When will the Newcastle United takeover happen?
Earlier today we reported that some unnamed Premier League clubs have upped the pressure on the league to stop the Newcastle United takeover from going ahead.
For more than five weeks, Newcastle fans have been waiting to open their ‘cans’ as the Saudi Arabian Public Investment Fund try to buy the Toon from Mike Ashley for 300 million pounds.
By all accounts, the Newcastle takeover will complete, even if it’s taking a bit longer than some had expected.
Companies House update on Sheffield United owner Abdullah bin Musa’ad
On Thursday, an update from Companies House alerted both Newcastle and Sheffield United fans.
One of the early objections to the Saudi takeover at St James’ Park concerned the Blades.
Crown Prince Mohamed bin Salman is the chairman of the Saudi Arabian Public Investment Fund.
Meanwhile, Sheffield United is owned by MBS’s cousin, Prince Abdullah bin Musa’ad.
The argument had been asserted that as a result of this Saudi family dynamic, Newcastle could exert undue influence over affairs at Bramall Lane.
Yet, on Thursday, a report from Companies House indicated that Abdullah bin Musa’ad had ceased to be “a person with significant control” of Sheffield United as of October 2019.
Sheffield United have just filed confirmation with companies house that Abdullah Bin Mosa’ad Bin Abdulaziz Al Saudhas ceased to be “a person with significant control” as of October 2019https://t.co/wObjl0i0XN pic.twitter.com/waliA1zmM1
— David Dubas-Fisher (@dubasfisher) May 21, 2020
How could this impact the Newcastle United takeover?
The assumption to be drawn from the Companies House update is that if Abdullah bin Musa’ad is no longer important at Sheffield United, that could be another obstacle to fall by the wayside in the Saudi buyout.
However, well-followed Twitter user @RedRoseMichelle, who is a “solicitor (focused on) corporate crime”, has suggested that this latest Sheffield United update could be “a false alarm”.
She’s confirmed that Abdullah bin Musa’ad remains a director at Sheffield United.
Today’s update is explained as “a corporate structural change” by the Blades.
While, on the impact on the situation at Newcastle, Magpies fans are warned: “We don’t think this has any real impact on the takeover. Sit tight.”
1/ Companies House Update
We think this is a false alarm. Abdullah bin Musa’ad was notified as a person with significant control on 18th October and removed on the same day. For some reason it’s taken until today for it to be listed on Companies House
— Shell 🐚⚽️🖤 (@RedRoseMichelle) May 21, 2020
2/He remains as a director of the Company & therefore of the club. Looks like this was a corporate structural change by Sheff Utd rather than takeover related. Blades Leisure Ltd own Sheff Utd & they were owned, until 18 Oct 2019, by Sheff Utd Ltd. That is no longer the case.
— Shell 🐚⚽️🖤 (@RedRoseMichelle) May 21, 2020
3/ The familial relationships between those involved with Sheff Utd and NUFC is extremely complicated. There are various individuals who come and go as part of the Company. But we don’t think this has any real impact on the takeover. Sit tight…
— Shell 🐚⚽️🖤 (@RedRoseMichelle) May 21, 2020
Another journalist to question the meaning of today’s Companies House report is the New York Times’ Tariq Panja.
He’s noted that Abdullah bin Musa’ad has appeared very active at Sheffield United since October 2019.
Specifically when he claimed credit for agreeing Chris Wilder’s new 5-year deal with the Blades.
Strange for someone who ceased to have control of the club in Oct. 2019 giving an interview in Jan 2020 to announce the club had handed coach Chris Wilder a new 5 year contract and outline “his” plans for the club: https://t.co/FfTxxDi0L7
— tariq panja (@tariqpanja) May 21, 2020
Also seems odd that if this happened in October that it’s being filed now. According to the guidelines, that form should have been submitted within 14 days of a person ceasing to have significant control of the business
— tariq panja (@tariqpanja) May 21, 2020
Also see: Best Netflix, Amazon & YouTube football documentaries & movies to watch during coronavirus isolation
9 best football documentaries to watch on ESPN+ during COVID-19 quarantine
from Football (soccer) greatest goals and highlights | 101 Great Goals - Feed https://ift.tt/2Zp2I8L
Hello, my name is Jack Sparrow. I'm a 50 year old self-employed Pirate from the Caribbean.
No comments:
Post a Comment
If you have any doubt, please let me know.