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Nick De Marco comments on (and drinks to!) Newcastle United takeover deal completion

1 week ago
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It was actually 13 months ago when Nick De Marco became a name generally known to Newcastle United fans.

Mike Ashley released a statement on Wednesday 9 September 2020 accusing the Premier League of not acting ‘appropriately’ in rejecting the Newcastle United takeover.

The Premier League replied the following day with their own statement (see both statements below) absolutely dismissing the NUFC owner’s claims.

Then a further four days later, on Monday 14 September 2020, London based barristers Blackstone Chambers confirmed (also see below) that Mike Ashley had engaged them to act on his and the club’s behalf in taking on the Premier League, with Shaheed Fatima QC and Nick De Marco QC the legal team named as set to get involved with NUFC and Ashley.

Over the past year or so Nick De Marco attracted a healthy following of Newcastle fans on his Twitter account, leading to some pretty strange, often amusing claims from both NUFC media and fans that they had picked up clues as to the direction / likely success of the NUFC / Ashley legal moves…based on Tweets Nick De Marco had sent out regularly showcasing his love of baking home produced bread (I did say it was pretty strange).

Nick De Marco clearly at times playing up to his new found fanbase, with some ‘coincidental’ product placements in the photos / text, such as Newcastle Brown Ale…

Whilst a QPR supporter first and foremost, Nick De Marco is also a fan of those clubs he represents / has represented and none more so than Newcastle United.

The NUFC QC taking to Twitter after the completion of the takeover to celebrate with a perfect black and white drink for the occasion, Nick De Marco on the black velvets (Champagne and Guinness):

As well as commenting on the events this week and completion of the Newcastle United takeover:

“Black Velvet.

“When Newcastle takeover deal done in principle. Celebrated privately with black and white cocktail. Now can do so openly.

“Been a long ride, but I’m so pleased for NUFC and its fans. Hope this marks start of a wonderful new era. Looking forward to a match at SJP soon!

“Although the dispute with the Premier League was hard fought I think the result is best for it too – helping to seal its reputation as the best and most competitive/exciting league in the world.

“Imagine if we missed the chance of investment and allowed another league to get it.”

We’ll drink to that Nick!

Blackstone Chambers announcement – Monday 14 September 2020:

‘Newcastle United FC and the Premier League

Shaheed Fatima QC and Nick De Marco QC are acting for Newcastle United FC and Mike Ashley (instructed by Dentons) in a dispute with the Premier League about its rejection of a takeover bid made by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF) based on its Owners and Directors test.’

Official Club (Mike Ashley) statement on Newcastle United takeover situation – Wednesday 9 September 2020:

‘Newcastle United can confirm that the Premier League has rejected a takeover bid made by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF) based on its Owners and Directors test.

This conclusion has been reached despite the club providing the Premier League with overwhelming evidence and legal opinions that PIF is independent and autonomous of the Saudi Arabian government.

The club and its owners do not accept that Premier League chief executive Richard Masters and the Premier League have acted appropriately in relation to this matter and will be considering all relevant options available to them.

Mike Ashley understands fans’ frustrations and would like to reassure them that he has been fully committed to ensuring this takeover process reached completion as he felt it was in the best interests of the club.

Mike continues to be fully supportive to Steve Bruce, the players and all the staff and wishes them well for the upcoming season.’

Premier League statement in response to Mike Ashley’s statement / claims – Thursday 10 September 2020:

“The Premier League was disappointed and surprised by the Newcastle United Football Club statement regarding its potential takeover by PCP Capital Partners, the Reuben Brothers and the Public Investment Fund of Saudi Arabia (PIF).

“The club’s assertion that the Premier League has rejected the takeover is incorrect.

“The Premier League Board has, on a number of occasions, given its opinion about which entities it believes would have control over the club should the consortium proceed with the acquisition. That opinion is based on legal advice.

“This means the potential takeover could proceed to the next stage should the relevant entities provide all appropriate information. They would then be subject to a suitability assessment by the Board. As an alternative, the Board has repeatedly offered independent arbitration as a way forward since June.

“It is also incorrect to suggest these decisions were taken by any individual; they were agreed unanimously by all Premier League Board members.”

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