Soccerlens.com · May 27, 2020
The Times: Fresh doubt has been cast on potential Newcastle takeover
According to reports from The Times, ‘fresh doubt has been cast’ on the proposed takeover of Newcastle United by the Saudi consortium.
A potential £300million buyout of the club, brokered by Amanda Staveley’s PCP Capital Partners but bankrolled by the Saudi Arabian Public Investment Fund, who will own 80% of the Magpies, is going through the Premier League’s Owners and Directors checks.
However, Saudi investors are facing objections regarding violations of human rights and piracy issues. The latest report claims that the Premier League has been sent a ruling by the World Trade Organisation which states that the kingdom of Saudi Arabia is behind pirate satellite TV service beoutQ.