Toon Takeover Thread - Chopra should be champing at the bit

Will the PIF-backed takeover happen and do you want it to?

Yes it will happen and I want it to
15
38%
Yes it will happen but I don't want it to
3
8%
Unsure but I want it to
9
23%
Unsure but I don't want it to
4
10%
No it won't happen but I want it to
4
10%
No it won't happen and I don't want it to
1
3%
Couldn't give a f***
4
10%
 
Total votes: 40

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Bodacious Benny
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Toon Takeover Thread - Chopra should be champing at the bit

Post by Bodacious Benny » Sat Jan 25, 2020 11:45 am

PIF withdrawal statement:
"With a deep appreciation for the Newcastle community and the significance of its football club, we have come to the decision to withdraw our interest in acquiring Newcastle United Football Club.

"We do so with regret, as we were excited and fully committed to invest in the great city of Newcastle and believe we could have returned the Club to the position of its history, tradition and fans’ merit.

"Unfortunately, the prolonged process under the current circumstances coupled with global uncertainty has rendered the potential investment no longer commercially viable.

"To that end, we feel a responsibility to the fans to explain the lack of alternatives from an investment perspective.

"As an autonomous and purely commercial investor, our focus was on building long-term value for the Club, its fans and the community as we remained committed to collaboration, practicality and proactivity through a difficult period of global uncertainty and significant challenges for the fans and the Club.

"Ultimately, during the unforeseeably prolonged process, the commercial agreement between the Investment Group and the Club’s owners expired and our investment thesis could not be sustained, particularly with no clarity as to the circumstances under which the next season will start and the new norms that will arise for matches, training and other activities.

"As often occurs with proposed investments in uncertain periods, time itself became an enemy of the transaction, particularly during this difficult phase marked by the many real challenges facing us all from Covid-19

"We feel great compassion for the Newcastle United fans with whom we shared a great commitment to help Newcastle United harness its tremendous potential and build upon its impressive and historic legacy while working closely with the local community.

"We would like to say that we truly appreciated your incredible expressions of support and your patience throughout this process.

"We are sorry it is not to be. We wish the team and everyone associated with it much good luck and success."
----


Here we go again <laugh>

Last edited by Bodacious Benny on Tue Aug 18, 2020 9:43 pm, edited 2 times in total.
I'm the scumbag outlaw. You're the pillar of justice. Neither of us like looking at ourselves in the mirror. Do we have a deal?

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Re: Toon Takeover Thread

Post by Don Sholeone » Sat Jan 25, 2020 11:47 am

At least its towards the end of the window and we are all but safe, so it's not going to have a huge impact on our actual football

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Re: Toon Takeover Thread

Post by Captain Obvious » Sat Jan 25, 2020 11:48 am

CANS

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Re: Toon Takeover Thread

Post by Captain Obvious » Sat Jan 25, 2020 11:51 am

And Mbappe is still at PSG

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Re: Toon Takeover Thread

Post by TJR » Sat Jan 25, 2020 12:01 pm

WJS wrote:Saudi Sovereign-Wealth Fund in Talks to Buy U.K. Soccer Team Newcastle United.

By Bradley Hope, Rory Jones and Joshua Robinson
Jan. 25, 2020 6:04 am ET

Saudi Arabia’s sovereign-wealth fund is in talks to buy U.K. Premier League soccer team Newcastle United F.C. for about £340 million ($445 million), according to people familiar with the discussions.

The buyer is the Public Investment Fund, Crown Prince Mohammed bin Salman’s key investment tool, together with a group of investors organized by British financier Amanda Staveley, the people said. A final deal could be days or weeks away, the people said. The tentative deal could still break down.

The seller is British businessman Mike Ashley, who bought the team in 2007 for 134 million pounds, and turned into one of the least popular owners in English soccer.

The acquisition would be a major coup for Saudi Arabia as it focuses on sports and entertainment as part of Prince Mohammed’s economic reform plans for the kingdom.

