Newcastle Will Have A New Owner

By | October 7, 2021

LONDON: The £ 300 million acquisition of Newcastle by a Saudi owner was given the green light after the Gulf nation settled a dispute with Qatar.

The deal can be completed tomorrow with the approval of the Premier League.

In an effort to end a four -year dispute, the Saudi Arabian government ended its suspension on Qatari broadcaster beIN Sports.

Toon owner Mike Ashley is scheduled to face the Premier League in legislation next January to force the sale.

Yet it could be dropped at this point allowing the Saudi Arabian Public Investment Fund (PIF), the Reuben Brothers and Amanda Staveley to complete the acquisition they wanted to make two years ago.

SunSport understands that the Premier League is now satisfied that there is no control over the club by the Saudi Arabian government through PIF.

The development has left Steve Bruce now under threat as the Magpies boss is expected to be sidelined after the arrival of a new owner in Tyneside.

Saudi Arabia and Qatar have previously clashed over broadcasting rights and piracy of beIN content across Central Asia.