Premier League receive Saudi takeover 'counter-argument' as the NUST back £300m bid
The NUST (Newcastle United Supporters Trust) have confirmed they've now sent a letter to the Premier League in support of a proposed takeover involving Amanda Staveley, the Reuben brothers and the Public Investment Fund (PIF) of Saudi Arabia.
As they state on social media, the letter provides 'legal analysis' that offers a counter argument against the parties who have not only condemned the PIF’s involvement in the proposed takeover of NUFC, but communicated those thoughts to the Premier League.
Read their latest update below, which was sent to members in the early hours of this morning:
Legal Counsel instructed by NUST has now written to the Premier League in support of the prospective takeover by by Amanda Staveley, the Reuben brothers and the Public Investment Fund (PIF) of Saudi Arabia.
We have seen a number of attempts to discredit this takeover and Newcastle fans during the extended period in which the Premier League has been considering the takeover in the context of its Owners and Directors test.
In light of our member survey which showed 97% of NUST members are in favour of the takeover, we took the decision to engage Counsel to stand up for our members and express the view that our members overwhelmingly support the takeover.
The letter, sent to Richard Masters, Premier League Chief Executive, also sets out legal analysis that counters the opposition to the PIF’s involvement in the proposed takeover of NUFC that has been communicated to the Premier League by other parties.
The NUST have since responded to fans on social media asking why they have taken 12 weeks to do so. Here's their response to such questions:
Great work by the NUST once again.
Let's hope this all has a happy ending soon!
