Henry Mauriss puts in £350m bid to buy Newcastle. US TV company chief would prefer takeover to happen before start of 2020/21 season.
Newcastle United have received a new £350m takeover bid from the CEO of US TV company Clear TV, Henry Mauriss.
Sky Sports News reported Mauriss would prefer the takeover to happen before the start of the 2020/21 season.
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 Newcastle United. That would ends 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 (WTO) issued a damning indictment of Saudi Arabia’s role in facilitating the transmission of pirate television broadcasts.
Credit: Sky Sports