They claim they didnt accept the takeover because they didnt believe the Saudi state wouldn't interfere in the running of the club.
PIF submitted written assurances from the Saudi Royal Courts (the highest in the land) that the state would not get involved.
The prem have basically said we dont believe you..
court case is sure to happen.
They tried to hoodwink the buyers by asking for the state to be the owners, knowing this was against PL rules.
Then they offered arbitration, which would tie the hands of all involved and the final ruling would be the end with no appeals.
Unlucky Masters, this could blow right up in your face