Mark Douglas has revealed what insiders at Newcastle United are looking for after the latest twist in the takeover saga.
The Lowdown: Arbitration adjourned
As shared by the official website of the St. James’ Park faithful, the arbitration proceedings between them and the Premier League have now been adjourned until early next year due to issues with the disclosure of evidence.
Is the KSA takeover of Newcastle over?
The process was expected to take place this month, but now further delays have been implemented, leaving the North East club in limbo for the foreseeable future.
The Latest: Insiders looking to Ashley
Writing in his latest piece for The Chronicle, football journalist Douglas has shared that insiders at the Tyneside club are now looking to Mike Ashely to re-engage with their immediate concerns and ‘set the parameters’ of summer recruitment.
The Kingdom of Saudi Arabia (KSA) consortium ‘remain committed’ to the deal, although the KSA’s Public Investment Fund (PIF) are ‘yet to be drawn’ on the arbitration delay.
The Verdict: Plan needed
With the adjournment to the arbitration case, there is certainly a plan that needs to be made by both Ashley about the direction in whic the club are heading in the immediate future.
There has been delay after delay, and for the hearing not to take place until 2022 is certainly a kick in the teeth but there is a new season on the horizon and plans must now be made to help the Magpies have a successful campaign.
It is not ideal for the Magpies to go into yet another season with uncertainty, but so long as the consortium ‘remain committed’ to the deal, then there is till hope that eventually the takeover can be completed.
However, in the short term, Ashley needs to re-engage and provide Steve Bruce with the funds he needs to build a squad that can compete in the Premier LEague in the upcoming season.
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