Officials in the English club Newcastle revealed that they are involved in a legal dispute with the English Premier League, due to the failure of the acquisition deal submitted by the Saudi Investment Fund.
The Saudi Fund announced the withdrawal from the deal after the end of the specified period for the implementation of the commercial agreement with the owners of the club, in addition to the lack of clarity regarding the conditions and criteria in which the matches will be held and the like, according to the statement issued in July by the Saudi Public Investment Fund.
The club officials confirmed that they are heading to file a lawsuit, blaming the League of League for the reasons for the failure of the deal, stressing their desire to have a hearing in court.
Last August, British Prime Minister Boris Johnson demanded: The Premier League must explain the reasons for the failure to complete the Newcastle United club deal with the Saudi Investment Fund, which announced last July that it had officially withdrawn from the purchase of “Newcastle” after things took longer than expected.
Newcastle English Premier League League
Khaled Ali
Previously
2020-11-20
Officials in the English club Newcastle revealed that they are involved in a legal dispute with the English Premier League, due to the failure of the acquisition deal submitted by the Saudi Investment Fund.
The Saudi Fund announced the withdrawal from the deal after the end of the specified period for the implementation of the commercial agreement with the owners of the club, in addition to the lack of clarity regarding the conditions and criteria in which the matches will be held and the like, according to the statement issued in July by the Saudi Public Investment Fund.
The club officials confirmed that they are heading to file a lawsuit, blaming the League of League for the reasons for the failure of the deal, stressing their desire to have a hearing in court.
Last August, British Prime Minister Boris Johnson demanded: The Premier League must explain the reasons for the failure to complete the Newcastle United club deal with the Saudi Investment Fund, which announced last July that it had officially withdrawn from the purchase of “Newcastle” after things took longer than expected.
01:24 PM
Officials in the English club Newcastle revealed that they are involved in a legal dispute with the English Premier League, due to the failure of the acquisition deal submitted by the Saudi Investment Fund.
The Saudi Fund announced the withdrawal from the deal after the end of the specified period for the implementation of the commercial agreement with the owners of the club, in addition to the lack of clarity regarding the conditions and criteria in which the matches will be held and the like, according to the statement issued in July by the Saudi Public Investment Fund.
The club officials confirmed that they are heading to file a lawsuit, blaming the League of League for the reasons for the failure of the deal, stressing their desire to have a hearing in court.
Last August, British Prime Minister Boris Johnson demanded: The Premier League must explain the reasons for the failure to complete the Newcastle United club deal with the Saudi Investment Fund, which announced last July that it had officially withdrawn from the purchase of “Newcastle” after things took longer than expected.
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