Oliver Holt: Saudi takeover of Newcastle United will go through

    The Newcastle United takeover saga has taken a sharp twist yesterday after Saudi Arabia claimed to launch a crackdown on the TV piracy of sports matches.

    Last week Louise Taylor of The Guardian reported that the verdict will go in the potential Newcastle owner’s favour. She wrote that sources close to the deal believe that ‘it is finally near to being sanctioned’.

    The Premier League has taken 11 weeks to give approval to the contentious £300m Saudi-led takeover.

    And now, Oliver Holt of the Daily Mail has posted this tweet. He claims that ‘irrespective of right or wrong’, the Saudi Arabia takeover of Newcastle will take place.

    NFL Betting

    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.

    We all know that Mike Ashley has already agreed a £300m deal to sell Newcastle, and a part payment has already been paid, 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.

    However, this move from Saudi Arabia could be the first in a bid to solve the huge legal block to the Newcastle takeover. The Premier League, who previously failed to tackle the Saudi piracy problem, could now give their approval if they believe the crackdown will be genuine.

    Source link news

    Related articles



    Please enter your comment!
    Please enter your name here

    Betting on Soccer

    Share article

    Latest articles

    World Soccer gossip: Tottenham boss, Barca departures, Liverpool’s attack

    April 20, 2021Today’s transfer rumour round-up NEXT TOTTENHAM MANAGERFollowing Jose Mourinho’s departure, Tottenham have confirmed that Ryan Mason will remain in caretaker charge for the...

    ‘Angry’ Man Utd players hold ’emergency meeting’ with Ed Woodward over ESL plans

    Manchester United players have held an ’emergency meeting’ with Ed Woodward having been left angered by the club’s plans to join a breakaway European...

    Swansea City star Andre Ayew set to miss QPR’s clash today

    Ghana and Swansea City star Andre Ayew is set to miss his side’s Championship game against Queens Park Rangers today, April 20, due to...
    Betting on Soccer


    Subscribe to stay updated.

    Get all the Soccers update on your hand. Always touch with Soccer