Newcastle United drama forces PL to sever ties with top exec - expert

By Dr Dan Plumley

3rd May, 2022 | 12:56pm

Finance guru: Newcastle United drama has forced Premier League to 'sever ties' with top executive

The Premier League has cut ties with interim chair Peter McCormick’s law firm because of drama surrounding the Newcastle United takeover.

So says finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the allegations of a conflict of interest at Premier League HQ.

The Magpies were bought out by a consortium led by the Saudi Public Investment Fund for £305million in October last year.

Three months later, former FA Vice Chairman McCormick was named interim head of the Premier League following Garry Hoffman’s resignation.

Per The Times last month (11 April), McCormick’s law firm, McCormicks Solicitors, conducted background checks on the Newcastle takeover.

This led rival Premier League clubs to suggest that the 69-year-old executive might have a vested interest.

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And The Times updated last Friday (29 April) to say that McCormicks Solicitors would no longer undertake due diligence on future takeovers.

Plumley is not surprised to learn that the Premier League has backed down.

“They have definitely reached the right decision,” the Sheffield Hallam University expert told Football Insider‘s Adam Williams.

“The minute this broke and people jumped onto it, they were questioning the morals and the possibility of a conflict of interest with Newcastle.

“You could see the writing on the wall. from the start. They were probably left with no choice but to sever ties.

“The last thing they wanted was further accusations down the line, so it was no surprise to see this one go through.”

Newcastle became the richest club in world football after the Saudi-led takeover.

They have since all but mathematically secured their Premier League status.

In other news, pundit suggests Newcastle United could sign perfect Bruno Guimaraes ally after update.