Mark Douglas has dropped an update about what Mike Ashley has told the Newcastle United takeover consortium about his arbitration case against the Premier League.
The Lowdown: Arbitration soon
The arbitration case between the St. James’ Park faithful and the English top flight is seemingly not far away at all, as Sky Sports and North-East based journalist Keith Downie has reported that it is expected to start at the end of June.
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Ashley has also launched a separate anti-competition claim against the Premier League over their decision-making process in the failed deal between himself and the Kingdom of Saudi Arabia (KSA) group, which he is thought to be keeping in his back pocket in case the results of the arbitration hearing do not go in his favour.
The Latest: Ashley briefs consortium
Writing in his latest piece for The Chronicle, Tyneside club journalist, and takeover follower Douglas, has shared that Ashley has briefed the consortium to ‘have their ducks in a row’ in case a quick resolution can be reached as a result of arbitration.
The chief executive of Sports Direct feels as if he has a ‘good chance’ of winning the case, and so he wants the consortium to be ready in case the takeover process can be accelerated if the result goes his way.
The Verdict: Arbitration vital
The result of arbitration is vital if there is any hope of the original takeover bid being revived.
If results go in Ashley’s favour, then his separate anti-competition lawsuit would not be needed, and he can fully concentrate on getting his deal with the consortium back on track.
The timing is certainly not ideal, as the summer transfer window has already opened and the new 2021/22 season is set to begin in August, but in theory, a takeover could still be completed not long after arbitration, which would give the Magpies the best possible preparation going into the new campaign.
Nonetheless, the Toon will ideally not want to go into the new term with uncertainty, and so it is vital for them that the arbitration is completed as quickly as possible, with the results hopefully going their way.
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