More

    Saudi Arabia Plan Premier League Broadcast Rights Bid to Get Newcastle Takeover Across the Line

    Alex Livesey/Getty Images

    Saudi Arabia are plotting to bid for the Premier League broadcasting rights in order to calm the piracy streaming concerns that have delayed their Newcastle United takeover.

    Newcastle are currently in the midst of a proposed £300m takeover, fronted by business woman and Newcastle supporter Amanda Staveley, and funded by Saudi Arabia’s Public Investment Fund (PIF).

    The proposed takeover would see PIF take an 80% stake in the club, while Staveley and billionaire brothers David and Simon Reuben would both have a 10% stake.

    Amanda Staveley
    Shaun Botterill/Getty Images

    The takeover had been edging closer to completion, with the papers submitted to the Premier League and the owners currently the subject of the owners’ and directors’ test.

    This has stalled in recent weeks after papers emerged linking the Saudi government to a pirate streaming platform that illegally broadcasts Premier League games.

    The BeoutQ platform bypasses the broadcast rights owned by beIN Sports.

    NFL Betting

    If the paperwork proves a link between the Saudi government and BeoutQ, this could be enough to fail the owners’ and directors’ test.

    According to the Mirror, the Saudis could jump this hurdle by bidding for the next broadcasting contract.

    beIN Sports’ £500m, three-year contract for the Middle East and North Africa broadcast deal expires in 2022, with the deal to be renegotiated next year.

    The Saudis could have the financial backing to outbid their Qatar-based rival beIN Sports.

    Mike Ashley, Lee Charnley
    Catherine Ivill/Getty Images

    By opening up new commercial opportunities for the Premier League, a potential Saudi broadcast deal could see the takeover given the green light.

    The proposed takeover – which would see Mike Ashley’s 13-year reign at St. James’ Park come to an end – has not been without controversy, with Saudi Arabia’s human rights record, the country’s links to the murder of journalist Jamal Khashoggi and suggestions that the takeover would be a form of sports washing.

    Fellow top flight sides have voiced their concerns, but these primarily regard their own commercial interests regarding the Saudis to an illegal streaming platform.

    Source link news

    Related articles

    Comments

    1. 290877 163858Wow, awesome blog structure! How long have you been running a weblog for? you produced blogging look straightforward. The total appear of your site is wonderful, let alone the content material material! 813432

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Betting on Soccer

    Share article

    Latest articles

    Liverpool transfer up to Klopp as Reds pull U-Turn amid Chelsea stance

    A Liverpool transfer that had been ruled out under one circumstance could be back on amid Chelsea’s reluctance to sell a similar player, per...

    Kebbi BSC are inaugural Nigerian Beach Soccer League champions

    Kebbi Beach Soccer Club are champions of the maiden Nigerian Beach Soccer League season after they edged Kada Beach Soccer club to 4-3 extra-time...

    ‘FC Dallas helped me understand my dreams’

    Tanner Tessmann has thanked FC Dallas following his recent move to Serie A side Venezia, saying the club helped him define his 'dreams and...

    Newcastle United prepare new Championship gamble – Why change ‘winning’ formula

    If when you see the Newcastle United team that lines up against West Ham you think it has a very familiar look about it,...

    Chelsea midfielder Ruben Loftus-Cheek’s promise ahead of new season

    Loftus-Cheek’s struggles Ruben Loftus-Cheek has, of course, endured a rough couple of seasons, largely due to injuries and a lack of regular football at Chelsea. After...
    Betting on Soccer

    Newsletter

    Subscribe to stay updated.