[{"@context":"https:\/\/schema.org\/","@type":"NewsArticle","@id":"https:\/\/thehomeground.asia\/international\/premiere-leagues-alleged-corruption-just-what-is-going-on-with-newcastles-takeovers\/#NewsArticle","mainEntityOfPage":"https:\/\/thehomeground.asia\/international\/premiere-leagues-alleged-corruption-just-what-is-going-on-with-newcastles-takeovers\/","headline":"Premiere League\u2019s Alleged Corruption \u2014 Just What Is Going On With Newcastle’s Takeovers?","name":"Premiere League\u2019s Alleged Corruption \u2014 Just What Is Going On With Newcastle’s Takeovers?","description":"Over an entire decade, Newcastle United Football Club\u2019s (NUFC) owner Mike Ashley has made his intentions of selling the Tyneside club clear. Since his acquisition in 2007 for \u00a3135\u00a0million, the British billionaire has, on multiple occasions, reiterated his desire to let go of the reigns amidst incompetence in the Premiere League, most vocally by mounting […]","datePublished":"2020-08-26","dateModified":"2020-11-27","author":{"@type":"Person","@id":"https:\/\/thehomeground.asia\/author\/leland-tan\/#Person","name":"Leland Tan","url":"https:\/\/thehomeground.asia\/author\/leland-tan\/","identifier":70,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/58b6f6b2fbe1dbd1c8aba6050994c3e5b4c3c4ead14575f6065e7e4ed62b72a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/58b6f6b2fbe1dbd1c8aba6050994c3e5b4c3c4ead14575f6065e7e4ed62b72a3?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"TheHomeGround Asia","logo":{"@type":"ImageObject","@id":"https:\/\/thehomeground.asia\/wp-content\/uploads\/photo_2021-07-22-222533.jpeg","url":"https:\/\/thehomeground.asia\/wp-content\/uploads\/photo_2021-07-22-222533.jpeg","width":640,"height":640}},"image":{"@type":"ImageObject","@id":"https:\/\/thehomeground.asia\/wp-content\/uploads\/1598266481747_sports_newcastle-takeover_pixabay_12C.jpg","url":"https:\/\/thehomeground.asia\/wp-content\/uploads\/1598266481747_sports_newcastle-takeover_pixabay_12C.jpg","height":960,"width":1280},"url":"https:\/\/thehomeground.asia\/international\/premiere-leagues-alleged-corruption-just-what-is-going-on-with-newcastles-takeovers\/","about":["International"],"wordCount":913,"articleBody":"Over an entire decade, Newcastle United Football Club\u2019s (NUFC) owner Mike Ashley has made his intentions of selling the Tyneside club clear.Since his acquisition in 2007 for \u00a3135\u00a0million, the British billionaire has, on multiple occasions, reiterated his desire to let go of the reigns amidst incompetence in the Premiere League, most vocally by mounting pressure from fans.Ashley, who owns multiple businesses like discount chain Sports Direct, boxing goods manufacturer Everlast, and a slew of other sporting good brands, has been cited as a lackluster investor and \u2018void of ambition\u2019 in trying to resurrect NUFC to a semblance of its glory days, prioritising cost-effectiveness over sporting success.Yet it isn\u2019t for a lack of suitors that the club has failed to acquire a new owner.Since his ownership, a slew of potential buyers have partaken in long, drawn out sagas of discussions till the fallout of an eventual sale \u2014 a circus most recently fronted by Singaporean firm Bellagraph Nova Group (BNG). Just why exactly have these fallen through?Reuters investigates Bellagraph Nova GroupBNG were the latest to throw their hat into the takeover ring on August 15 2020; in a press release, the newly registered Singapore company announced a turnover of $12 billion in 2019 from its headquarters in Paris, whilst stating that \u201cnegotiations are at an advanced stage\u201d following a letter of intent (LOI) and proof of funds (POF) sent to Mike Ashley.A statement made by the group also claimed that they were closely working with former England captain Alan Shearer and former NUFC player Michael Chopra for the takeover. BNG\u2019S bid was $280 million.The group, which was registered only in July 2020, then posted marketing collaterals of their co-founding members Terence Loh, Nelson Loh, and Evangeline Shen engaged in a photo-op with Barack Obama on multiple occasions.However, when pressed on the legitimacy of their intentions and operations by