Mehrdad Ghodoussi has reacted to the latest Middle East development that may help in the possible revival of the proposed £300m takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) group.
The KSA and Qatar restored their diplomatic ties in the Gulf Cooperation Council (GCC) summit, which has in turn eased the tensions between the two countries that have been going on since 2017.
Are the Premier League to blame for the Newcastle takeover collapse?
The husband of Amanda Staveley, who was spearheading the KSA consortium in their deal with Mike Ashley, tweeted his ‘congratulations’ to the Gulf neighbours for restoring their ties and added that he hopes that it would now bring ‘continued stability and peace to the region’.
Does this give hope for the Newcastle takeover?
Given the previous strains in the relationship between the two countries with the banning of beIN in the Kingdom and the illegal streaming of games from the Premier League, it should give a form of hope to some fans at St. James’ Park that the takeover bid could still yet be revived.
If the Saudis were to unban the access of beIN to their residents as well, then they could soften the currently-strained relationship that they have with the top flight, and thus work to get the takeover back on track.
Nonetheless, just how much influence that these ties have on the deal is yet to be seen unless any further progress is made.
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