bluebird58 wrote:Will still have to be ratified by the Premier League and so by no means a done deal yet
bluebird58 wrote:Will still have to be ratified by the Premier League and so by no means a done deal yet
worcester_ccfc wrote:bluebird58 wrote:Will still have to be ratified by the Premier League and so by no means a done deal yet
No, that was sorted last night. It's just a matter of getting the paperwork signed now.
Should be done today.
Sven wrote:worcester_ccfc wrote:bluebird58 wrote:Will still have to be ratified by the Premier League and so by no means a done deal yet
No, that was sorted last night. It's just a matter of getting the paperwork signed now.
Should be done today.
10 days to complete once all the basics are agreed (expectrd this afternoon)
Looks like Bruce will be on his way...
bluesince62 wrote:Sven wrote:worcester_ccfc wrote:bluebird58 wrote:Will still have to be ratified by the Premier League and so by no means a done deal yet
No, that was sorted last night. It's just a matter of getting the paperwork signed now.
Should be done today.
10 days to complete once all the basics are agreed (expectrd this afternoon)
Looks like Bruce will be on his way...
I'd have him here!!
wez1927 wrote:Apparently looking at Gerrard from rangers to replace cabbage head
pembroke allan wrote:I bet the so called top 6 are unhappy with another mega-rich club to upset their cartel?
If believe by what's been said they opposed the takeover with some scurrilous reasons
Wonder why?
worcester_ccfc wrote:Confirmed now. Full statement below:
An investment group led by the Public Investment Fund (PIF), and also comprising PCP Capital Partners and RB Sports & Media (the “Investment Group”), has completed the acquisition of 100% of Newcastle United Limited and Newcastle United Football Club Limited (“Newcastle United” or the “Club”) from St. James Holdings Limited.
All requisite approvals have been obtained from the English Premier League and the acquisition was completed on 7 October 2021.
The Investment Group is comprised of long-term, patient investors who have every confidence in the future success of the Club. Today’s announcement is the conclusion of a thorough and detailed process that has allowed the Investment Group to arrive at a deal that benefits all stakeholders and will leave Newcastle United well-placed to pursue a clear, long-term strategy.
His Excellency Yasir Al-Rumayyan, Governor of PIF, will serve as Non-Executive Chairman of Newcastle United. Amanda Staveley, chief executive of PCP Capital Partners, will have one seat on the board. Jamie Reuben will also be a director of the Club, representing RB Sports & Media.
For PIF, one of the world’s most impactful investors, the acquisition is in line with its strategy of focusing on key sectors including Sports and Entertainment, and aligns with PIF’s mission to actively invest over the long term – in this case, to harness the Club’s potential and build upon the Club’s legacy.
Commenting on the agreement, His Excellency Yasir Al-Rumayyan, Governor of PIF, said: "We are extremely proud to become the new owners of Newcastle United, one of the most famous clubs in English football.
"We thank the Newcastle fans for their tremendously loyal support over the years and we are excited to work together with them."
Amanda Staveley, Chief Executive Officer of PCP Capital Partners, said: "This is a long-term investment. We are excited about the future prospects for Newcastle United.
"We intend to instill a united philosophy across the Club, establish a clear purpose, and help provide leadership that will allow Newcastle United to go on to big achievements over the long term.
"Our ambition is aligned with the fans – to create a consistently successful team that’s regularly competing for major trophies and generates pride across the globe."
Jamie Reuben of RB Sports & Media, said: "We look forward to a great future for Newcastle United. Newcastle is a fantastic city, which is why our family has been investing heavily in the area for many years. To become part of this great Club and its amazing fans is a privilege.
"We will build a true community Club, based upon our family’s knowledge of the city and in line with our plans that have been worked on closely with Newcastle City Council to deliver long-term sustainable growth for the area."
The directors of the Investment Group thank Mike Ashley for his commitment to the sale process. We would also like to thank the Premier League for its contribution in the regulatory process, which has helped lead to completion of this deal.
Sven wrote:pembroke allan wrote:I bet the so called top 6 are unhappy with another mega-rich club to upset their cartel?
If believe by what's been said they opposed the takeover with some scurrilous reasons
Wonder why?
Middle Eastern politics, maybe?
stickywicket wrote:Perhaps they'll behead or chop up Steve Bruce.
Pantmawr Bluebird wrote:Can't wait to see Mbappe, Haaland and Lewondowski play in a front 3 for them next season then
Blueberry Jam wrote:Can someone introduce an oil rich foreign person to Cardiff City. PLEASE.
Wayne S wrote:Is this prince still being looked at for Jamal Kashoggi's murder or has all that been sorted?
pembroke allan wrote:Wayne S wrote:Is this prince still being looked at for Jamal Kashoggi's murder or has all that been sorted?
Saudis put blame on couple poor minions got jail time or something to try appease opponents ... as far as it goes matter is closed except for critics of the regime and his wife? She wasnt happy ncastle fans celebrating takeover suggesting they should have opposed it instead.......
Wayne S wrote:pembroke allan wrote:Wayne S wrote:Is this prince still being looked at for Jamal Kashoggi's murder or has all that been sorted?
Saudis put blame on couple poor minions got jail time or something to try appease opponents ... as far as it goes matter is closed except for critics of the regime and his wife? She wasnt happy ncastle fans celebrating takeover suggesting they should have opposed it instead.......
Cheers Pembroke, couldnt really remember the outcome.
Users browsing this forum: A Quiet Monkfish, BlueView, Clickagy [Bot], Facebook [Bot], Google [Bot], Grapeshot [Bot], Proximic [Bot] and 199 guests