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Newcastle United: Takeover in doubt as Premier League investigate piracy further
The proposed takeover of Newcastle United is facing fresh doubts as the Premier League are reportedly looking to investigate into the ongoing piracy issue in Saudi Arabia further, according to the Daily Mail.
Will the Premier League approve the takeover of Newcastle?
Yes
No
As per the outlet, the English top flight want to raise further questions to the country’s Public Investment Fund (PIF) in which crown prince Mohammed bin Salman is trying to use in order to help fund the £300m deal with current owner of the Tyneside club Mike Ashley.
PIF agreed to buy 80% of the club from Ashley, with businesswoman and head of PCP Capital Partners Amanda Staveley and the London-based billionaire Reuben brothers making up the other side of the bid. However, it is understood that the would-be owners have already answered numerous questions on beoutQ, the pirate satellite television station based in Saudi Arabia, which has been illegally streaming games from England’s highest division.
As a result, the Premier League have called for further inquiries into the matter as the World Trade Organisation (WTO) could deal another potentially damaging blow as the judgement on the TV channel edges ever closer. If it is ruled that the Saudi state is behind beoutQ, then this could sway the Premier League to disapprove the bid from the Saudi Arabia-led consortium, which could in turn ultimately put an end to the takeover speculation.
Nevertheless, several members of the Toon faithful will be hoping that this is just another delay more than anything else and that the prospective deal will eventually get over the line.
Geordies, are you doubting whether the bid will go through? Comment below with your views!
