Saudi PIF
‘Next up, deal is agreed!’: Many NUFC fans react as Saudi telecom look to buy out PL Tv deal
The last 24 hours have been a rollercoaster ride in the Newcastle United takeover saga, and not for the first time, it leaves the situation with endless possibilities. Richard Keys, the Tv Presenter for BeInSports, made a huge claim on Monday that the Premier League will give their nod to the Newcastle takeover within this week. We all know that the issue of piracy is the major stumbling block for the takeover to go through. BeIN SPORTS are the official partner of the Premier League and they are losing wealth following an unprecedented scale of piracy via satellite TV beoutQ. Craig Hope of The Daily Mail tweeted yesterday that the Premier League are expected to deliver the verdict in favour of the potential Newcastle owners shortly. But then the takeover saga has taken a complete twist aft...
‘I’ve been told’: Caulkin suggests how would-be Newcastle owners are feeling about setbacks
It is over three months now since the potential new owners have started their “fit and proper person’s test” taken by the Premier League. Initially, it was thought that it would hardly take a month for the Premier League to give the green signal. However, the saga has dragged on, and no one really knows (apart from Richard Keys) when the official verdict will arrive. As of now, a deal in the region of £300m has been sanctioned by Mike Ashley while the potential owners – Amanda Staveley, the Reuben brothers and the Saudi Public Investment Fund – are still waiting for approval from the Premier League. George Caulkin of The Athletic, arguably one of the best journalists around, has been covering every detail of the takeover saga. He has been providing the fans with all the latest up...
‘Will consider other options’: Matt Dickinson provides latest update on NUFC takeover
It seems like the potential owners are getting frustrated with every passing week as the Newcastle United takeover saga goes on. Mike Ashley has already agreed a £300m deal to sell Newcastle, and a part payment has already been made, which is non-refundable. The potential new owners – the Public Investment Fund of Saudi Arabia, Reuben Brothers and PCP Capital Partners – are waiting for the final verdict from the Premier League. Last week it felt like the deal would collapse. The World Trade Organisation released a report where it was stated that the Kingdom of Saudi Arabia was behind beoutQ. The ruling raised serious questions over whether the Premier League can approve the £300m takeover bid from the Saudi consortium. However, in their latest move to secure the Newcast...
