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Factbox-Soccer-Q&A on Newcastle United takeover saga

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(Reuters) - Premier League side Newcastle United are close to being taken over by a Saudi Arabian-backed consortium, according to reports in the British media, after a failed attempt in the past. The following is a Q&A on the issues surrounding it.

The investment group which included Saudi Arabia's sovereign wealth fund PIF, PCP Capital Partners and Reuben Brothers, made public a 305 million pounds bid to buy United from British businessman Mike Ashley on April 9, 2020.

The decision followed a lengthy scrutiny process from the league which faced pressure to block the deal due to concerns over alleged broadcast piracy in the Gulf state. beIN holds rights to broadcast the Premier League across the Middle East but Saudi Arabia's General Authority for Competition suspended its channels in 2017 and"permanently cancelled" the broadcaster's licence last year amid a dispute between Riyadh and Doha, which was resolved in January.

Reports added that the Premier League could grant approval for the takeover after the consortium proved the Saudi state would not have control of the club.Newcastle boss Steve Bruce is a boyhood fan of the club but has largely been an unpopular figure among supporters ever since he replaced Spaniard Rafa Benitez in 2019.

 

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