Through the Public Investment Fund chaired by Crown Prince Mohammed bin Salman, Saudi Arabia plans to purchase broadcast rights to Premier League matches in the Middle East and North Africa, which is currently owned by Qatar’s BeIN Sports Group.
And the involvement in the illegal piracy of broadcasting major sporting events through what is known as the beoutQ network, resulted in the failure of the attempt to acquire Newcastle United Club by the Fund, which prompted Saudi Arabia to study the possibility of entering another competition, and purchase the rights to broadcast the biggest league in the world, according to the newspaper ” British Mirror.
– Mirror Football (@MirrorFootball) May 27, 2020
The newspaper added that the Saudi Public Investment Fund’s acquisition of Newcastle United club had been suspended for 300 million pounds, even though the deal had reached its final stages, and could have been announced officially in the coming days.
The British newspaper “Daily Mail” had confirmed that the deal for the acquisition of the Newcastle club by the Saudi Investment Fund after a report by the World Trade Organization condemning Saudi Arabia for being involved in piracy broadcasting major sporting events.
Saudi Arabia’s proposed takeover of Newcastle United FC was thrown into doubt on Tuesday after the World Trade Organization found it had breached international law by backing pirating of Premier League matches.https: //t.co/mhJxa8gi8n
– Daily Times (@dailytimespak) May 27, 2020
The newspaper stated that the final report of the WTO is 130 pages long, and is scheduled to be formally issued in the middle of next month, and includes a clear condemnation of Saudi Arabia by being behind the pirate network “P Out Qu”.
She explained that the English Premier League had obtained a copy of the report, and confirmed that the league had testified against Saudi Arabia during the investigation carried out by the Trade Organization.