The UK First Secretary of State and Secretary of State for Foreign and Commonwealth Affairs Dominic Raab has commented on the prospective takeover of Newcastle United by Saudi Arabia’s Public Investment Fund.
The Premier League is yet to approve a £300 million bid by Amanda Staveley-led consortium to buy the St. James’ Park outfit, with Tuesday’s World Trade Organization’s report on Saudis linked with piracy expected to have a huge say on their verdict.
The WTO ruled that the Kingdom of Saudi Arabia was behind pirate satellite TV beoutQ.
The illegal broadcasting of Premier League games by beoutQ cost beIN Sports millions, and it will be interesting to see what happens in the coming days and weeks.