American media mogul Henry Mauriss is said to be readying a £350 million bid to buy Newcastle United should the Premier League knock back Saudi Arabia’s Public Investment Fund’s £300 million bid.
Piracy claims that have since been confirmed by a World Trade Organization report have prevented the Saudi takeover from going through, but it is believed a verdict could be reached this week after the Kingdom decided to crack down on illegal streaming websites.
It remains to be seen what the Premier League’s final decision will be, but the PIF aren’t worried that Mauriss will outbid them, especially given that there has been no proof of funds from his side.