Newcastle United’s £ 300m takeover plan has hit “major political hurdles” that could further impede the sale of the club by Mike Ashley.
A consortium, backed by the Saudi Arabian Public Investment Fund (PIF), has seen an offer accepted, with the Premier League currently testing owners and administrators on the deal.
There have been calls, led by the televisual rights holder beIN Sport, in Qatar, for the move to be blocked due to Saudi piracy of the Premier League via the beoutQ channel.
The proposed takeover of Newcastle United would have hit “significant political obstacles”
And now, according to the Times, Parliament is preparing to intervene, with the committee on digital, culture, media and sport which must organize a session of testimonies.
Report reveals e-mail sent to select committee by Conservative MP Giles Watling urging session to be: “Even more relevant now in the context of the probable takeover of Newcastle United by a consortium by the Saudi Public Investment Fund. “
He added: “This investment fund is supported by the same entity that supports beoutQ – Saudi Arabia – and is particularly pressing as the government recently declined to comment on the buyout from the committee. “
Culture Secretary Oliver Dowden previously insisted that government not intervene
We understand that Mike Ashley is more and more frustrated by the time that the agreement takes
The report also added that the chairman of the British parliamentary football club, Conservative MP Karl McCartney, will ask the government to “block” the ongoing takeover, while the Liberal Democrats will also demand that the same action be taken.
The statements come after SNP MP John Nicolson accused Culture Secretary Oliver Dowden and the government of not “watching the ball” on their position for failing to intervene in the case.
The evidence session was called just days after new legal documents were released to the Premier League showing the alleged connection between the Saudi government and pirate broadcasters.
The latest interventions are another blow to Amanda Staveley and her group PCP Capital Partners, who are negotiating the takeover.
Sportsmail has already revealed that the current owner, Ashley, is already irritated by the time it takes to cross the line.
There’s always the suggestion of other groups waiting in the background.
President Donald Trump with Saudi Crown Prince Mohammed bin Salman, who would become the ultimate owner of Newcastle if his state fund took control of the club