Discussions from MPs in Parliament may lead to a compromise from the Premier League and its chief executive Richard Masters on the proposed takeover of Newcastle United, according to The Chronicle.
As per the outlet, the results of these talks could well lead to a path for the Kingdom of Saudi Arabian (KSA) group.
Is the Saudi takeover of Newcastle saga over?
One possible option would be for the Saudis to compensate beIN Sports or the top flight for their piracy issues, with England’s highest division then breaking up the Middle East and North Africa (MENA) rights package in two years from now.
There are also apparently whispers about a workaround for assurances about state control, with the immediate removal of directors if there was any interference from the state.
However, whether these options lead to anything is another question for now, but at least there are potential pathways being explored to get the prospective £300 million deal between Mike Ashley and the Sausi-led consortium back on.
Indeed, the buying side, which consists of the Middle Eastern crown prince Mohammed bin Salman (MbS), his country’s Public Investment Fund (PIF), the businesswoman and head of PCP Capital Partners Amanda Staveley and the billionaire London-based Reuben brothers, have already made their intent clear with regards to the bid, saying that “the fight must go on” with regards to getting the takeover over the line.
However, unless the EPL and its CEO cooperate fully with the would-be owners from here on in, it is unlikely that the deal could be resurrected.
Nevertheless, the takeover is not entirely dead, but there seems to be a lot of work needed in order for it to be back on.
Geordies, do the EPL need to compromise? Comment below!
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