The Saudi Arabia-backed takeover bid of Newcastle United could be set for Premier League approval.
The takeover had failed to be approved by the league due to concerns over the lack of separation between the Saudi state and the Public Investment Fund (PIF), who, it was proposed, would own 80% of the club.
However a stumbling block in discussions was the blocking of the Qatari-owned channel beIN SPORTS in Saudi Arabia, a ban that has now been lifted.
Arsenal plan summer move for Calvert-Lewin - Paper Round
02/12/2021 AT 23:15
The channel are the Premier League, UEFA and FIFA's broadcast partners in the Middle Eastern region and matches had not been able to be aired legally in Saudi Arabia while the ban was in place.
The lifting of it, though, could remove one of the bid's most vocal and powerful opponents and pave the way for the completion of the deal, according to The Athletic.
The takeover is the subject of a legal dispute that is set for an arbitration hearing in January.
A consortium had been assembled to buy the club from Mike Ashley, the owner of Sports Direct who has run Newcastle for the past 14 years.
It also includes long-term suitor and private equity investor Amanda Staveley, as well as David and Simon Reuben, property investors who, as of 2020, were part of the United Kingdom's second-richest family.
Petrostate involvement in the purchasing of football clubs is not new - both Manchester City (United Arab Emirates) and Paris Saint-Germain (Qatar) are owned.

Mike Ashley

Image credit: Getty Images

Despite the controversial nature of the PIF's role in the bid, a recent survey by the Newcastle United Supporters' Trust found that 93.8% of its members were in favour of the takeover.
Ashley has been one of the English top-flight's least popular owners since purchasing the club in 2007.
Premier League
Late Pukki volley denies 10-man Newcastle first PL victory
30/11/2021 AT 19:08
Premier League
Saka and Martinelli fire Arsenal past Howe’s Newcastle
27/11/2021 AT 11:46