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Premier League: Newcastle call to end secretive nature of takeover

Football News

Premier League: Newcastle

Newcastle has called upon the Premier League to end the secretive nature of their appeal for takeover as they have “nothing to hide”. The club and its potential sale to Saudi Arabia’s Public Investment Fund (PIF) are with the Premier League’s arbitration panel. The panel had rejected a £340m bid last year. The club is unhappy with the updates they have been provided with by the premier league. They have further questioned the lawfulness of its decision-making process. Newcastle even cited the recent attempt of six clubs to join the European Super League. Such decisions need to have transparency especially if they affect the future of other clubs.

“The club continues to receive requests for updates on its current arbitration claim against the Premier League (‘EPL’) considering the lawfulness of the EPL’s decisions regarding the proposed takeover of the club involving the PIF,” Premier League club Newcastle United said in a statement. “Unfortunately, the club is unable to make any comment about the arbitration. The EPL rules provide the entire arbitration process is confidential. However, both parties can agree for it to be in public. The club believes it should be.”

“The issues at stake, including the lawfulness of the EPL’s decision-making process and the widely publicized alleged influence of the EPL’s commercial partners on the EPL’s decisions, are of far wider interest to other football clubs, fans, and the public in general.” the statement added. “The recently attempted breakaway by some EPL clubs, and the reaction of the government and public to it, has again highlighted the need for transparency and fairness in football governance. Gone are the days when important decisions that affect clubs and their fans should be made secretly, behind closed doors and away from the public eye.”

Also, Read Liverpool: Thiago Alcantara Explains Why He “Hates Modern Football”

 

 

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