Simon Jordan doesn’t expect the Saudi-backed takeover of Newcastle United to go ahead.
The deal has once again hit the mainstream media following Wednesday’s CAT hearing.
For some, it told us nothing new bar the arbitration date. For others, it was an explosive session that merely scraped the surface on what has been going on.
The path to a deal was made clear by the Premier League’s legal representative Adam Lewis QC. If arbitration dictates that KSA do not need to be named as a director then the takeover will be approved. With arbitration set to start on January 3rd 2022 and take around a week, we could have a conclusion early next year.
However, TalkSPORT’s Simon Jordan doesn’t think it will be good new for Toon fans.
No chance of Saudi takeover according to Simon Jordan
“This idea that Newcastle is going to get bought by this PIF fund, this is deader than a dead thing from dead land,” Jordan told TalkSPORT.
“It’s only the people that want to keep it running for their own motivations, whether that’s Amanda Staveley because she wants to save face for the Horlicks of a deal she’s manufactured, or whether it’s Newcastle fans because they’re wishing and wanting.
“I don’t expect it to lead to any particular disclosure. I don’t expect the Premier League to be giving anything that vaguely resembles something that can be made mischief of.
“That suggests that XYZ football club has leveraged Richard Masters into having a biased attitude towards a potential new fox in the henhouse of the big six that controls the Premier League, that’s all they’re looking for.”
The issue surrounding the takeover is separation. They need to prove that the Saudi state won’t be running the club. They need to prove that PIF and KSA are separate.
Do that and Newcastle can hopefully get the deal they want.
Jordan is entitled to his opinion, and there are plenty of people out there who don’t expect the deal to happen.
But a lot of Toon fans are still hopeful, possibly because they’re so desperate to see the back of Mike Ashley.
However, Jordan’s suggestion that the Premier League have been leveraged is certainly interesting. That’s what Newcastle have accused them of.
But will it lead to anything? For reference, the Premier League threatened to kick the Magpies out of the competition, while the ‘big six’ were able to pick their own punishment for the ESL fiasco.
We will hopefully find out whether Jordan is right or wrong in January 2022. The clock is ticking.
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