Ben Jacobs has revealed ‘another step’ toward a possible revival of the proposed £300m takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) consortium.
In a thread on Twitter, the Sports journalist gave his thoughts on the extension of the Middle East/North Africa (MENA) TV deal between the Premier League and Qatari broadcaster beIN Sports, which will now run until 2025, and what it could possibly mean for the prospective deal between Mike Ashley and the KSA group.
Is the KSA takeover of Newcastle over?
Jacobs revealed in one of his tweets what he has been told that the government of the KSA are trying to do, and what it could mean for the takeover at St. James’ Park in the long-term:
“I am told Saudi government appear set to drop their appeal against WTO report. This would be another step towards pacifying EPL and beIN and moving forward on more amicable and mutually beneficial terms.”
Meanwhile, I am told Saudi government appear set to drop their appeal against WTO report. This would be another step towards pacifying EPL and beIN and moving forward on more amicable and mutually beneficial terms.
— Ben Jacobs (@JacobsBen) December 17, 2020
What did the WTO report rule and what could it mean for the takeover?
The World Trade Organization (WTO) ruled that the pirate television channel beoutQ was from the Saudi government, which was responsible for the illegal streaming and broadcasting of games from the English top flight.
Given that beIN Sports hold the only only rights to show these matches in the Gulf region, this put a strain on the relationship between the KSA and Qatar as well as England’s highest division itself.
However, the fact that the Kingdom’s government are set to drop their appeal against the WTO report as Jacobs is told could mean that those relationships would be softened, and thus the unbanning of beIN coupled up with the legal showings of matches from the EPL could be ‘another step’ toward a potential revival for the takeover.
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