Newcastle has accused the Premier League’s leadership of acting inappropriately in rejecting a takeover bid involving a Saudi Arabian sovereign wealth fund and said it would be considering all relevant options available. The English club’s statement comes more than a month after Saudi Arabia’s Public Investment Fund announced it was withdrawing and criticised the unforeseeably prolonged process.
The league blocked the takeover after concerns were raised about piracy of game broadcasts by a rogue operation in Saudi Arabia and human rights abuses in the kingdom.
Premier League chief executive Richard Masters said last month that the consortium was asked for more details about which entity would have control of the club so an assessment could be made about any possible disqualifying criteria. Masters said an offer of an independent arbitral tribunal was rejected by the bidders.