Newcastle confirmed this Wednesday, through a statement, that it will appeal the Premier League's decision to veto the sale of the club to the Saudi Arabian investment group. Its current owner, Mike Ashley, has said he understands the fans' frustration at not being able to embark on the new project, and has made it clear that they will exhaust all legal options available to them for the agreement to come to fruition.
“Newcastle United can confirm that the Premier League has rejected the purchase offer submitted by PCP Capital Partners, the Reuben Brothers group and the Saudi Arabia Public Investment Fund (PIF) andn based on the evaluation of its owners and its director ”, explained the club in the north of England. “This verdict has been reached despite the fact that the club has provided the Premier League with a large amount of evidence and legal opinions that ensure that the PIF is independent and autonomous from the government of Saudi Arabia ”.
In fact, the club wanted to go further and announced the imminent appeal. “The club and its owners do not accept the decision made by Premier League CEO Richard Masters and the Premier League, and they do not believe that appropriate action has been taken in relation to this matter, so they will consider all the available options in this regard ”, they added. “Mike Ashley understands the frustration of his fans and wants to assure them that he is fully committed to getting them through the process believing that it is in the best interests of the club. Mike continues to give his full support to the coach, Steve Bruce, the players and the staff, and wishes them the best for the upcoming season. ”
At the end of July, the investment group itself announced that it was withdrawing its purchase offer on Newcastle due to the difficulties that the operation was presenting in the face of the Premier's position. In England, moreover, there is some opposition to the sale of their clubs to states that are considered not to respect human rights because, as Amnesty International assures, it can be a way of whitewashing their image on an international scale.