The prospective takeover of Newcastle United by the Saudi-led consortium is concerning their Premier League rivals, with issues raised about piracy in Saudi Arabia as well as general concerns with the deal itself, according to The Times.
As per the report, the Tyneside club’s proposed takeover saga is expected to rumble into a sixth week as the Premier League continues to work through the 350-page submission from a Saudi Arabian-backed consortium, with rival clubs in England’s highest division now expressing concerns over the deal and piracy issues.
The league is still conducting a lengthy legal process, looking into the attempted purchase of the club by Yorkshire businesswoman Amanda Staveley and the Saudi Arabian Public Investment Fund (PIF). It is understood, though, that there is mounting concern from other teams over the potential £300m deal that was agreed on April 14 between Staveley and Mike Ashley, the current owner at St. James’ Park.
Indeed, if the bid is approved by the Premier League, then this may perhaps give the Magpies an unfair advantage over their direct rivals in terms of the potentially huge amount of money at their disposal, which can be spent both on new and better facilities in addition to quality new players in the transfer market.
Nevertheless, this has happened before to other sides in England’s highest division, and so the Toon’s rivals may just have to get on with it as the Magpies look to improve upon their recent league finishes.
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