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Saudi takeover of Newcastle is complicated says Premier League chief
Reuters 600px 600px
  • 30 Jun 20
  • Soccer
  • 4
FILE PHOTO: Soccer Football - Premier League - Newcastle United v Aston Villa - St James' Park, Newcastle, Britain - June 24, 2020  General view of the Newcastle United emblem inside the stadium before the match as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19) Lindsey Parnaby/Pool via REUTERS 691px 444px FILE PHOTO: Soccer Football - Premier League - Newcastle United v Aston Villa - St James' Park, Newcastle, Britain - June 24, 2020 General view of the Newcastle United emblem inside the stadium before the match as play resumes behind closed doors following the outbreak of the coronavirus disease (COVID-19) Lindsey Parnaby/Pool via REUTERS

By Simon Evans

(Reuters) - Premier League chief executive Richard Masters suggested the proposed Saudi takeover of Newcastle United had become complicated but hoped to have a conclusion to the process shortly.

The Premier League's board has been carrying out an examination of the proposed takeover as part of its 'owners and directors test' which evaluates the suitability of ownership groups.

A group fronted by British financier Amanda Staveley, with an expected 80% investment from the Saudi sovereign wealth fund PIF and 10% involvement from billionaire brothers David and Simon Reuben, made a reported 300 million pound ($375 million) bid to buy the club from British businessman Mike Ashley in April.

Speaking to a hearing of the British parliament's Digital, Culture, Media and Sport Committee, Masters was asked about the uncertainty that Newcastle fans have been facing over their club's future.

"I do appreciate that uncertainty, I cannot comment in terms of timing or the specifics on any particular takeover but in a perfect world, takeovers would happen cleanly, clearly and in a timely fashion. Sometimes, things get complicated," he said.

Masters said that he was bound by confidentiality clauses in all takeover processes and so was not able to discuss details of the case.

"When they drag on, sometimes there's a requirement for information. It's a relatively rare occurrence," he said.

"I think it's very difficult to keep a constant dialogue with fans about what's an entirely confidential process.

"We can't provide a running commentary on things and, as I said, I just can't talk about the specifics of this particular process."

Masters said he hoped the process would conclude "shortly".

One of the issues that has been raised by critics of the takeover is Saudi Arabia's response to cases of unauthorised broadcasting of Premier League games in the country.

Earlier this month, a World Trade Organization (WTO) panel told Saudi Arabia it had breached global rules on intellectual property rights by failing to prosecute a pirate broadcaster of sports and movies in a dispute with Gulf neighbour Qatar regarding the BeoutQ channel, which broadcast Premier League games.

"BeoutQ is now off the air, and what we want, off the back of the WTO report, is for Saudi Arabia to respond positively the situation and to allow sports rights-holders to take their rights," said Masters.

(Reporting by Simon Evans; Editing by Christian Radnedge)

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  • Group
  • e
Pts P W D L GF GA +/- Pts
1 Liverpool LIV 86 32 28 2 2 70 25 +45 86
2 Manchester City MAC 66 32 21 3 8 81 33 +48 66
3 Leicester City LEI 58 33 17 7 9 63 31 +32 58
4 Chelsea CHE 57 33 17 6 10 60 44 +16 57
5 Manchester United MUN 55 33 15 10 8 56 33 +23 55
6 Wolverhampton Wanderers WOL 52 33 13 13 7 45 36 +9 52
7 Arsenal ARS 49 33 12 13 8 49 41 +8 49
8 Sheffield United SHE 47 32 12 11 9 33 32 +1 47
9 Tottenham Hotspur TOT 45 32 12 9 11 51 44 +7 45
10 Burnley BUR 45 32 13 6 13 36 45 -9 45
11 Everton EVE 44 32 12 8 12 40 47 -7 44
12 Newcastle United NEW 42 32 11 9 12 33 43 -10 42
13 Crystal Palace CRY 42 33 11 9 13 28 40 -12 42
14 Southampton SOU 40 32 12 4 16 41 55 -14 40
15 Brighton & Hove Albion BRI 36 33 8 12 13 35 44 -9 36
16 West Ham United WES 30 32 8 6 18 38 56 -18 30
17 Watford WAT 28 33 6 10 17 29 52 -23 28
18 Aston Villa AST 27 32 7 6 19 36 60 -24 27
19 AFC Bournemouth BOU 27 33 7 6 20 32 59 -27 27
20 Norwich City NOR 21 33 5 6 22 25 61 -36 21
*e1 & e2 advances to R16, e3 possible R16
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2019/2020 La Liga
2019/2020 UEFA Champions League
2019/2020 UEFA Europa League
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