The chief executive of the English Premier League, Richard Masters, broke his silence and revealed the reasons for not agreeing to the Saudi Public Investment Fund's acquisition of Newcastle.
This came in response to calls from members of the British Parliament and club fans, supported by Prime Minister Boris Johnson, and Masters said the acquisition had reached a dead end because buyers had not confirmed whether the Saudi state would ultimately control the team.
The investment fund, which was to be acquired by the team, is the sovereign fund in the kingdom, and its head is Crown Prince Mohammed bin Salman.
British newspapers indicated that the Saudi Fund refused to give more details and only Yasser Al-Rumayyan was presented as the sole representative on the Newcastle Club board of directors if the acquisition took place.
The Saudi Fund made an offer to the Premier League last April to acquire 80% of the club for $ 375 million, but the issue of television rights piracy and human rights violations attributed to Saudi Arabia complicated the process, and represented tremendous pressure on the League to reject the offer, before the Saudi Fund announced its withdrawal. On the 4th of this month, after confirming that the deal has failed.