It could also mean a big infusion of capital into Newcastle akin to Abu Dhabi’s 2008 acquisition of Manchester City. Since then the city-state, capital of the United Arab Emirates, has spent over a billion pounds to amass playing talent, renovate the team’s facilities, and turn City into an era-defining team in the English Premier League.

Write to Bradley Hope at bradley.hope@wsj.com, Rory Jones at rory.jones@wsj.com and Joshua Robinson at joshua.robinson@wsj.com
If MBS was to buy us we'd certainly go places!

I highly doubt there is any truth in this though.

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Re: Toon Takeover Thread

Post by Don Sholeone » Sat Jan 25, 2020 12:01 pm

I'm going to hold off my excitement until I see a new listing on companies house with a vague name hinting that it's a Newcastle United takeover vehicle

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Re: Toon Takeover Thread

Post by UlversToon » Sat Jan 25, 2020 12:01 pm

<laugh>

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TJR
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Re: Toon Takeover Thread

Post by TJR » Sat Jan 25, 2020 12:09 pm

Look who's back


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Re: Toon Takeover Thread

Post by overseasTOON » Sat Jan 25, 2020 12:24 pm

Give him 20 mins at CM.

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Re: Toon Takeover Thread

Post by Captain Obvious » Sat Jan 25, 2020 12:34 pm

Now we know why Ashley only sanctioned loan deals this window. We'll be aiming far higher than Bentaleb and Lazaro come June

<applause> Mike Ashley all is forgiven

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Re: Toon Takeover Thread

Post by TJR » Sat Jan 25, 2020 12:44 pm

No need to get a striker in anymore as Mbappe will be joining in the summer.

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Re: Toon Takeover Thread

Post by Toondes » Sat Jan 25, 2020 12:48 pm

TJR wrote:
Sat Jan 25, 2020 12:09 pm
Look who's back

The chronicle is quite possibly one of the worst rags going
# stolen from nufc.com :)

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Re: Toon Takeover Thread

Post by overseasTOON » Sat Jan 25, 2020 12:54 pm

Lets hope this is a Cash Only deal with MBS and not a Kashoggi deal...


Too soon?

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Re: Toon Takeover Thread

Post by Tsi » Sat Jan 25, 2020 1:33 pm

Not happening.

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Re: Toon Takeover Thread

Post by CIH » Sat Jan 25, 2020 1:40 pm

Keith Downie saying there has been talks, but that's about it. And apparently not the only group at the table. Also said that Ashley isn't a fan of prospective buyers doing business in the media, and still isn't a fan of Stavely because of that.


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Re: Toon Takeover Thread

Post by Remember Colo » Sat Jan 25, 2020 2:55 pm

To be fair, the Wall Street Journal is a very different source than usual ones, and it'd make sense if the Crown Prince was legitimately interested it wouldn't be able to stay silent.

On a separate note, I don't think I'd feel good about it. Some will say not to make it political, but their investment in sports like WWE, boxing, and theoretically football is entirely politically motivated, and they make no secret of it.

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Re: Toon Takeover Thread

Post by Don Sholeone » Sat Jan 25, 2020 3:00 pm

People these days man, you cant even murder people and chop up their bodies without people whinging.

<wenger>

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Re: Toon Takeover Thread

Post by Donkey Toon » Sat Jan 25, 2020 5:29 pm

Hopefully this is just media ****.

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Re: Toon Takeover Thread

Post by Colly » Sat Jan 25, 2020 6:36 pm

Yep if they could f*** off I'd be perfectly happy. If anyone boycotts in protest against Mike Ashley but signs back up for Saudi royalty they need to give their head a shake.

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Re: Toon Takeover Thread

Post by Toondes » Sat Jan 25, 2020 7:06 pm

Colly wrote:
Sat Jan 25, 2020 6:36 pm
Yep if they could **** off I'd be perfectly happy. If anyone boycotts in protest against Mike Ashley but signs back up for Saudi royalty they need to give their head a shake.
Couldn’t car less who owns the club as long as it’s run properly.
# stolen from nufc.com :)

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