Mon. May 16th, 2022

Newcastle’s dormant takeover saga has burst back into life.

By CHARLIE GORDON

Newcastle have received a major boost in their prospective Saudi takeover which hit significant bumps in the road back in 2020. A broadcast dispute between Qatar and Saudi Arabia has reportedly been cleared up, paving the way for the wheels to be set in motion once again which could see ownership change hands at one of England’s biggest clubs. 

The two Middle Eastern states were locked in a years-long dispute after Qatari-based beIN Sports had its regional stream hijacked.

A Saudi-owned duplicate company, named beOUTQ, distributed the beIN feed across the region which cost the original firm millions.

Even after the duplicate was pinpointed and closed down in 2019, the Saudis continued to block the beIN stream which caused enduring tensions.

However, The Athletic report that Saudi Arabia have reversed their block on the beIN feed and settled their legal disputes.

BeIN has a three-year £370million deal to broadcast the Premier League in the Middle East and North Africa, and the removal of this commercial tension is set to go down favourably in the eyes of Prem chief Richard Masters.

The Premier League originally refused to rule on the £300m takeover after investigating links between Saudi Crown Prince Mohammed Bin Salman and the Kingdom’s Public Investment Fund, who were seeking an 80 per cent share in the Magpies.

With commercial opposition between the Premier League and Saudi Arabia now seemingly out of the way, Newcastle could soon be under new ownership.

That would spell the end of a 14-year stint under Mike Ashley, who fans have generally grown tired of since his takeover in 2007.

By Nwosu Chizoba David

Nwosu Chizoba David is a soccer lover and writer. He is a graduate of Biological Sciences, presently teaching in a secondary in Lagos.

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