On 9 September 2020, Masters was accused by Newcastle United of not "acting appropriately" in relation to the Premier League's blocking of the
attempted takeover of the club by a consortium consisting of
PCP Capital Partners,
Reuben Brothers and the
Public Investment Fund of Saudi Arabia.
[9] This was following accusations from the consortium that the Premier League had deliberately misapplied their Owners' and Directors' test in order to frustrate the deal, due to improper influence from various third parties to block it.
[10] On the 29th September 2021, a Competition Appeal Tribunal heard that Masters and the Premier League "Abused its position" after it was "improperly influenced" by outside agencies such as the Qatari owned media outlet, BeIN Sports.