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ManOfTheHour

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Newcastle United transfer news: Benitez eyes six signings

Newcastle United's proposed takeover by a Saudi Arabian-backed consortium has been delayed because of a lack of clarity over who would be in charge at the club, BBC Sport has learned.

 

Sixteen weeks after documents relating to a £300m takeover were registered with the Premier League, the deal is still being scrutinised under its owners' and directors' test.

 

But it is understood compliance requires greater certainty as to who would have ultimate responsibility at St James' Park.

 

The bid has been led by British financier Amanda Staveley, but Saudi Arabia's sovereign wealth Public Investment Fund (PIF) is set to take an 80% stake.

 

PIF's chairman is Crown Prince Mohammed bin Salman, and it appears the Premier League's lawyers are struggling to establish the precise links between the consortium and the Saudi government.

 

This is crucial given the television rights piracy issues that have dogged the saga, with Saudi Arabia denying claims it facilitated the illegal streaming of sports events in the Middle East.

 

The Premier League, PIF and Magpies owner Mike Ashley have all declined to comment, but with only seven weeks until the new season starts, patience is starting to wear thin on all sides.

 

On Saturday, manager Steve Bruce spoke for Newcastle fans when he said: "We need a decision and we need one quickly."

What's the latest situation?

The potential takeover has been complicated by television piracy issues and alleged human right abuses.

 

Families of prisoners held in Saudi Arabia have told BBC Sport that they will "not stay silent" even if the deal goes through.

 

There is also keen interest in Newcastle from American businessman Henry Mauriss, who is willing to offer £350m for the club, who finished 13th in the Premier League standings.

 

BBC Sport has been told by a source that an exclusivity clause held between Ashley and the Saudi-backed consortium has come to an end.

That could offer an opportunity for Mauriss' camp to capitalise should the bid fall through.

 

So, in the meantime, it is all eyes back on Premier League chief executive Richard Masters and its board. It will make the call on whether the prospective owners have broken any laws and meet the required standards to protect the league's reputation and image.

 

Sources have said that although Bin Salman is the chair of PIF, he is not involved with its day-to-day running, so questions about Saudi Arabia's human rights record are not relevant to the bid.

What are the outstanding issues?

More than 97% of Newcastle United Supporters' Trust members are in favour of the takeover, and many fans have dismissed the manner in which the media has raised issues which could derail the Saudi bid.

 

Given their significance and complexity, however, those issues have been hard to ignore.

 

TV piracy in Saudi Arabia is a huge problem for the Premier League to contend with, especially as it has previously complained about it.

 

The World Trade Organization said there had been an infringement of intellectual property rights via the illegal beoutQ service, but in an apparent response to that ruling, Saudi Arabia then barred beIN Sports from operating.

 

Its service is the only legal way of watching Premier League football in the country. Saudi Arabia has always denied aiding the beoutQ operation and has insisted there is no link between its government and the alleged piracy.

 

There have also been appeals to the Premier League and fans about how Saudi Arabia disregards human rights, which Masters said would be "fully considered".

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39 minutes ago, Homelander said:

Newcastle United transfer news: Benitez eyes six signings

Newcastle United's proposed takeover by a Saudi Arabian-backed consortium has been delayed because of a lack of clarity over who would be in charge at the club, BBC Sport has learned.

 

Sixteen weeks after documents relating to a £300m takeover were registered with the Premier League, the deal is still being scrutinised under its owners' and directors' test.

 

But it is understood compliance requires greater certainty as to who would have ultimate responsibility at St James' Park.

 

The bid has been led by British financier Amanda Staveley, but Saudi Arabia's sovereign wealth Public Investment Fund (PIF) is set to take an 80% stake.

 

PIF's chairman is Crown Prince Mohammed bin Salman, and it appears the Premier League's lawyers are struggling to establish the precise links between the consortium and the Saudi government.

 

This is crucial given the television rights piracy issues that have dogged the saga, with Saudi Arabia denying claims it facilitated the illegal streaming of sports events in the Middle East.

 

The Premier League, PIF and Magpies owner Mike Ashley have all declined to comment, but with only seven weeks until the new season starts, patience is starting to wear thin on all sides.

 

On Saturday, manager Steve Bruce spoke for Newcastle fans when he said: "We need a decision and we need one quickly."

What's the latest situation?

The potential takeover has been complicated by television piracy issues and alleged human right abuses.

 

Families of prisoners held in Saudi Arabia have told BBC Sport that they will "not stay silent" even if the deal goes through.

 

There is also keen interest in Newcastle from American businessman Henry Mauriss, who is willing to offer £350m for the club, who finished 13th in the Premier League standings.

 

BBC Sport has been told by a source that an exclusivity clause held between Ashley and the Saudi-backed consortium has come to an end.

That could offer an opportunity for Mauriss' camp to capitalise should the bid fall through.

 

So, in the meantime, it is all eyes back on Premier League chief executive Richard Masters and its board. It will make the call on whether the prospective owners have broken any laws and meet the required standards to protect the league's reputation and image.

 

Sources have said that although Bin Salman is the chair of PIF, he is not involved with its day-to-day running, so questions about Saudi Arabia's human rights record are not relevant to the bid.

What are the outstanding issues?

More than 97% of Newcastle United Supporters' Trust members are in favour of the takeover, and many fans have dismissed the manner in which the media has raised issues which could derail the Saudi bid.

 

Given their significance and complexity, however, those issues have been hard to ignore.

 

TV piracy in Saudi Arabia is a huge problem for the Premier League to contend with, especially as it has previously complained about it.

 

The World Trade Organization said there had been an infringement of intellectual property rights via the illegal beoutQ service, but in an apparent response to that ruling, Saudi Arabia then barred beIN Sports from operating.

 

Its service is the only legal way of watching Premier League football in the country. Saudi Arabia has always denied aiding the beoutQ operation and has insisted there is no link between its government and the alleged piracy.

 

There have also been appeals to the Premier League and fans about how Saudi Arabia disregards human rights, which Masters said would be "fully considered".

Delay tactics... 

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5 minutes ago, ManOfTheHour said:

FA Cup final in awhile. 
 

i think Chelsea will win 2-0

chelski hab the edge... they hab ucl quality squad... only they can screw themselves

arsenal can only depend on heroic and fa cup magic...

if me ish arteta will park bus and wait for penalties...

Edited by XianGe
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2 minutes ago, Homelander said:

 

tammy useless one...i think he over rated....

 

tink he scored last time they played.. so still possible danger...

most impt is arsenal nid score... pepe too kanchiong... his touches not right... laca oso not shown anything yet..

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