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

    Several clubs hoping to sign out of favour Arsenal man

    Arsenal and Tottenham Hotspur battled to a 2-2 draw in the North London derby at The Emirates on Sunday.  The Gunners went...

    Newcastle’s Elliot Anderson struck by bottle thrown by Sheffield United fan

    Newcastle’s Elliot Anderson ended up getting struck by a bottle thrown by a Sheffield United fan as the Magpies won 8-0 at Bramall Lane. Cameras...

    Boxing: Eddie Hearn confident of Canelo Alvarez knockout over Jermell Charlo

    Mexican Canelo Alvarez will hold his traditional September bout this Saturday, however it will not be on Mexican Independence Day, but he will still...
    Betting on Soccer


    Subscribe to stay updated.