Gary Hoffman will leave his post in January due to the hostile reaction of Premier clubs to the purchase of the ‘Magpies’ by a Saudi investment fund.
The President of the English Premier League, Gary Hoffman will resign from his position at the end of January due to the hostile reaction of the clubs to the purchase of Newcastle by a Saudi public investment fund, the Premier League announced on Wednesday.
Hoffman was installed as president in April of last year and only 19 months later he will say goodbye to his position, after making the decision to resign.
Premier League chairman Gary Hoffman will step down from the role at the end of January 2022.
— Sky Sports News (@SkySportsNews) November 17, 2021
Numerous clubs They showed their discomfort after the decision of the Premier to authorize this investment fund, chaired by Saudi Crown Prince Mohammed ben Salman, entering Newcastle’s capital a month ago.
The English league stated that it had received legal guarantees that the Saudi state would not have control of the club.
Eighteen clubs, all except Newcastle and Manchester City, They supported a motion to ban the project for the time being.
A task force made up of representatives from eight Premier League clubs is working on new rules aimed at prevent clubs from reaching agreements with companies linked to their owners. His report will in principle be made public at the end of November.
“It has been a privilege to lead the Premier League for the last two seasons … Now I decided that it was time to retire to allow new leaders to lead the league into its exciting next phase,” Hoffman said, quoted in the statement. of the Premier League.
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