Mark Douglas has dropped some promising insight from the Kingdom of Saudi Arabia (KSA) consortium on the potential takeover of Newcastle United.
The Lowdown: Arbitration set
The date for the Magpies’ arbitration case against the Premier League over the stalled takeover deal with the consortium has now been set for 3 January 2022.
Are the Premier League to blame for the Newcastle takeover collapse?
This comes after the separate Competition Appeal Tribunal (CAT) claim between Mike Ashley and the Premier League over their decision-making process with regards to the bid officially started on Wednesday morning.
The Latest: Consortium insight
Writing in his latest piece for The Chronicle, Douglas has dropped some insight from the consortium into the takeover and the upcoming arbitration hearing, revealing that the prospective new owners would be ‘ready to go’ if the results of the proceedings go in their favour.
They have previously drawn up plans for potential recruitment in each of the last few transfer windows, with the belief that a resolution in January is now ‘possible’.
The Verdict: Promising
It is certainly promising to hear of the consortium’s stance, for if Newcastle manage to win their arbitration case, then the process of the takeover could well be accelerated.
There are likely to be big names in terms of recruitment on the list of the prospective owners, who will hope to invest in the team to help the club to become successful, which is an exciting prospect for the Toon Army.
However, the Premier League will equally feel as if they have a strong case themselves, and so it is anyone’s guess what the ruling will be.
Click here to comment on this articleor
Give us feedback on your Football Transfer Tavern experience