Newcastle club announced today, Thursday, that it has filed a lawsuit against the Premier League against the backdrop of the failure of the acquisition deal submitted by the Saudi Investment Fund in late July.
In July, a group including the Saudi Investment Fund, BCB Capital Partners, and the wealthy British brothers David and Simon Rubin withdrew its 300 million pounds ($ 391 million) bid to acquire Newcastle, after a “protracted process” that spanned months and met. Wide criticism on human rights and commercial backgrounds.
The club’s owner, Mike Ashley, had previously indicated that he would seek attorneys’ help after the deal failed, as Newcastle unveiled the lawsuit Thursday in response to alleged “leaks” from the Premier League.
A statement issued by the club said: “The club understands that these matters will constitute a source of great concern to its fans, and therefore considers that in light of the information disclosed by the Premier League, it has no choice but to respond and inform its fans about developments.”
— Newcastle United FC (@NUFC) November 19, 2020
He continued: “The club does not comment on the content of the lawsuit, but it can confirm that he submitted it against the League.”
He added, “It is unclear when these procedures will be resolved, yet the club will continue to do its utmost to press for a fair, comprehensive and adequate hearing of its demands.”
Amanda Staveley, director of “BCB Capital Partners” and a business director known for her strong ties in the Middle East, expressed her desire to buy the club years ago, and reached an agreement with Ashley last April to sell the club, in a deal under which the Saudi fund associated with the Crown Prince Mohammed bin acquires Salman holds 80 percent of the shares.
However, the show faced negative attitudes from non-governmental organizations criticizing the Kingdom’s record in the field of human rights, and from the Qatari “BN Sports” network, which owns the rights to broadcast the Premier League in the Middle East and North Africa, which accuses Riyadh of being behind the piracy of broadcasting its channels.