Premier League issue Gary Hoffman statement amid Newcastle United takeover backlash

Premier League chair Gary Hoffman will step down amid a backlash over the Newcastle United takeover.

By Miles Starforth
Wednesday, 17th November 2021, 1:33 pm

A number of clubs are understood to be unhappy at the £300million sale to a consortium which includes Saudi Arabia’s sovereign wealth fund. The Public Investment Fund (PIF) has taken an 80% stake in the relegation-threatened club.

And Hoffman, appointed to the role in April last year, will step down in January.

In a statement, Hoffman said: “It has been a privilege to lead the Premier League through the last two seasons – when the spirit of English football has been more important than ever. Now, I have decided the time is right for me to stand aside to allow new leadership to steer the league through its next exciting phase.”

Premier League chair Gary Hoffman.

A league statement added: “The Premier League is grateful to Gary for his committed service. He has led the league during the most challenging period in its history, and leaves it in a stronger position than ever.

“The process of appointing a new chair will begin immediately.”

Concerns about the takeover were reportedly raised at a meeting last month.

The league said it was satisfied it had legally binding assurances from PIF that the Saudi state would not have control over the club, despite the fund being chaired by Crown Prince Mohammed Bin Salman.

And the takeover led to 18 clubs – excluding Newcastle and Premier League champions Manchester City – backing a motion to place a temporary ban on owner-related sponsorship deals being done.

A message from the Football Clubs Editor

Our aim is to provide you with the best, most up-to-date and most informative Newcastle United coverage 365 days a year.

This depth of coverage costs, so to help us maintain the high-quality reporting that you are used to, please consider taking out a subscription; sign up here.

Your support is much appreciated. Richard Mennear, Football Clubs Editor