Saudi Arabian Crown Prince Mohammed bin Salman's proposal to buy Newcastle is at a standstill. The main reason for this is the position of the team operator. It is not yet clear who or which unit will control the "Magpies" if they fall into the hands of the Arabian authorities?
In April, Mohammed bin Salman's proposal was sent to the Premier League executive board about Newcastle's case. In fact, the former owner Mike Ashley has wanted to sell the Magpies for a long time, but the strict procedures have left everything in a deadlock.
The contract's bidding price is currently managed by British economist Amanda Staveley. 80% of the money in this deal is owned by the Saudi Arabian-based Public Investment Fund (PIF). PIF's president, Mohammed bin Salman, authorized Staveley to carry out the mission.
The reason everything is still at a standstill is because the Premier League Executive Committee is concerned that the Arabian owners could take advantage of the opportunity to buy Newcastle to expand economic power right in the foggy land. PIF representatives have repeatedly produced evidence to convince the Premier League that Mohammed bin Salman only spends money and does not run the club. However, those persuasions did not go unnoticed.
In addition, the TV copyright price is also in the dispute ring between the two sides. Arabian owners do not want them to invest in a mountain of money to buy them, but they only receive the foul-smelling TV rights. The Premier League is still persistent in maintaining the view that it is more or less based on its position in the rankings.
Another problem is the poor relations between Arabian owners and British TV channels. The proof is that a few months ago, Saudi Arabia canceled the live broadcasting rights of the Premier League of beIN Sport channel. The tensions are heightened as beIN is headquartered in Qatar, very close to Saudi Arabia, but cannot bring the image of the Premier League to this country.
The battle for Newcastle from Mike Ashley and Mohammed bin Salman is not just "alone, a horse". If the Arab billionaire fails, American businessman Henry Mauriss is ready with a £ 350 million offer. Mauriss hopes to own the "Magpies" as soon as possible to rebuild this team before the 2020-21 season opens.
The benefits and dreams of changing lives have not been seen anywhere, those who are contributing every day to the club like coach Steve Bruce feel very tired. How can we not get tired when he and his students do not know what the future of the team will be like, who will it belong to or whether we will be sold if the team changes owners?
"It's really disappointing to hear things like this. The team needs internal clarity, which will be good for everyone. We don't want things to keep getting messy like this. Hopefully everyone will know some official information next week," Bruce shared after the loss to Liverpool in round 38.
