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Premier League clubs demand emergency meeting over Newcastle takeover

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Oct 9 (Reuters) – Premier League clubs have reached out to the league with complaints about Newcastle United’s takeover by a Saudi Arabia-led consortium and are pushing for an emergency meeting subsequent week, the Guardian newspaper reported.

The Premier League introduced on Thursday that Newcastle had been offered to a gaggle consisting of Saudi Arabia’s Public Investment Fund, PCP Capital Partners and RB Sports & Media. learn extra

The funding group had beforehand made public a 305 million pound ($415 million) bid to purchase the membership in April 2020. That deal collapsed three months later amid scrutiny from the league, which got here below strain to cease the sale on account of considerations over alleged broadcast piracy in Saudi Arabia.

The piracy dispute concerned Qatari-owned beIN Sports, the league’s broadcast rights holder throughout the Middle East, which had been barred from working in Saudi Arabia. That ban was lifted on Wednesday, clearing a significant hurdle to the takeover.

The Guardian mentioned the 19 Premier League clubs are understood to be united in opposition to a Saudi-led consortium being allowed to purchase out former proprietor Mike Ashley.

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

On Thursday, Amnesty International urged the Premier League to alter its homeowners’ and administrators’ take a look at to deal with human rights points. learn extra

Human rights teams have condemned Saudi Arabia’s efforts to “sportswash” its human rights file however the kingdom’s authorities denies allegations of human rights abuses and says it’s defending nationwide safety from extremists and exterior actors.

($1 = 0.7347 kilos)

Reporting by Manasi Pathak in Bengaluru; Editing by Lincoln Feast.

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