Newcastle upon Tyne –
Acquisition process Newcastle United by a consortium of Saudi Arabia still not finished. Apparently, a new problem arose.
About four months have passed since the takeover process began. Amanda Staveley’s PCP Capital Partners, through Saudi Arabia’s Public Investment Fund (PIF) support, submitted an offer of 300 million pounds to its former owner, Mike Ashley.
So far, the acquisition process has been hampered in the owner’s due diligence session Premier League. Allegations of violations of broadcasting rights and human rights violations (HAM) to the Saudi Arabian government are the main reasons.
Later, there was another new problem. BBC reported on Tuesday (07/28/2020), the process takeover This has been delayed because there is no clarity on who will be the decision maker in the club, if the acquisition process is approved.
The purchase proposal process is carried out by PCP Capital Partners, but PIF will take 80 percent of the shares, bearing in mind that they will become financial backers. Premier League needs to know from the start, who exactly is the new boss Newcastle United later.
The Premier League is also still looking for a clear connection between the government of Saudi Arabia and the PIF, which is led by Prince Mohammed bin Salman. Because, reportedly the crown prince of Saudi Arabia was not directly involved in the daily operations of the organization.
If you are not directly involved, then allegations related to broadcasting rights violations and human rights violations committed by the Saudi Arabian government can be dropped from the list of problems that hamper the acquisition process.
As is known, Premier League broadcasts in the Middle East are monopolized by beIN Sports belonging to Qatar. But the World Trade Organization (WTO) report said broadcasts of sporting events in Saudi Arabia had been illegally seized by BeoutQ and assisted by the government.
Then the case of the imprisonment of a number of human rights activists by the government of Saudi Arabia and the case of the murder of journalist Jamal Khashoggi at the Saudi embassy in Turkey in 2018 also made the process of buying and selling Newcastle more complicated.
If the consortium of Saudi Arabia canceled the purchase, Newcastle might have no trouble finding a replacement. Because, billionaires from the United States, Henry Mauriss, reportedly ready to bend at a more expensive price, which is 350 million pounds.
Manager Newcastle United, Steve Bruce, urged that this process be completed immediately. Moreover, the new Premier League season will begin on September 12, in less than 2 months.
“The club needs clarity, we all need it too, so let’s hope in the next few days or weeks we can get it,” Bruce said after the match against Liverpool on Sunday (26/7).
“Even if it is canceled, we also need to know that everything can return to normal,” he explained.
Watch Video “Crazy! Newcastle Comeback Twinkling at Injury Time “
[Gambas:Video 20detik]
(adp/krs)
–
