Ben Jacobs has claimed that the Premier League are ‘confident of winning’ their pending arbitration case against Newcastle United related to the potential takeover.
As per a tweet from the journalist, who has regularly commented on takeover matters, the English top flight do not expect ‘any liability’ from the arbitration hearing as taken from the annual report, and added: “In theory, they could have financial liability since ‘reasonable’ costs can be awarded to successful party & Nick De Marco clearly isn’t cheap.”
In their annual report, EPL say they don't expect "any liability" from #NUFC arbitration. In other words, they're confident of winning. In theory, they could have financial liability since "reasonable" costs can be awarded to successful party & Nick De Marco clearly isn't cheap. pic.twitter.com/yk8cAyeSkl
— Ben Jacobs (@JacobsBen) April 22, 2021
Arbitration result key
The result of the arbitration case is likely to be key in determining whether the proposed deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) group can still be revived or not.
Is the KSA takeover of Newcastle over?
Given the the PL seem confident that they will win the legal battle, it could be worrying times ahead for the St. James’ Park faithful as they look to see how they can turn the case in their favour.
However, a positive result for the North East club could well pave a pathway for the KSA’s Public Investment Fund (PIF) to come back to the table, which would surely bring the bid one step closer to completion.
Nonetheless, the fact that the Premier League are seemingly confident that they are going to win may cast a few doubts in minds at the Tyneside club, especially after Luke Edwards claimed he has been ‘told something’ that could completely end the takeover hopes – find out what worrying claim Edwards dropped on the potential takeover here!
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