Newcastle United’s takeover has been a huge talking point over the last few months.
Supporters of the Magpies are waiting with bated breath after news broke two months ago about a prospective £300million deal to buy the club.
Amanda Staveley is the figurehead of the Saudi-backed consortium who are said to be leading the charge for the club, but so far there’s been no news of a confirmed deal.
The club are currently waiting on a verdict from the Premier League as to whether the £300million deal can go ahead.
That decision was delayed while the World Trade Organisation (WTO) investigated whether Saudi Arabia’s government has been involved in the illegal streaming of sports events.
Saudi Arabia were accused of failing to ‘provide adequate protection of intellectual property rights held by or applied for entities based in Qatar’.
This relates to the blocking of beIN SPORTS and the Kingdom’s links to beoutQ, which simulcasted the Qatar-based channel’s broadcasts.
According to Chronicle Live, that 125-page report claims that Saudi Arabia had not provided ‘criminal procedures and penalties’ to tackle pirate pay broadcaster beoutQ.
A decision from the Premier League has since been delayed into a 13th week, and according to Lee Ryder of Chronicle Live, a rejected decision could lead to a legal challenge from the buying party.
Asked if the Saudi-based consortium are confident of a deal, Ryder wrote: “That’s the message coming from sources close to them.
“They believe they have done everything asked of them and that piracy links are nothing to do with them.
“In their eyes, this deal should have been done a while ago, but opposition from MPs and Hatice Cengiz, fiancee of the murdered journalist Jamal Khashoggi, has meant the Premier League have had to respond.
“Talk of Project Restart delaying the deal has been and gone with the top-flight now back up and running and Premier League officials completely clear to process this deal either way.
“In terms of an announcement, the Premier League would leave either Ashley or the would-be owners to tell the world of their news.
“If it was rejected there could be a legal challenge from those who want to buy the club from Ashley.”
GIVEMESPORT’S Phil Spencer says…
While patience is obviously key during such uncertain times, you can hardly blame the Newcastle United fans for growing restless.
For many, a potential announcement of a full takeover is exactly what they’ve been wishing for several years while enduring a turbulent reign under Mike Ashley.
The Sports Direct owner has been a hugely unpopular figure on Tyneside, and that’s why talk of interest from the Saudi-based consortium is such a hot topic of conversation.
But Newcastle fans must still be cautious.
If anyone knows what it’s like to see their club owned by an unpopular figure, it’s Newcastle United fans.
That’s why they must remain patient – after all, the last thing they want is to jump out of the frying pan and into the fire.