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Anger in Newcastle, England .. Legal battle after Saudi deal failure



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Officials at the English club revealed Newcastle were involved in a legal dispute with the English Premier League, due to the failure of the acquisition agreement introduced by the Saudi Investment Fund.

The Saudi Fund announced that they were withdrawing from the deal after the expiry of the fixed period for the operation of the commercial agreement with the club owners, in addition to the lack of clarity about the conditions and criteria for conducting the deal games etc., according to the statement issued in July by the Saudi Public Investment Fund.

Club officials confirmed they were going to file a lawsuit, blaming the Alliance League for the reasons for the failure of the deal, emphasizing their desire for a court hearing.

In August last year, British Prime Minister Boris Johnson insisted: The Premier League must explain the reasons for the failure to finalize Newcastle United’s club deal with the Saudi Investment Fund, which announced in July last year that it had withdrawn officially bought “Newcastle” after things lasted longer than expected.

English Premier League Newcastle

Anger in Newcastle, England .. Legal battle after Saudi deal failure


Previously

Officials at the Newcastle club revealed that they were involved in a legal dispute with the English Premier League, due to the failure of the procurement deal submitted by the Saudi Investment Fund.

The Saudi Fund announced their withdrawal from the deal after the expiry of the fixed period for the operation of the commercial agreement with the club owners, in addition to the lack of clarity about the conditions and criteria for maintaining games etc., according to the statement issued in July by the Saudi Public Investment Fund.

Club officials confirmed they were going to file a lawsuit, blaming the Alliance League for the reasons for the failure of the deal, emphasizing their desire for a court hearing.

In August last year, British Prime Minister Boris Johnson insisted: The English Premier League must explain the reasons for the failure to finalize Newcastle United’s club deal with the Saudi Investment Fund, which announced in July last year that it had withdrawn official of buying “Newcastle” after things last longer than expected.

November 20, 2020 – Rabi` al-Akhir 5, 1442

01:24 PM


Officials at the Newcastle club revealed they were involved in a legal dispute with the English Premier League, due to the failure of the procurement deal put forward by the Saudi Investment Fund.

The Saudi Fund announced that they were withdrawing from the deal after the expiry of the fixed period for the operation of the commercial agreement with the club owners, in addition to the lack of clarity about the conditions and criteria for conducting the deal games etc., according to the statement issued in July by the Saudi Public Investment Fund.

Club officials confirmed they were going to file a lawsuit, blaming the Alliance League for the reasons for the failure of the deal, emphasizing their desire for a court hearing.

In August last year, British Prime Minister Boris Johnson insisted: The Premier League must explain the reasons for the failure to finalize Newcastle United’s club deal with the Saudi Investment Fund, which announced in July last year that it had withdrawn officially bought “Newcastle” after things lasted longer than expected.



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