Journalist Simon Bird has revealed that there are concerns in the camp of Newcastle United owner Mike Ashley over whether the proposed takeover will actually be approved by the Premier League, as reported by the Daily Mirror.
Will the Premier League approve the takeover of Newcastle?
As per the report, the longer that the prospective £300m deal is delayed, the less likely that it will be passed by the top flight, according to Ashley’s camp. It is also thought that unblocking the issue of piracy is a ‘major problem’ for England’s highest division given what has been previously found in the report from the World Trade Organisation (WTO).
The Kingdom of Saudi Arabia were found to have been running the pirate satellite TV channel beoutQ in their own country, therefore breaching their international laws as accused by Qatar.
The Qataris are the only country in the Middle East to hold the rights to show live games from the Premier League, but beoutQ is a television station that broadcasts and streams these matches illegally.
This has not sat well with the league and could affect their final decision on the prospective takeover in the northeast.
Saudi Arabian crown prince Mohammed bin Salman (MbS) and his country’s Public Investment Fund (PIF) are set to own 80% of the Tyneside club if the Premier League approve of their bid, although the Saudis may have upset the powerbrokers in England’s highest division.
Neither MbS nor his PIF were found to be associated with beoutQ in the WTO report, but as long as the matter is further investigated then it could spell trouble for the takeover.
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