Official: Club statement says PL have officially rejected PIF take-over
In an extraordinary club statement, Newcastle United tonight stated that the Premier League have now officially rejected the proposed takeover of the club by PIF, the Reuben Brothers and PCP Capital Partners.
Only a fews ago, 31st July to be exact, news broke that the bidding parties had withdrawn their offer to buy the club and had removed themselves from the Premier League's Owners and Directors Test process.
Now it seems that work has continued behind the scenes to push the deal through with English footballs governing body, only for them to formally reject the bid.
In the carefully worded statement the club firmly places the blame for the failure at the door of Richard Masters (who is named specifically in the article) and the wider PL organisation.
"The club and its owners do not accept that the Premier League chief executive Richard Masters and the Premier League have acted appropriately in relation to this matter and will be considering all relevant options available to them"
The new comes on a day that also saw a statement read in Parliament by Chi Onwurah (Labour MP for Newcastle Central) calling for the government to review the Premier Leagues actions relating to the failed takeover, and the day that Richard Masters himself appeared in a scripted TV interview saying he had 'sympathy' for the Newcastle United fans.
Quite where this leaves the proposed takeover is unclear. But with well respected Sky reporter Keith Downie reinforcing the NUFC statement that the bid has been formally rejected, this would leave the door open for a formal appeal or possible legal action.
Whatever the next steps, today seems another significant step in the #NUFCTakeover chapter of the clubs biography.
We, like everyone else, wait with baited breath for the next move...
The full NUFC official statement can be seen HERE