Keith Downie has dropped some promising insight on Mike Ashley and the potential takeover of Newcastle United.
The Lowdown: Ashley accuses Premier League
As per The Shields Gazette, Ashley and the St. James’ Park faithful have accused the Premier League of what they believe to be anti-competitive behaviour in their decision-making process on the proposed deal between the chief executive of Sports Direct and the Kingdom of Saudi Arabia (KSA) consortium.
Is the KSA takeover of Newcastle over?
The are looking to take the top flight to court for this, and have also taken on an anti-competition case given to them by the Newcastle Consortium Supporters Limited (NCSL), with the division given fresh legal papers as Ashley looks to force them to push through the bid.
Ben Jacobs was worried by the developments this week, believing it could be a case of Ashley seeking damages for a losing battle, but Downie has dropped what sounds like a slightly more optimistic take.
The Latest: Downie drops Ashley insight
Townie was reporting for Sky Sports (via Football Daily) with regards to Ashley, saying that “he will leave no stone unturned to try and get this takeover pushed through.”
Given that there is already an arbitration case to be held between the English tycoon and the PL over the failed takeover, on top of what is now another legal battle, Ashley is clearly more determined than ever to get his deal over the line.
The Verdict: Arbitration key to potential takeover
The pending arbitration hearing still holds the key in determining whether the potential takeover still has legs, regardless of what other pathways Ashley tries to take.
A positive result could pave a pathway for the bid to come back to the table, and if the league are found to have been anti-competitive in the takeover process, then that will only add fuel to the fire.
Nonetheless, time will tell if Ashley is successful in finally giving Toon fans what they’ve been chasing for so long.
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