THE Premier League has denied rejecting the Saudi Arabia-backed takeover bid for Newcastle.
In the latest twist in this saga, the governing body hit back after the Magpies issued a statement claiming the Premier League had rejected the offer and accusing it and chief executive Richard Masters of not acting ‘appropriately’. In response, the Premier League said it was ‘disappointed and surprised’.
‘The club’s assertion that the Premier League has rejected the takeover is incorrect,’ it added.
‘The Premier League Board has, on a number of occasions, given its opinion about which entities it believes would have control over the club should the consortium proceed with the acquisition. That opinion is based on legal advice.
‘This means the potential takeover could proceed to the next stage should the relevant entities provide all appropriate information. They would then be subject to a suitability assessment by the Board. As an alternative, the Board has repeatedly offered independent arbitration as a way forward since June.
‘It is also incorrect to suggest these decisions were taken by any individual; they were agreed by all Premier League Board members.’