Newcastle United may have been dealt a fresh new blow in terms of the prospective takeover in the North East as The Daily Mirror have reported that the Government pledges to act on the ongoing piracy issues in Saudi Arabia.
Should the Government intervene in the Newcastle takeover?
As per the outlet, Senior Government ministers have reportedly vowed to act against the pirate broadcasting of sport, including football games and in particular matches from the Premier League, raising ‘current infringements’ with the Saudi Government amid the ongoing takeover bid of the Tyneside club.
The Saudis are seeking approval from the English top flight for a £300 million buy-out of the Magpies, 80 per cent funded by their government’s Public Investment Fund (PIF).
However, approval has been held up amid protests from television broadcasters, and sporting organisations around the world, who accused the Saudis of a three year state-sponsored global theft of sports events.
The Saudi state apparently wants to own the Toon as a trophy asset, but that is under threat because they are stuck in disputes with sporting bodies across the world, including UEFA, FIFA and even Wimbledon.
Culture, Media and Sport Secretary of State Oliver Dowden did not comment on the process in Parliament, however, Minister Nigel Huddleston, Alistair Carmichael MP and Trade Minister Graham Stuart also discussed the matter at hand at St. James’ Park.
The fact that the piracy issues are being discussed rather thoroughly suggests that they are being heavily disputed before a final decision is made by the Premier League, however, it is ultimately down to the English top flight, which may give some NUFC supporters a glimmer of hope.
The fans will be desperate for the whole thing to be resolved sooner rather than later, given this saga has now dragged on since late-March. They will be hoping that the Government do not prevent Mike Ashley selling up, but this update is sure to give a few some jitters.
Geordies, do you trust that the Premier League will approve the takeover? Comment below!
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