Saudi Arabia is about to finalise its prolonged takeover of Premier League’s Newcastle United, by lifting ban on Qatari broadcaster which was the biggest obstacle for the deal
Saudi Arabia’s prolonged takeover of the English Premier League football club Newcastle United is imminent which means ending Mike Ashley’s 14 year ownership of the club. and it could even be signed within the next 24 hours.
A court case, brought by beIN under international arbitration and in which the company claimed over $1 billion in damages against Saudi Arabia, is still pending. The arbitration will be held in London. Already, many cafes and restaurants in the Saudi capital Riyadh have already started using satellite dishes to show games on beIN Sports channels since the diplomatic rift ended.” and “global uncertainty” had “rendered the potential investment no longer commercially viable.”
If the deal is signed Riyadh will join the petrostates’ race in football pitches as the United Arab Emirates and Qatar previously purchased Manchester City and Paris Saint-Germain, respectively.
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