Liam Kennedy has now revealed some promising insight from PCP Capital Partners on the potential takeover of Newcastle United.
The Lowdown: Ongoing CAT case
The Competition Appeal Tribunal (CAT) case between Mike Ashley and the Premier League over the stalled takeover deal with the Kingdom of Saudi Arabia (KSA) consortium is currently ongoing, with the date for the separate arbitration hearing now set for January 3rd 2022.
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All parties involved in the bid are keeping a close eye on the proceedings and what information comes out of it that may affect the deal.
The Latest: PCP insight
Writing in his latest piece for Newcastle World, Kennedy has now revealed that PCP, headed by Amanda Staveley and part of the consortium looking to take over at St. James’ Park, are looking at the CAT case with ‘interest and hope but ultimately helplessness’.
The journalist also shared that they ‘remain committed to the deal’, despite reserving judgement on what comes next after the case has finished.
The Verdict: Promising
It is certainly promising to hear that PCP remain committed to getting the proposed takeover back on track, and that they are keeping a close eye on what is happening in the CAT case.
There is still hope from the buying side that a deal can be done, despite the delays that they have faced, and its possibility could well come down to the arbitration process next year.
Nonetheless, the Toon Army will no doubt be pleased to hear updates from the prospective buyers as their takeover dream remains alive, and if anything the fact they have been so hellbent in succeeding throughout all the chaos suggests they would be extremely ambitious if they ever do arrive.
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