Pirate £80 TV black box could ‘scupper’ £300m Newcastle takeover
Posted Saturday, May 16, 2020 by Dailystar.co.uk
The Saudi Arabia Public Investment Fund have been close to completing a takeover of Newcastle for some time however it could now be in doubt over alleged involvements with a black box
The takeover of Newcastle has reportedly been held up due to the Saudi Arabia Public Investment Fund's alleged involvement with a black box.
Takeover talks regarding a £300m sale of the Premier League side, brokered by financier Amanda Staveley, have been going on for weeks.
The prospective Saudi owners include Crown Prince Mohammed Bin Salman and are believed to have a net worth of a massive £320billion.
The deal has been with the Premier League however is yet to be complete with The Sun reporting that an alleged involvement with an £80 black box by the name of beoutQ has got the league investigating the deal.
A takeover deal for Newcastle is ongoing
The box allows viewers to illegally access content from the likes of Sky, BBC, Netflix and Amazon for free
Premier League matches are also available to watch with the Saudis having previously denied any link to piracy on the beoutQ platform.
It’s claimed that the Premier League received evidence earlier this week which appears to establish a clear link between the Saudi state and a TV service which streams sporting events illegally.
Giles Watling MP, a Conservative member of the Digital, Culture, Media and Sport Committee, urged that select committee investigate Saudi based beoutQ.
In an email to the select committee, seen by the PA, Watling wrote: "I am writing to request that the Committee holds an oral evidence session on the theft of UK sport by the Saudi-based pirate operation beoutQ, which has been stealing and broadcasting every major UK sporting competition for almost three years, including the Premier League.
"Ideally, this should be with the Secretary of State (Oliver Dowden) and representatives from the Premier League."
It continued: "This is even more relevant now within the context of the likely takeover of Newcastle by a consortium backed by Saudi Arabia's Public Investment Fund (KSA PIF).
"This investment fund is backed by the same entity that backs beoutQ - Saudi Arabia - and is particularly pressing as the Government refused to comment on the takeover to the Committee recently."
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