Manchester United are one of three Premier League clubs to have been left the ‘most angry’ by the recent takeover of Newcastle which was led by the Public Investment Fund (PIF) of Saudi Arabia.
Manchester United are reportedly one of three Premier League clubs who are “most angry” with the Saudi-led £305million takeover of Newcastle United despite being addressed by league chief Richard Masters.
Amanda Staveley, PCP Capital Partners, Reuben Brothers and the Public Investment Fund of Saudi Arabia formed the consortium in 2020 and were successful in their plans following a change of heart from league bosses.
However, they revealed in a statement last week that they had received “legally binding assurances that the Kingdom of Saudi Arabia will not control Newcastle United Football Club”.
The Mail reports that those three clubs were the most vocal on a recent call in which Premier League chief executive Richard Masters and chairman Gary Hoffman addressed member clubs on the matter.
The anger is said to have centred around increased competition for Champions League places, with Newcastle set to spend big in January and considering replacing Steve Bruce.
“The Premier League, Newcastle United Football Club and St James Holdings Limited have today settled the dispute over the takeover of the club by the consortium of PIF, PCP Capital Partners and RB Sports & Media.
“Following the completion of the Premier League’s Owners’ and Directors’ Test, the club has been sold to the consortium with immediate effect.
“The legal disputes concerned which entities would own and/or have the ability to control the club following the takeover. the Premier League statement read on the matter.
The statement also read
“All parties have agreed the settlement is necessary to end the long uncertainty for fans over the club’s ownership.
“The Premier League has now received legally binding assurances that the Kingdom of Saudi Arabia will not control Newcastle United Football Club.
“All parties are pleased to have concluded this process which gives certainty and clarity to Newcastle United Football Club and their fans.”.
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