Premier League clubs demand emergency meeting over Newcastle buyout



Soccer Football – Newcastle United Takeover – St James’ Park, Newcastle, Great Britain – October 7, 2021 Fans react outside the stadium after Newcastle United announced the takeover Action Images via Reuters / Lee Smith

October 9 (Reuters) – Premier League clubs have contacted the league to complain about the takeover of Newcastle United by a Saudi-led consortium and are pushing for an emergency meeting next week, the Guardian newspaper reported .

The Premier League announced on Thursday that Newcastle had been sold to a group consisting of the Saudi Arabia Public Investment Fund, PCP Capital Partners and RB Sports & Media. Read more

The investment group previously made public an offer of 305 million pounds ($ 415 million) to buy the club in April 2020. That deal collapsed three months later under the league’s scrutiny, which has been pressured to stop the sale over concerns about the alleged airing. piracy in Saudi Arabia.

The piracy dispute involved Qatari company beIN Sports, the holder of the league’s broadcast rights across the Middle East, which had not been licensed to operate in Saudi Arabia. That ban was lifted on Wednesday, removing a major obstacle to the takeover.

The Guardian said the 19 Premier League clubs would be united against a Saudi-led consortium allowed to buy out former owner Mike Ashley.

The clubs have also raised concerns that the league’s brand “could be damaged” by Saudi Arabia’s PIF – chaired by Crown Prince Mohammed Bin Salman – taking an 80% stake in Newcastle, a added the report.

Amnesty International on Thursday urged the Premier League to modify the test of its owners and directors to address human rights issues. Read more

Human rights groups condemn Saudi Arabia’s efforts to ‘sport wash’ its human rights record, but kingdom government denies rights violations allegations human rights and asserts that it protects national security from extremists and external actors.

($ 1 = 0.7347 pounds)

Report by Manasi Pathak in Bangalore; Editing by Lincoln Feast.

Our Standards: The Thomson Reuters Trust Principles.



About Author

Comments are closed.