Liam Kennedy has given a very key update on the proposed £300m takeover of Newcastle United by the Kingdom of Saudi Arabia (KSA) consortium.
Replying to a fan of the St. James’ Park faithful on Twitter, the Shields Gazette journalist said that ‘arbitration isn’t done to my knowledge’ and that it may well have even been put back until next year.
Is the KSA takeover of Newcastle over?
There has been talk as to whether the legal disputes between the Tyneside club and the Premier League would have to be settled in an arbitration hearing in front of a judge in order to see where the next steps are for the prospective deal between Mike Ashley and the KSA group.
As Kennedy has revealed, a possible set of dates for that potential hearing have not been decided as of yet and it may well even get pushed back until next year given the very busy festive period leading up until and after Christmas.
Arbitration isn't done to my knowledge. May well have been shelved til next year, mind.
— Liam Kennedy (@LiamJKennedy23) December 17, 2020
Can an arbitration hearing settle the Newcastle takeover debate?
An arbitration hearing may well be the only way to settle the legal battle between the Magpies and the English top flight in order to get some clearer answers as to why exactly the takeover has failed and thus what can be done to get the bid back on track.
Nonetheless, it may be a long while yet before members of the Toon Army get any more kind of transparency according to Kennedy’s update.
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