But on Wednesday, Newcastle said the Premier League had rejected the bid. "[Owner] Mike Ashley understands fans' frustrations," the club said, adding the rejection had been based on the Premier League's owners' and directors' test. In a statement, Newcastle added: "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. Masters also said the Premier League would "look again" at the "issues and specifics" of its owners' and directors' test. The Premier League's rules meant it wanted to know who would have control, where funding would come from, and who would appoint the board.

Source: BBC September 09, 2020 19:49 UTC