There has been some good news in the last several days regarding the Newcastle takeover that has been organized and put together by 48-year-old Ripon-born financier Ms. Amanda Staveley.
And the takeover seems to be very close to finally be given the OK by the Premier League, as the Saudis have apparently agreed to correct some things asked of them, as part of the owners’ and directors’ test.
That’s so the £300M deal can finally be approved.
Amanda is in London at the moment giving evidence against Barclay’s Bank, who she (as the owner of PCP Capital Partners) is suing for around £1.5B.
Those are the fees she says were legally due to her company when she was involved in getting the bank loans back in the tough times of 2008.
A smiling Amanda Staveley arriving at court for the Barclay’s Bank hearings
First of all, we had the Saudi’s saying they would crack down on the stealing of Intellectual Property in their country:
— ?????? ???????? ??????? ??????? (@SAIPKSA) June 21, 2020
Here is a translation of the tweet:
“Within the framework of the Kingdom’s efforts to reduce violations of rights. We aim to block 231 websites that violate intellectual property regimes, with a view to shutting them down.”
The Saudis have also sent a letter to major sports bodies of the world to assure them they will now take responsibility for ending (the out of control) piracy in their country.
They seem to be attempting to convince the major sports bodies they are serious about this, and that they will now abide by the Intellectual Property laws and take full responsibility for ending piracy in their country.
The big one that’s been a problem for the takeover is the piracy of beIN Premier League games.
Of course, this was initially because Qatar did allow the legal broadcasting of their PL games in Saudi Arabia, one of the consequences of bad blood between the kingdoms.
And a day or two ago, there was news that Saudia Arabia’s Public Investment Fund had invested in BT, as they take advantage of their very low stock price at the moment.
BT Sports covers the Premier League games, so that’s an indirect boost for the Premier League.
If the Newcastle takeover is responsible for ending the piracy of beIN games and Qatar allows those signals to be received legally in Saudi Arabia that’s a huge step forward.
It will have helped to solve some long-standing problems between Saudi Arabia and Qatar.
That’s got to be positive and of course, this is all in line with getting the ducks lined up, so the announcement of a successful Newcastle takeover can be made.
If we beat Aston Villa at home tomorrow, and the takeover is announced this week, it will have been a monumentl week for the Newcastle United Football Club.
Where are those blood pressure pills?