Newcastle United potential new owners may have received a major boost in their takeover plans.
According to widespread reports, the PCP Capital Partners are closing in on their £300m purchase of Newcastle United and they’ve already submitted a part payment to Mike Ashley, which is non-refundable.
All the major paperwork have been submitted and it is being currently reviewed by the Premier League. The remaining payment will be made once the Premier League gives the green signal for the takeover to go through.
Amanda Staveley and the Reuben family will each own 10 per cent of the business, with PIF holding the remaining 80 per cent. Al-Rumayyan would become the chairman, but Staveley would have responsibility for running the club.
Meanwhile Qatari sports broadcaster beIN has demanded the English Premier League to block the Saudi Arabia-backed takeover of Newcastle because of their alleged involvement in television piracy, as the political tensions in the Gulf spill into football.
Plus, Amnesty International has written to the Premier League urging it to consider Saudi Arabia’s human rights records before allowing them to buy the Magpies.
However, UK cultural secretary Oliver Dowden has said today that the Government will not intervene in the Saudi takeover of Newcastle United.
Dowden also says the Government will not intervene in the Saudi takeover of Newcastle United.
— Ben Rumsby (@ben_rumsby) April 22, 2020
The news will come as a massive boost for the Newcastle fans, as many feel that if the country’s own government finds nothing suspicious to intervene on, why would the Premier League prevent them if the paperwork is right?
Here are some of the selected tweets:
I said they wouldn’t mainly because Saudi Arabia are our allies
— Liam (@LiamK1998_) April 22, 2020
The relationship between Saudi Arabia and Britain is very old and one of the oldest diplomatic and commercial relations🇸🇦🇬🇧
— SALMAN (@l_005) April 22, 2020
Massive news that.
— Pete Mills (@TheOnePeteMills) April 22, 2020
https://twitter.com/BarryBlakely/status/1252983281718624256?s=20
It's almost as if the two countries have been allies for a long time now and people's ire & vitriol directed at the club and it's fans is misplaced.
This gives the PL all the justification they need to press on with approving this now.
Put me out of my misery please.
— Josh (@NotSoLocalHero) April 22, 2020
They were never going to be a problem.
— 6944Colin #FBPE #FBPPR lefty woke ultra rejoiner (@6944colin) April 22, 2020
https://twitter.com/agbnufc/status/1252986443972182019?s=20
https://twitter.com/BeatsStriped/status/1252985079502118912?s=20
They know the #NewcastleTakeover would bring with it investment in the area. Which will be gold for the North East, New businesses, new jobs like manufacturing & more tourism. Which in turn would be welcoming by the Government. This should be the last piece of the puzzle. ⚫️⚪️🙏🏻
— Jimmy (@Jimmywoods99) April 22, 2020
Huge that. Never thought they would with the ties they have with Saudi. But still good to here. And apparently the PL can’t change there rules mid takeover. So fingers crossed it gets done ASAP. these stories are coming from all angles at us!
— Mike Pitt (@mikepitt84) April 22, 2020
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