The Toon Tribune: When will the Saudi takeover be announced?
November 21 2022

The Toon Tribune: When will the Saudi takeover be announced?

In the second week of April, news broke that a takeover of Newcastle United had been agreed, with Mike Ashley set to exchange hands with a Saudi Arabian-backed consortium, in a deal worth £300m. 

Soon after, a report from Companies House detailed that a deposit had been paid, while contracts were also said to have been exchanged between the parties, with a conclusion edging closer. At the end of April, the deal was said to be ‘in its final stages’, with the only aspect left being the Premier League’s Owners’ and Directors’ Test; a process that reportedly takes up to four weeks to conduct.

Almost two months in, we are entering the eighth week since the development, while associates of Newcastle United remain in the same position. Despite a copious amount of noise from social media (as well as mass scrutiny from journalists, politicians and broadcasters), the deal is yet to be approved by the Premier League, with no such mention of the deal from either side of the buyer or seller. 

The silence likely due to the high confidentiality of the deal as well as a process of due diligence. 


One possible cause for the delay can be the piracy issues surrounding Saudi Arabian broadcasters. Since the Saudi Public Investment Fund (which is also the Sovereign wealth fund of Saudi Arabia) are the proposed majority shareholders, any issues involving the Gulf country could result into an inquiry into the takeover. 

Media channel beIN Sports have flagged up the issue of piracy to the Premier League, in relation to the channel ‘beoutQ’, describing the situation as a “huge scale pirate service” in Saudi Arabia. Additionally, BeIN pleaded for the takeover to be ‘fully interrogated’, believing that Saudi’s involvement would threaten the value of the Premier League.

Check out other popular Asian and international banking methods for gambling and betting:

See more about  Asian Bookmakers

This particular issue died down somewhat after it was implored, however fresh piracy matters arose within the last couple of weeks. The World Trade Organisation are believed to be in the process of  publishing a report deeming Saudi Arabia responsible for the pirate channel ‘beoutQ’, while maintaining that the Gulf country is breaching international law. 

The report is set to be revealed within the coming weeks, which may be another reason for the delay approving the deal. 

Project Restart

The figure responsible for ratifying the decision – Premier League Chief Executive, Richard Masters – was interviewed recently and was asked about the Newcastle takeover situation. As expected, Masters gave nothing away, asserting that the process was a completely confidential matter. 

Check out our ranking of Overseas Betting Sites for Anonymous and Unlimited Bets.

If you would like to bet anonymously without any tax or regulatory restrictions, check out our bettor rating below

He added that he will deal with issues regarding the background of the potential new owners “when we get to them”, suggesting the screening process may not have begun yet; contrary to reports just a few weeks earlier that everything was completed and only an announcement remained. 

In fairness, it could be that the Premier League were prioritising ‘Project Restart’, amid the cessation of football due to the Coronavirus pandemic, with the takeover process set to be conducted after.

No ‘fakeover’ and sudden announcement

As Newcastle United fans have seen multiple takeover stories over the years to no avail, it is understandable that some of the fanbase have brushed off this takeover bid as another ‘fakeover’. However, with Masters commenting on the matter, as well as explicit documents published on Companies House, this bid can be said to be a concrete offer. 

The noise regarding the change of ownership will most likely quieten down further, with an announcement being made unexpectedly. Almost all of the reliable North East journalists believe the deal will go through, however it will be in its own time, with the Premier League also reinforcing that there is no time scale on the transaction. 

Check out our betting guide to win more:

betting blog for win more
An introduction to our best bets!

Read our betting blog and beat the bookers!

Read this page in other languages:

Latest News
June 02 2023
Review of mBit: mBit is among the best bitcoin casino platforms....
June 02 2023
Review of Bitstarz: BitStarz is one of the major...
June 02 2023
The Coinbet24 bitcoin sportsbook and online casino has been...
June 02 2023
Betchain Review: Although only in the gaming market since...
June 02 2023
Review of has been proven to offer...
June 02 2023
7Bit Casino is an online casino that gives players the ability to...
June 02 2023
A lot of basketball fans are interested to know...
June 02 2023
In the sport of basketball, the bonus situation occurs when one team...
June 02 2023
Of the four major sports, basketball is one of...
June 02 2023
Review of 1xbit: Online bitcoin betting on a bookmaker guarantees a...
June 02 2023
One of the most exciting things about betting on...
June 02 2023
In a typical game of basketball, there are usually five...
June 02 2023
What is -5 in Basketball Betting? Basketball is one...
June 02 2023
Betting on basketball is not a complicated thing. However,...
June 02 2023
Moneyline betting is yet another classic bet type that’s part of...
June 02 2023
Every year, college basketball season offers some of the best betting...
June 02 2023
Basketball spread betting is the most popular way to...
June 02 2023
Before looking at basketball markets it’s important to know...
5 / 5
100% Bonus up to $110 USD
+ 150 Free Spins
Thanks for comment
Thank you!

Your review has been sent for moderation