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Re: Season 2019/2020 Football
Newcastle takeover in serious doubt as WTO rules pirate TV channel is Saudi.
https://www.theguardian.com/football...annel-is-saudi
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The controversial £300m Saudi Arabia-funded takeover of Newcastle United appears to be in serious doubt after the World Trade Organization ruled that the country is behind a pirate satellite TV and streaming service that offers illegal access to sporting events, the Guardian can reveal.
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The development will raise fundamental questions about whether Newcastle’s mooted takeover – which would lead to Saudi Arabia’s Public Investment Fund taking an 80% stake in the club, with PCP Capital Partners and the property developers David and Simon Reuben taking 10% each – will pass the Premier League’s owners’ and directors’ test. That test can be failed if a crime is committed overseas that would also be one in the UK. It is also made clear to prospective owners that false, misleading or inaccurate information cannot be submitted to the Premier League.
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“The only lesson you can learn from history is that it repeats itself”
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