This is the latest Newcastle United News as Newcastle owners on red alert if any saudi club controls the club and might lead to takeover for the Saudi Council.
If the Saudi state is shown to be in control of Newcastle, Premier League chief executive Richard Masters believes the club’s owners can be ousted.
Newcastle United was taken over this month by a group led by Saudi Arabia’s Public Investment Fund, whose chairman is the country’s Crown Prince.
The Premier League has obtained “legally enforceable guarantees” from the Saudi government, according to Masters.
Masters told the BBC, “The issue is about control, and we handled the issue of control.”
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“There are legally enforceable guarantees that the state will not have authority over the club.”
“We may remove the consortium as owners of the club if we uncover proof to the contrary, as per the regulations.” That is recognized.Richard Masters, the Premier League’s chief executive,
“There are ways to ensure our comfort and satisfaction, and that is still the case.”
We can remove the consortium as owners of the club if we uncover proof to the contrary, as per the regulations. That is recognized.
Richard Masters, the Premier League’s chief executive, Following a reaction from clubs, Gary Hoffman stepped down as Premier League chairman as a result of the Newcastle purchase.
Human rights organizations have also suggested that the agreement is an attempt to’sportswash’ Saudi Arabia’s image amid worries about the country’s human rights record.
“The takeover has gone through, and we have to be certain that all of the things we do at the Premier League will be protected under the new ownership,” Masters added.
“You can’t have one rule for one thing and another for another, so Newcastle will be run properly.”
“To my satisfaction, the club itself is adhering to the main requirements.
“Perhaps football is being targeted and discussed in a different way since PIF is an investment in many other enterprises in this nation.”
“I have no say in who chairs a football club.” The owners’ test prevents us from forming an opinion.”
Tracey Crouch, a Conservative MP who supervised a study into English football, feels that the independent regulator envisaged in the fan-led inquiry would have “stress-tested” the Newcastle purchase more.
Last month, 18 Premier League teams approved a proposal to temporarily halt any new transactions with Newcastle’s Saudi ownership, which director Amanda Staveley conceded had come as a “shock” and had “taken a tremendous toll” on the club.
Due to the amount of work necessary in finalizing a new plan, the restriction on owner-related sponsorship arrangements has been extended until December 14, according to the PA news agency.
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