American Media Mogul Tables £350m Newcastle Takeover Bid

Premier League Side Newcastle United have received a new £350m takeover bid from  Henry Mauriss, the Owner of US based Clear TV.

Reports indicate Mauriss would prefer the takeover to happen before the start of the 2020/21 season.

 The  56 year old is the CEO of Los Angeles based  Clear TV Ltd, operators of a portfolio of TV companies delivering  content to targetted audiences inside airports, healthcare facilities and on social media.

In April, PCP Capital Partners, Amanda Staveley’s Saudi-backed consortium which includes Saudi’s Crown Prince, Mohammed bin Salman, agreed a £300m deal  to buy the club and end Mike Ashley’s 13-year tenure as the club’s owner.

The Saudis’ proposed takeover is currently awaiting the outcome of the Premier League’s owners and directors’ Test.

That bid has been met with fierce criticism from Amnesty International over the human rights situation in Saudi Arabia, as well as opposition from broadcaster beIN Sport, who claims Saudi Arabia is involved in the illegal streaming of Premier League matches.

On Tuesday, the World trade organisation released a detailed report on the involvement of Saudi’s role in facilitating the transmission of private broadcasts.

The WTO report found that “prominent Saudi nationals” promoted illegal broadcasts by the pirate network beoutQ, contradicting the Saudis’ previous claims that the network, which used footage from Qatari broadcaster beIN, was acting independently of their influence.

The findings, which were immediately welcomed by UEFA, raise serious concerns over the suitability of members of Saudi Arabia’s public investment fund (PIF) to pass the Premier League’s owners and directors’ test in order to complete their 80 per cent investment in the Magpies.

Culture secretary Oliver Dowden has previously indicated it is ultimately up to the Premier League to determine the suitability of the new owners, at least two Conservative MPs have called on the government to investigate the deal and consider.

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