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The blockade has restricted businesses on both sides, including Newcastle’s prospective buyers, who were banned from working on the deal with any bankers, advisers or lawyers known to do business with Qatar.
The deal was recently thrown into doubt when it was reported that the Premier League had received a World Trade Organisation dossier stating the Saudis are behind the illegal streaming of sports by beoutQ. The Premier League were presented with a 123-page document outlining the infringement, which is due to be published on June 16.
Sources close to Qatar said they have not yet been contacted by the Saudi side, and that major concessions would be required to secure any agreement. It is thought that the fraught relationship between the two states will be a significant hurdle to completing an accord.
The interest of the Saudi Sovereign Wealth Fund was first reported by the Wall Street Journal on Saturday morning and it claims Prince Mohammed bin Salman will team up with British financier Amanda Staveley.
Saudi Arabia, Bahrain, Egypt and the United Arab Emirates all hit Qatar with an economic and diplomatic embargo in June 2017 over claims the state supports terrorism, a charge it strongly denies.
The consortium hope their political efforts will help get the Newcastle deal over the line. All parties have now responded to questions from the Premier League as part of the owners’ and directors’ tests and are awaiting the completion of the checks due within weeks.
The Premier League have tried and failed on nine occasions to bring legal action against beoutQ. They have also asked the United States government to keep Saudi Arabia on its piracy watchlist before starting their checks on the Newcastle takeover.
Hatice Cengiz has called for the takeover to be stopped and her lawyer has written to Masters twice urging him to block the deal in light of the murder of the Washington Post reporter. The United Nations and CIA have implicated Saudi ruler Crown Prince Mohammed bin Salman in the murder, which he denies.
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