Ben Jacobs has dropped a very ‘interesting’ update on the proposed £300m takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) group.
As per a tweet from the sports journalist, the government of the KSA have confirmed that they will ‘review’ their World Trade Organization (WTO) appeal against the Kingdom’s piracy TV broadcaster beoutQ following the Gulf Cooperation Council (GCC) summit.
Are the Premier League to blame for the Newcastle takeover collapse?
Jacobs also added that the Saudi government ‘are expected’ to withdraw their appeal, which he claims would ‘pacify’ the Premier League, who testified on the behalf of Qatari broadcaster beIN.
However, the journalist also revealed that the KSA government will only ‘provide an update directly to the WTO’ and thus not talk to Qatar, as per clause four of their appeal.
The WTO gave Jacobs a statement themselves confirming that the appeal is ‘in limbo’ and that the Saudi government have not given any more information or documentation on the matter since July of last year.
The organization are now waiting for instructions from the Biden administration on how the gridlock, for 16 appeal cases, may be resolved in the future.
What does this mean for the Newcastle takeover?
If the KSA government are expected to withdraw their WTO appeal as Jacobs claims, then it could most certainly ease the ongoing tensions between them and the top flight with regards to piracy – a major issue that reportedly impacted the ODT, the stumbling block in the takeover.
The Saudis would then likely look to cut out their piracy issues in the Gulf country once and for all, which would put them on good terms with England’s top flight ahead of a possible takeover revival.
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