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Newcastle £300m takeover in doubt due to ‘breach of law’

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Newcastle could see their proposed £300m takeover under serious doubt after the World Trade Organisation ruled against Saudi Arabia in a piracy case.

Over the past few weeks, the Newcastle faithful have been hopeful their proposed £300m takeover goes as planned.

Reliable reports have mentioned that the Tyneside club owner Mike Ashley is close to agreeing a deal with a Saudi-backed consortium.

Far too many times, similar reports have surfaced only to see it all crash in the end.

In what could be yet another blow, Newcastle could yet see this latest takeover deal suffer another bad fate.

 The Guardian says the takeover is in serious doubt after the World Trade Organisation ruled Saudi Arabia is behind a pirate satellite TV and streaming service.

The reports add that the Saudi government is behind beoutQ, which offers illegal streams to sporting events, including Premier League games.

The likes of Fifa, Uefa, the Premier League, La Liga have tried to take action against beoutQ but saw their copyright cases ruled as unsuccessful.

Following the claims, a subsequent case was taken to the WTO, which ruled Saudi Arabia is in breach of international law.

That all but means the intending Newcastle owners could now fail the Premier League owners and directors test.

There are already big plans of a spending spree should the takeover be completed but Newcastle could be yet rocked by the latest ruling.

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