A journalist for renowned Newcastle fans’ website True Faith has suggested that the proposed takeover in the northeast should not be affected by the findings of a report sanctioned by the World Trade Organisation (WTO) about Saudi Arabia’s protection of intellectual property rights.
Will the takeover of Newcastle be approved?
As per the True Faith article, the WTO ruled that the Kingdom of Saudi Arabia (KSA) both supported and actively promoted the pirate satellite television channel beoutQ and stated that the country breached their own obligations under their international law.
However, the writer claims that the result of the case is not bad as it perhaps could have been for the prospective deal between Amanda Staveley’s Saudi Arabia-led consortium and current club owner Mike Ashley.
He adds that there is nowhere in the report referencing the country’s Public Investment Fund (PIF), headed by Saudi crown prince Mohammed bin Salman, nor that the Saudi government are by any means responsible for the operation of beoutQ,as is KSA in terms of being directly involved in the piracy.
The post signs off by advising members of the Toon faithful to “keep the cans on ice”, meaning that he thinks there is still time for a celebration if the Premier League decide to approve the £300m takeover bid, regardless of the findings made by the WTO against the Saudis.
However, the reality is that nobody knows what the English top flight are thinking in terms of the WTO report as they have remained fairly silent on the takeover until now, so all claims like this one remain speculative until an official announcement is made by the Premier League.
Geordies, does the Premier League need to break its silence on the takeover? Comment below with your views!
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