Newcastle United fans begin another week hoping to hear the most anticipated breaking news as far as the club takeover is concerned. Saudi Arabia’s Public Investment Fund want to seal a £300 million deal that will see 80% of the St. James’ Park outfit belong to them, and passing the Premier League’s Owners’ and Directors’ Test is the only obstacle standing in their way. The vetting-and-ratification process usually takes around three weeks, but is now entering its third month. It’s widely believed that the Newcastle takeover will eventually go through, but a longstanding piracy issue between Qatar’s beIN Sports and Saudi’s beoutQ is threatening the bid and delaying the process.
Report shares why the Premier League is delaying the Newcastle United takeover
