The World Trade Organization has released a report ruling that the Kingdom of Saudi Arabia was behind beoutQ – a pirate satellite TV and streaming service that illegally broadcast sporting events. The 125-page document says there is enough comprehensive evidence that beoutQ was promoted and supported by Saudi, ruling that the Kingdom is also in breach of their obligations under international law. It could have a huge impact on the Public Investment Fund’s £300 million takeover bid of Newcastle United, with some expecting the Premier League to block it from going through.
A verdict on the takeover is expected any moment from now, but no one knows exactly what the final decision will be.