. And they'll be laughing at the rest of the league when they buy the best players.

Even Steve Bruce will be able to get them into the champions league.

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9 minutes ago, Phil Silvers said:

Even Steve Bruce will be able to get them into the champions league.

lads we will sit back and pass to Haaland and hope he will win us 1-0 vs FC Riga at home. That will shut a few up

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