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Mike Ashley receives boost to Saudi-led takeover aspirations

Mike Ashley receives boost to Saudi-led takeover aspirations
© Reuters
Saudi Arabia's Public Investment Fund is part of a consortium which retains an interest in buying the north-east club.

Newcastle owner Mike Ashley has drawn encouragement from the Premier League's decision not to call for Saudi Arabia to be kept on the American government's piracy watchlist this year.

Ashley remains determined that a £300million Saudi-led takeover of the club should be allowed to proceed and is involved in arbitration over the matter with the Premier League.

Sources within the consortium say they remain committed to a takeover if the arbitration goes in the club's favour.

Newcastle fans hope to have a change in ownership
Newcastle fans hope to have a change in ownership (Nick Potts/PA)

Saudi Arabia's Public Investment Fund (PIF) is the dominant 80 per cent partner in the consortium looking to buy Newcastle. The apparent link between the PIF and the Saudi state was widely reported as one of the key barriers to the takeover progressing last summer, in particular because of the country's record on piracy. The PIF's chair is Saudi Crown Prince Mohammed Bin Salman.

The Premier League described the Gulf kingdom as a "centre for piracy" in a submission to the US Trade Representative (USTR) in February 2020 and a World Trade Organisation report later that year said the Saudi government had facilitated the activities of now-defunct pirate network beoutQ.

However, in its latest submission to the USTR in January of this year, which has been seen by the PA news agency, the Premier League did not call for Saudi Arabia to be kept on the watchlist – even though fellow rights holders UEFA and LaLiga did.

The Premier League has declined to comment on the letter, which states the league had chosen in its 2021 submission to focus on copyright over the internet, calling for China to be kept on the priority watchlist and for Iraq and Hong Kong to be added to it.

Premier League games are currently not legally available to watch in Saudi Arabia
Premier League games are currently not legally available to watch in Saudi Arabia (Alex Pantling/PA)

Other sources say the league is no less angry about Saudi piracy and has not dropped its guard in any way, but Ashley's camp has been encouraged by Saudi Arabia being left off the submission.

Though the Premier League states its focus is online piracy in its 2021 submission, the USTR's Special 301 Report published at the end of April says it "continues to remain concerned about high levels of online piracy in Saudi Arabia".

The report, which keeps Saudi Arabia on the US government's priority watchlist, adds that illicit streaming devices "are widely available and generally unregulated in Saudi Arabia".

However, the report did acknowledge some of the steps taken by Saudi Arabia in combatting piracy and intellectual property theft.

There remains no legitimate way to watch Premier League football in Saudi Arabia, with regional rights holder, Qatar-based beIN SPORTS, still barred from broadcasting in the country despite the ending of a blockade between the two nations in January.

The Premier League agreed a new deal with beIN in December last year covering the Middle East and North Africa region from 2022 to 2025. The deal is understood to be worth around £350million over three seasons, with the broadcaster praising the league's dedication in the fight against piracy as it renewed.

PA reported last summer that Saudi businessmen made a rival offer to the Premier League to screen matches there, on the basis that beIN was not recognised in Saudi Arabia. The offer was understood to have been rejected out of hand by the Premier League.

The consortium, fronted by Amanda Staveley's PCP Capital Partners and also including the Reuben Brothers, withdrew from the takeover in July last year, blaming among other things the "prolonged process" after they had waited 17 weeks for approval.

Amanda Staveley is part of the consortium looking to buy Newcastle
Amanda Staveley is part of the consortium looking to buy Newcastle (Victoria Jones/PA)

Premier League chief executive Richard Masters wrote to Newcastle Central MP Chi Onwurah the following month to say that his organisation had made "a clear determination" in June 2020 of the entities involved in the takeover and had sought additional information.

Masters said the consortium disagreed that one of the entities the Premier League had identified would fall within the criteria, and that the league then offered to have the matter determined by an independent arbitral tribunal.

The matter is now the subject of arbitration proceedings, with Ashley instructing lawyers last September. Documents related to a separate Competition Appeal Tribunal (CAT) claim by St James Holdings Ltd against the Premier League stated that the arbitration was due to start in July.

The Premier League has until Friday to respond to the CAT claim.

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CountryGold medalSilver MedalBronze MedalT
United StatesUnited States22251764
Olympics flagRussian Olympic Committee12211750
Great BritainGreat Britain11121235
Today's Olympic highlights header

Tuesday's key events

· Team GB duo Jack Laugher - silver medallist in Rio - and James Heatly take part in the men's 3m springboard semi-final (2am), and will hope to qualify for the final later in the day (7am)

· Two Britons are involved in the women's long jump final, but Abigail Irozuru and Jazmin Sawyers have their work cut out to get a spot on the podium (2.50am)
· Norwegian Karsten Warholm, who broke the world record just last month, goes for gold in the men's 400m hurdles final. USA's Rai Benjamin is expected to be his main challenger (4.20am)
· Great Britain have three representatives in the final of the women's 800m, with Jemma Reekie having perhaps the best chance of a medal (1.25pm)
· A mouth-watering women's 200m final sees Elaine Thompson-Herah go for the prestigious sprint double after claiming the 100m crown. Compatriot Shelly-Ann Fraser-Pryce, Namibia's Christine Mboma and USA's Gabrielle Thomas are expected to be her main competitors (1.50pm)

· The rescheduled women's skiff 49er FX (4.33am) and men's skiff 49er (5.33am) come to their conclusion, with Team GB involved in both medal races
· Defending champion Giles Scott bids for a second successive gold in the Finn class medal race (6.33am)
· There is another medal chance for Team GB in the mixed Nacra 17 medal race (7.33am)

· Team GB's Joe Fraser takes part in the parallel bars final, kicking off the final day of artistic gymnastics (9am)
· USA superstar Simone Biles, who has been forced to pull out of all of her finals so far, is on the starting list for the beam final as she bids for a fifth Olympic gold (9.50am)

· The men's semi-finals take place, with Mexico taking on Brazil first up (9am)
· The winner of that first semi-final will face either hosts Japan or Spain (2pm)

· Laura Kenny will look to win a third straight Olympic team pursuit gold medal. Team GB take on United States in their heat (7.44am), with the gold medal race later that day (9.26am)
· Laura's husband and fellow Olympic legend Jason Kenny will also look to continue his huge success in the men's team sprint - an event he has won gold in at every Games since 2008. Team GB will first need to get through the men's qualifying (7.58am), with the gold medal race ending the session (9.44am)

· Pat McCormack will be looking to achieve his dream of Olympic gold when he faces Cuba's Roniel Iglesias (11.05am)

> Today's schedule in full
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