An expert on Gulf relations has made a very big claim with regards to the proposed £300m takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) consortium.
As per The Chronicle, Dr Kristian Ulrichsen said: “If the Saudi government can give whatever reassurance it can about broadcasting, piracy and the links of state to Public Investment Fund there’s no reason to see why it couldn’t be approved at some point.”
This follows the reported development in the Middle Eastern region that Qatar and the KSA are expected to reach an agreement that will help ease a standoff in the Gulf region, which has been in existence for three years.
Is the KSA takeover of Newcastle over?
The political dispute between the two countries involved added an extra element to the prospective deal between Mike Ashley and the KSA group, given that the Qatari broadcaster BeIN Sports were heavily against any sort of involvement whatsoever between their Gulf neighbours and the Premier League.
Is piracy the main issue in the Newcastle takeover debate?
While there is still the issue as to whether PIF are a separate entity from the Saudi state, Ulrichsen believes that if the Saudis can sort out any remaining issues to do with piracy, then it may well pave the way for the bid to be approved.
That said, it may take an arbitration hearing in order to settle the ongoing legal battle between the St. James’ Park faithful and the English top flight once and for all.
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