Saudi Arabia succeeds in completing a major deal after 18 months, security negotiations


Saudi Arabia succeeded in completing the purchase of English club Newcastle after nearly 18 months of negotiations.

The Athletic said the 18-month takeover saga that saw the club embroiled in legal disputes with the Premier League is closer than ever to a solution.

A £300m deal is expected to be approved by the Premier League later on Thursday, according to the newspaper.

A source inside Newcastle said: “The end of the beoutQ piracy process, and the lifting of the ban on beIN Sports in Saudi Arabia, will pave the way for the acquisition of Newcastle.”

The Newcastle administration refused to issue any official statements to comment on these reports, while no statement was issued by the Saudi Sovereign Wealth Fund on those reports as well.

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