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Newcastle United: Kieran Maguire drops claim on takeover case

Newcastle United: Kieran Maguire drops claim on takeover case - Newcastle United News

Kieran Maguire has dropped a big claim on Newcastle United’s anti-competition takeover case against the Premier League.

The Lowdown: Ashley launches case

Mike Ashley has launched an anti-competition lawsuit against the top flight with regards to their decision-making process in the failed takeover of the club from the Kingdom of Saudi Arabia (KSA) group.

Are the Premier League to blame for the Newcastle takeover collapse?

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Yes

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The chief executive of Sports Direct has since appointed Daniel Jowell as his QC for the case, which is separate from the arbitration case due to take place between the two parties involved.

The Latest: Maguire favours Ashley

Speaking to Football Insider, Maguire – who is an expert in the field of football finance – has claimed that Ashley could be the biggest potential winner in the long run as the case is launched, while also claiming that the Premier League being granted an extension to respond to it is a ‘filibuster’:

“The biggest potential winner in this is going to be Mike Ashley rather than Newcastle, in the long-term.

“And he is playing a long-term game. Newcastle fans have had to be patient and this is the kind of prevarication we do associate with our silver-tongued friends in the legal profession.

“We’ve seen it in the form of charges from the EFL against clubs that may or may not have the impact of deferring points deductions, for example. So it is a filibuster, in effect.”

The Verdict: Premier League delaying takeover

The fact that the Premier League have been granted an extension to respond to the case does seem like a delaying tactic in the bigger picture of the potential takeover going through.

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They also have an arbitration hearing to face against the St James’ Park club, with the results not guaranteed to go their way.

What is for sure is that the results of both legal battles should paint a much clearer picture over the direction of where the potential takeover is heading, as Newcastle will be hoping that the outcomes are positive from their point of view.

The uncertainty over whether the potential takeover can be completed is not ideal going into the summer transfer window, as the Magpies do not know what kind of players they will be looking to buy, but the Toon Army will probably not care one bit if it means that the KSA consortium can end Ashley’s tenure.

In other news, find out what big Joe Willock transfer update has been dropped!


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Article title: Newcastle United: Kieran Maguire drops claim on takeover case

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