Tottenham and Liverpool attacked over failed Newcastle takeover in £3.5bn claims

Newcastle Consortium Supporters Ltd’s Keith Patterson has attacked Tottenham and Liverpool after they opposed the recent takeover bid at Newcastle.

Mike Ashley was in talks with a Saudi-backed consortium over a deal that would have potentially made the Toon the richest club in the world.

But the takeover stalled and Saudi Arabia’s Public Investment Fund, Amanda Staveley’s PCP Capital Partners and the Reuben Brothers withdrew their £350m offer.

Newcastle have launched a legal dispute with the Premier League over “leaked details”.

And Patterson claims that several Premier League clubs, including namely Tottenham along with Liverpool, were against the takeover.

He told the Shields Gazette: ”Part of the consortium had already approached Liverpool before Newcastle. They walked away of their own accord, however it was published Liverpool walked away. Is there sour grapes there? Who knows.

“Why would Tottenham not want it to happen? I could not understand that.

“But we have seen information that explains why there is the obsession with Project Big Picture and why we feel there is such a determination to stop PIF investing in Newcastle United.

“Tottenham Hotspur, in a negotiation which broke down in March 2019, approached investors in the region we are talking about – two months before the Newcastle deal was ironed out – to buy the football club for £2.5billion, with a further £1billion in add ons.

“The deal was taken to the investors in Saudi Arabia, by a dealmaker named as Eldridge Investments, and rejected.

“The whole deal totals £3.5billion – Newcastle was set to be sold for one tenth of that price. I have had that exact same information from three different credible sources.

“That concerns me. People are trying to prevent our deal going through, but were trying to so a similar deal themselves for 10 times the amount. But I feel on this alone that fans of both Spurs and Newcastle need to learn this so that they understand what is happening within their club. Then we can go somewhere to appreciating why this willing buyer and willing seller cannot do a simple deal.

“At the very least it adds to the intrigue.

“In August, I wrote that Liverpool and Tottenham were opposed to the deal in my letter to Richard Masters. Then in November I get this information. Something is really not right with the whole thing.

“If one or more company tries to stop another entering the market this is anti-competitive.

“Spurs came so close to pulling off a deal but then stood in the way of another? We will find out more with disclosure.”

 

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