The English Premier League Gives Green Light for Newcastle's Saudi Takeover
The British newspaper, “The Sun”, reported that the Saudi Investment Fund and the brothers Robin and Amanda Staveley’s acquisition of the Newcastle United team had received the green light from the English Premier League after the recent developments by Saudi Arabia and the return of beIN Sports to broadcast in Saudi Arabia and the latter’s commitment to fighting piracy. The Premier League is set to give the green light to Newcastle United's £300m Saudi takeover after finding no barriers in the owners and directors test.
According to the newspaper, it is likely that the deal of £300million pounds will be settled in the coming days, and the final procedures will start from today, Thursday. For its part, the Guardian wrote in its main headlines: “Saudi Arabian takeover of England Newcastle” The British newspaper "The Sun" confirmed that the English Premier League was convinced that Saudi Arabia would not run the club through the Saudi Investment Fund; what was one of the concerns that were an obstacle to the deal.
Mike Ashley was the owner of Newcastle United."The Sun" confirmed that the State of Qatar welcomed the lifting of the ban on " beIN SPORTS " in Saudi Arabia, especially since Sports channel announced a new rights deal worth a reported £370 million for the Middle East and North had agreed with the English Premier League on transfer rights in the Middle East and North Africa for a period of 3 years.
With the difficult situation of Newcastle United have fared in their opening seven Premier League games since their inaugural campaign in 1993/94, as it ranked the 19th place and with 3 points. The deal is important for the team's fans, who hope to constitute a qualitative leap for the team through important investments that bring great players and return the team to compete for European positions and titles.
Saudi Arabia's acquisition of the English club receives the support of Alan Shearer, the the all-time legends of English football and legend of Newcastle, according to the British newspaper Express.