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Newcastle: Liam Kennedy drops ‘significant’ takeover update

Newcastle: Liam Kennedy drops ‘significant’ takeover update - Newcastle United News

Newcastle United are expecting to hear ‘something significant’ on their Competition Appeal Tribunal (CAT) case against the Premier League imminently.

That’s according to Shields Gazette journalist Liam Kennedy (via Twitter).

The lowdown

Mike Ashley has taken the Premier League to the CAT as well as initiating arbitration proceedings, and the disputes centre around the stalled takeover by a Saudi-led consortium.

A report from The Independent on Saturday suggested that the takeover was unlikely to go through before the start of the new Premier League season as Newcastle kick-off the campaign with a home fixture against West Ham United on 15 August.

A source told the newspaper that ‘the uncertainty is affecting how the club is operating’, with Ashley reluctant to spend on transfers ‘if he is not going to be the owner’.

The latest

‘Club sources’ have indicated that an important update on the CAT case will arrive as soon as ‘this week’.

However, Kennedy does sound a note of instinctive scepticism as he tweeted: “Club sources suggesting they are expecting to hear something significant on the CAT case this week.

“As ever with #NUFC though, we watch & wait.”

The verdict

At this stage, it would be understandable if Newcastle fans were distancing themselves from all the noise surrounding this prospective takeover.

Premier League chief executive Richard Masters offered assurances at the start of this year that a resolution would be reached ‘in a timely manner’, but it has proven to be an exhausting process.

However, Kennedy’s update offers optimism that things are finally starting to ramp up, hopefully leading to decisive developments in the next month or so.

In other news, the demands of this Newcastle target have been revealed.


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