Lee Ryder has dropped a bold claim on the potential takeover of Newcastle United ahead of their upcoming arbitration case against the Premier League.
The Lowdown: Arbitration looms
The 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 is set to take place over the coming months, and the results may be pivotal in terms of the direction of where the bid is heading.
Are the Premier League to blame for the Newcastle takeover collapse?
Amanda Staveley, the businesswoman and head of PCP Capital Partners who is also a member of the consortium, has spoken to Sky Sports referencing a letter that she wrote urging both the UK government and football regulators to ensure that the arbitration case is to be made public in order to give some more transparency over the whole situation.
The Latest: Ryder claim
Replying to a Magpies fan in a Q&A session, Ryder, who has been following the latest developments in the takeover saga, has claimed (via The Chronicle):
“The Premier League have stuck to their guns so far on the takeover, they claim they didn’t do anything wrong and they are sticking to the legal answer on whether it should go public or not.
“For all that, I think that we are edging closer to some type of end game, but it looks increasingly like this could go slowly. They have asked for extensions on the anti-claim case, so we will see if they do likewise on the arbitration.”
The Verdict: End game approaching
As Ryder points out, an end game may be approaching with regards to the whole takeover saga.
The results of the arbitration case will be vital in determining the direction of where the takeover is going to go, and a positive one for the St. James’ Park faithful could well help speed up the process.
Nonetheless, the Toon Army seemingly will have to be patient before they can gather an incline as to whether the deal is still possible, and the Tyneside club will now have to focus on getting themselves fully prepared for the new 2021/22 season ahead.
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