A journalist has shared some promising insight on arbitration from the Newcastle United takeover consortium.
The Lowdown: Newcastle know arbitration date
A date has now been set for the pending arbitration hearing between the North East club and the Premier League over the failed deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) consortium.
Is the KSA takeover of Newcastle over?
The case has been set for July on an expedited basis, with the EPL being granted an extension to respond to the St. James’ Park faithful’s separate anti-competition lawsuit that has been launched against them.
The Latest: Journalist shares consortium insight
Writing in his latest piece for The Independent, Tony Evans has shared that the KSA’s Public Investment Fund (PIF) remain keen on investing in the Tyneside club, and that those around the consortium have insisted that the deal will eventually be completed.
They are confident that the arbitration process will result in the potential takeover being given the green light.
The Verdict: Confidence is promising
The confidence that the proposed bid will eventually go through is certainly promising for members of the Toon Army, but there is still a lot of work that needs to be done first of all.
There is an uncertainty over how long the arbitration hearing will take, and whether the separate anti-competition case will follow straight after or whether a decision on the takeover would be taken without that in consideration.
Steve Bruce’s team will be going into the summer transfer window not really knowing what calibre of player to buy, as there is a chance that the takeover could be revived after it ends.
Nonetheless, it will no doubt be interesting to see whether the confidence of the consortium translates into the results of the arbitration case.
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