The Premier League did not include Saudi Arabia on the US government’s piracy watch list this year, which has reportedly encouraged Mike Ashley’s camp amid the Newcastle takeover saga.
Piracy was a big factor last summer as Ashley’s latest attempts to sell the club fell short.
Ashley agreed a deal to sell Newcastle to PCP Capital Partners worth a reported £305million.
All that was needed was for the buyers to pass the Premier League’s Owners’ and Directors’ test.
However, the Premier League failed to make a decision, prolonging the saga and leaving one of their clubs in limbo.
Eventually PIF, who would have owned 80% of the club, withdrew.
Almost a year on, and Ashley is now involved in two legal battles against the Premier League.
The Premier League have until June 11th to respond to the club’s anti-competition claim, while arbitration is set to take place next month.
This is set to be a crucial few weeks for the Newcastle takeover saga. However, latest developments have reportedly encouraged the Toon owner.
Why is Ashley encouraged over Newcastle takeover saga?
According to the Press Association, the Premier League did not name Saudi Arabia on this year’s piracy watch list. However, UEFA and La Liga did include Saudi Arabia.
The Press Association claim that Ashley sees this as encouraging ahead of arbitration next month.
It is reported that if arbitration goes Newcastle’s way, the consortium are ready to relaunch their takeover bid.
That’s why these next few weeks are pivotal for the Magpies.
But while Ashley might be increasingly confident, we still have no idea which way arbitration will go.
The club remain in limbo, while the fans continue to wait patiently for a conclusion to a saga that has drawn the club to a standstill.
Will we finally see a resolution this summer? Only time will tell.