The proposed takeover of Newcastle United by the Kingdom of Saudi Arabian (KSA) group has taken another twist as the Middle Eastern country has announced more anti-piracy measures, according to The Chronicle.
As per the outlet, The Saudi Authority for Intellectual Property (SAIP) have signed a joint-work program with the General Commission for Audiovisual Media as the Saudis attempt to tackle their piracy issues.
A press release from the SAIP notes that the governing body have carried out a number of inspection campaigns and have targeted a number of different areas who are in violation at the moment.
These areas include electronic hardware stores, computer programs, websites and record stores.
The people of the KSA have also been urged to report those who are pirating content by directly contacting the SAIP via their customer service number.
The Premier League chief executive Richard Masters stated in his letter back to local MP Chi Onwurah that the Saudi Public Investment Fund (PIF) walked away from the £300 million deal with Mike Ashley before any conclusions had been made on disqualifying offences, including intellectual property infringements.
It seems like if there is any chance of the deal being resurrected, then the Saudis must prove that they have stamped out their piracy issues once and for all, which would surely please the top flight and Masters himself.
Is the Saudi takeover of Newcastle saga over?
Nevertheless, until all of the issues are resolved in the bid, including with piracy, it looks as if the prospective takeover will continue to be buried under the water,
Geordies, do you still have hope for the takeover? Comment below!
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