The long-awaited Saudi take over of Premier League outfit Newcastle United is reportedly in serious doubt due to a breach of international law.
It can be recalled that the Saudi Arabia Public Investment Fund (PIF) under the leadership of crown prince Mohammed bin Salman is hoping to complete a takeover of the Magpies in a deal worth £300million.
However, this may not come to fruition as the PIF may not pass the Premier League’s owners’ and directors due to recent allegations against them that have come to light.
A report by The Guardian has claimed that the World Trade Organization has exposed the country’s involvement in piracy as they are behind pirate satellite TV channel beoutQ which carries out the illegal streaming of sporting events.
The report which contained 130 pages will not be made public until mid-June although the Premier League have already received it. This is coupled with the submissions made by top-flight bosses against Saudi Arabia as part of the legal process.
Mohammed bin Salman is at the forefront of the proposed Newcastle takeover and it has been established that the Premier League’s owners’ and directors’ test will not be passed if a crime is committed overseas as well as for the disclosure of misleading information.
It can be recalled that the Premier League, La Liga, FIFA, and UEFA have tried taking action against beoutQ in the past. However, no legal firm was willing to get involved.
The complaint was then directed to the WTO who have investigated and now found Saudi Arabia guilty of breaching international law. It is believed that this recent development could put the Saudi takeover of Newcastle from Mike Ashley in jeopardy.
The current Newcastle owner is reportedly desperate to sell the club. We wait to see how events pan out in the coming weeks with regards to the sale of the Magpies.