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Acquisition in Newcastle: Amanda Stavley wants UK government and Premier League to be transparent

Acquisition in Newcastle: Amanda Stavley wants UK government and Premier League to be transparent

Amanda Stavley, the leading financier of United’s $ 340 million acquisition of Newcastle, has called on the government to take immediate action to make the Premier League’s decision on the club’s future ownership transparent.

Following the $ 340 million bid last year, the jury is now in the hands of the jury with the proposal, with the financier leading the way in the acquisition of his company PCB Capital Partners and the Dineside Club, led by the Public Investment Fund of Saudi Arabia.

Stavley wrote a public letter on Sunday to former Conservative Sports Minister Tracy Cruz, accusing him of lacking transparency and accountability in the Premier League over the deal.

But with all discussions taking place internally and in secret, the club is frustrated by the lack of updates on the process, and Stavley says the government is interested in increasing transparency within the organization and making all discussions about football ownership public. .

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“I wrote a letter urging the government and the football regulators to ensure that issues related to sports management and refereeing around sports are made public,” Stavley said. Sky Sports News.

“We think it’s very important for the fans, and it’s very important for all the stakeholders in the game. Transparency is at the center of our application, so transparency in games is what we really try to try.

“I called both Oliver Dowden and Nigel Huddlestone and sent them a message this afternoon. [Monday]We got no answer, but Tracy responded to us very quickly.

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“We urge Mr Dowden to take to the heart of the government the same issues you raised in the letter with Tracy, and we would like to urge you to add the government’s voice to our request to the Premier League to make these processes public.

“We know nothing about the arbitrator, we cannot be part of the arbitrator, we do not know what is going on. By being in the public forum, we have an opportunity to understand what is happening and how to deal with it.

“I do not understand why there is a transparency issue around all the big companies. I must first say that I am a huge fan of the Premier League and of course I am trying to become a part of that institution.

“We should be very proud of the Premier League, but with a company that is important to both the UK and the UK, it is important to be open about the decision the organizers make.

“If journalists and especially fans can’t really explore things in these forums, we can’t see what’s going on behind the scenes.”

In the letter, Ms Stavley criticized the use of secret arbitration to resolve conflicts within football: “One might wonder why those in charge of organizing games prefer this model if there is nothing to hide.”

Image:
Newcastle United owner Mike Ashley frustrated over Premier League handling of Stavley’s acquisition attempt

Newcastle owner Mike Ashley last week urged the Premier League to move the refereeing process to the public domain and demanded more transparency in their handling of the failed attempt.

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“I can sympathize with Mike’s position,” Stavley said. “He worked very hard to try to sell the club. He issued a statement very publicly. I remember seeing him on Sky two years ago ‘Well, we have a real chance to buy at Newcastle’.

He said, ‘I’m going to sell the club, there has to be a buyer in the deep pockets, it’s not really about the money in my pocket, it’s about who’s going to put the money in Newcastle’s pockets.’

“He did exactly what the fans asked him to do, but he could not go there. I’m disappointed in what I told him when we made a legal deal in April last year. We’ve been here for about 15 months now. We understand his position.”

The independent arbitration proceedings brought by the club are expected to take place soon this month.

The Premier League confirmed that it had never rejected the PCB’s offer, but decided that public investment funds were controlled by Saudi Arabia – which would effectively block a verdict.

MS to former Sports Minister Ms. Cruz In the letter written by Stavley, there are more honest comments about the usurpation of power he proposed.

He wrote: “Fans deserve complete transparency from the controllers in all their activities – to ensure they act responsibly in the best possible form.

“They perform a function similar to that of a government regulator – but without the same accountability systems.”

Stavley said there is now “an opportunity for participants”. [in the Newcastle United bid] Just as the government intervened decisively and effectively in the defeat of the Europa League – it is considered to be taking a strong stand. ”

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“But there is a real urgency – the NUFC judging session is scheduled for this month,” he told Cruz.

“We need immediate intervention to push the issue out into the open,” he said.

“I think this is enough to make those involved act more responsibly and to indicate the government’s intention to take effective action for the benefit of the country,” he said.

Stavley has been chasing Newcastle for more than three years and formally agreed to a takeover deal with Mr Ashley in 2020.

The Premier League declined to comment.