Reuters, BNG\u2019s existence is riddled with discrepancies.According to government records, no company under the name of Bellagraph Nova Group is officially registered in France; the address of which they are said to have been operating out of \u2014 10 Place Vendome \u2014 does not contain the company\u2019s records either.Alan Shearer\u2019s management subsequently said he was not involved in the takeover efforts.Then, when questioned on their publicity efforts, BNG\u2019s head of investor relations released a separate statement stating that the company had knowingly edited photos of the ex-United States president as if he had attended one of their company\u2019s meeting. They have since taken down said photos from their social channels.BNG has also listed affiliations and claimed ownership of multiple companies and entities (Hydra X, NETX, BN Airlines), most of which have outrightly rubbished the purported relationship or do not exist altogether.https:\/\/twitter.com\/nettlewarrior72\/status\/1294985291774779392While it remains to be seen what transpires, Reuters reports that all three of the co-founders did not respond to their requests for comments. Mike Ashley has not yet responded publicly to the bid, as well as the controversy.Saudi Arabia\u2019s \u2018almost\u2019 takeover, and the League\u2019s deafening silenceBefore BNG, it was Crown Prince Mohammed bin Salman, chairman of Saudi Arabia\u2019s Public Investment Fund (PIF), who proposed a $300 million purchase of NUFC in a consortium. The PIF, which invests in international projects, is Saudi Arabia\u2019s sovereign wealth fund.Out of all the bids in the past, the Prince\u2019s takeover was the only one that had reached the closing stages of checks by the Premiere League\u2019s owners\u2019 and directors\u2019 test, which assesses the suitability of an entity to parent a football club.The takeover was stalled by the League for several months during these tests, of which many political and corruption issues saw the light of day.In one of the many hindrances, human rights organisations condemned Saudi Arabia\u2019s owners and practices concerning welfare. Amnesty International also advised that a regime that\u2019s consistently embroiled in human rights abuses should be distanced from the Premiere League.In 2018, the CIA concluded that Bin Salman ordered the 2018 assassination of journalist Jamal Khashoggi in Istanbul.Premiere League CEO Richard Masters had been singled out for this, with Amnesty UK director Kate Allen having requested a ban of the takeover.“I believe there are serious questions to address in determining whether the owners and directors of the company seeking to acquire NUFC are meeting standards that can protect the reputation and image of the game,” Allen said in a letter to Masters.Further, prominent NUFC fanbase site, nufc.blog.co.uk, have taken it upon themselves to shed light on the ostensibly nefarious reasons as to why the Saudi takeover was stalled by the League, who has substantial ties with officials in Qatar and broadcasting rights with Qatar owned BeIN Sports.As the Telegraph reports, \u201cThe league is desperate to hang on to keeping their process secret because they have Ashley\u2019s lawyers circling in one corner and BeIN Sports in the other.\u201dRant time! Qatar can bribe their way into hosting a World Cup, are privy to the @premierleague's so called confidential info. Pathetic human rights,They also have a huge say in who can own what, Money & politics running the world game #nufc #newcastle #NUFCTakeover #WeWantSaudi— Dave Harvey (@DaveHarvey17) August 22, 2020At present, Newcastle United are several weeks into the transfer window\u00a0without purchasing any players. Mike Ashley is still the owner, and are two weeks away from the start of the new season."},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"International","item":"https:\/\/thehomeground.asia\/international\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Premiere League\u2019s Alleged Corruption \u2014 Just What Is Going On With Newcastle’s Takeovers?","item":"https:\/\/thehomeground.asia\/international\/premiere-leagues-alleged-corruption-just-what-is-going-on-with-newcastles-takeovers\/#breadcrumbitem"}]}]