Legal action could engulf Newcastle takeover

Bruce

Newcastle's takeover saga is bordering on the ridiculous at the moment.

In fact, that's probably quite an understatement.

Whether it's Henry Mauriss weighing in on proceedings or whether it's Richard Masters issuing an update lacking much weight, everyone at the club is very much up in the dark.

The only thing that seems certain at the moment is that Mike Ashley will leave St James' Park behind.

When that happens, though, remains to be seen.

The Premier League and Saudi Arabia are trying to negotiate a TV deal at the moment but in the last 24-48 hours there have been two pretty big bombshells.

Firstly, it was revealed that Mohammed Bin Salman was stepping up his efforts to buy Marseille, before Mauriss battered away claims that PSG owner and Qatari national Nasser Al-Khelaifi had backed his £350m bid to buy the Magpies.

It really is never quiet on Tyneside.

Nasser

There are so many issues with the takeover at the moment, not least if Bin Salman is actually formally involved in the process, something speculated in the last week.

If he isn't then presumably a host of the problems at risk of slowing the takeover down could be dismissed. However, that doesn't seem clear to the Premier League.

Providing the latest on where the takeover is, Chronicle Live journalist Mark Douglas issued the following line in a behind the scenes look at proceedings:

"One source close to the process said the deal had now become a "huge symbolic battle" for Saudi Arabia and Qatar which they are determined to win. Legal action if it is turned down looks almost certain." 

MBS

GIVEMESPORT'S Matt Dawson says...

Even if the takeover doesn't go through, it won't be the last you hear of PIF and Bin Salman.

Despite the fact the Saudi prince is implicated in a murder, he still trying to enter the British business market, but because of those allegations against him, it would surely be crazy to allow PIF to pass the ongoing owners' and directors' test.

When speaking to Masters this week, one MP argued that it would be humiliating if any deal was passed and in some senses, you have to agree with those claims.

It feels like at the moment that the takeover has truly become a battle of money.

The Premier League want something from the Saudi's if they're to accept them into the top-flight and that you feel, is only right given they stole broadcast rights and put them on illegally for the Saudi public. 

Ashley

Given how big a 'symbolic battle' this is proving to be, it's set to rumble on for an extremely long time.

After all, the Saudi's are keen to branch into the United Kingdom and improve relations post-Brexit and COVID-19. For Bin Salman, the best way to do that would be to run Newcastle in an efficient manner.

Whether he gets the chance to do that, however, remains to be seen.

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