The minister of foreign Affairs Dominic Raab reveals the latest position of the government on the takeover of Newcastle United

0
4


The minister of foreign Affairs, Dominic Raab, has said that we must “trust” the legal safeguards in place to ensure that the control proposed of Newcastle United is done “the right way”. The TAKEOVER of PCP Capital Partners, led by the financial Amanda Staveley and also involving the brothers, Reuben, Simon and David, is supported by the mega-rich public investment Funds of saudi arabia and crown prince Muhammad Bin Salman and is now awaiting the green light from the Premier league Leaders.

The offer is still at the stage of the test for owners and managers of the Premier League and has been described as one of the case of a change of control, the more “complicated” to which the competition has had to deal with.

In view of the problems of human rights attributed to the saudi regime, and their alleged complicity with the hacking of the tv coverage of the Premier League, we are still awaiting a decision as to whether the control of Newcastle United will be given.

And by appearing on Sky News this morning, Raab said, ” it’s just that we saluions the commitment, the investment in football in this country “, but the legal safeguards must be followed correctly to allow the takeover to take place.

“There is a proper process that we have put in place for any examine, aspects of competition to the other questions of convenience,” said Raab.

“I think it is right that this due process of law, with all the safeguards it had put in place, be followed. We have this debate on changes of control in this country, and I think that we should respect the rule of law.

“We had the same discussion on (Roman) Abramovich and Chelsea. I think it is only fair that we saluions the commitment, the investment in football in this country.

“Everyone is happy to see the Premier League running again, and also that there are legal safeguards to ensure that it is conducted properly.

“This country is an open country and is open to the outside. We have investments from all over the world, but we need safeguards in place. We have seen that in regards to the 5G, the out-of-control national security, and other issues of suitability are properly examined.

“We have put in place procedures and laws necessary for this purpose. We must trust the institutions that we need to provide this. ”

While the offer is supported by saudi Arabia waiting for the approval of the Premier League, it emerged yesterday that the american businessman Henry Mauriss has tabled a bid of 350 million pounds sterling for the club.

Mauriss, who is the CEO of the american society of tv, Clear TV, and is willing to relocate if the Premier League blocks the redemption of PCP Capital Partners.



LEAVE A REPLY

Please enter your comment!
Please enter your name here