A sports lawyer has dropped some enticing insight on Newcastle United’s arbitration case against the Premier League over the failed takeover.
The Lowdown: Newcastle await arbitration
A date has now been set for the pending arbitration hearing between the North East club and the top flight over the failed deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) consortium.
Are the Premier League to blame for the Newcastle takeover collapse?
The case has been set for July on an expedited basis, with the division being granted an extension to respond to Mike Ashley’s separate anti-competition lawsuit.
The Latest: Sports lawyer on arbitration
As quoted by The Chronicle, Peter Nunn, who is the Head of Sports Disputes at law firm Mishcon de Reya, has dropped some enticing insight on the arbitration hearing.
He claims that ‘we may never know the full underlying reasons’ for why the panel come to their final decision, although the result will be publicly known.
Nunn also claims that the decision made by the arbitrators would be expected to be issued ‘within a month’ after the hearing, and added that ‘a decision is likely final’.
The uncertainty on both sides of the case makes it ‘fascinating’ in his eyes, as Nunn also gave some insight on what the arbitration may mean for the separate anti-competition lawsuit launched by the Tyneside club against the PL.
Nunn claimed that there is ‘no doubt’ that the Magpies would drop the anti-competition case if they prevailed in arbitration, as that one is seen as a ‘second bite of the cherry’ if they lose arbitration.
The Verdict: Arbitration key
A positive result for the Toon in the arbitration hearing is certainly key for any potential revival of the original takeover bid from the KSA group.
In a welcome relief, this would mean that the anti-competition case would effectively no longer be needed, which would save NUFC a lot of time and resources in terms of trying to get the takeover back on track.
That said, the anti-competition lawsuit may be vital if they lose the arbitration case against the league, but everything depends on the results of the latter.
With arbitration not set to start until July, it is likely that Newcastle will have to go through the whole summer transfer window without a takeover at St. James’ Park, which is not ideal given the embarrassment of riches that they would potentially have at their disposal if it were to go through.
Nonetheless, the Toon Army will no doubt be ecstatic if arbitration goes well for the Magpies and thus paves a pathway for a potential resurrection of the original deal.
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