The proposed takeover of Newcastle United has been put into doubt as ChronicleLive relayed comments made from Angus MacNeil MP with regards to the attempts to block the £300m deal in Parliament.
Will the Premier League approve the takeover of Newcastle?
The MP argues that whilst the approval of the bid has been down to the Premier League, the United Kingdom’s government must take matters into their own hands with regards to protecting their creative industry exports following the findings of the World Trade Organisation (WTO) report that the pirate satellite TV channel beoutQ, which illegally broadcasts and streams games from the English top flight, was found to be operating in Saudi Arabia.
The accusation was made by Qatar, the only country in the Middle East with the rights to broadcast English top-flight matches, as the Saudis breached their own international laws.
However, the government of the Kingdom of Saudi Arabia have not been found to be associated with the station as of yet, which will surely come as a relief to Toon supporters as the country’s crown prince Mohammed bin Salman and his Public Investment Fund (PIF) are on that board. They are also on the buying side of Amanda Staveley’s consortium plotting to take over the club, alongside the billionaire Reuben brothers based in London.
Nevertheless, MacNeil is the latest person in Parliament to oppose of the takeover and has thus urged the British government to intervene should it be approved.
Whether the bid will be approved remains up in the air, but the fact that the government could intervene may potentially deal a huge blow.
Geordies, should the government intervene in the takeover? Comment below with your views!
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