Kieran Maguire has given his reaction to a fresh revelation in Newcastle United’s recent takeover case.
The Lowdown: Premier League threat
As cited by BBC Sport, Daniel Jowell QC revealed that the Premier League had threatened to expel the Tyneside club from the division in their Competition Appeal Tribunal (CAT) case against the top flight over the stalled takeover deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) consortium.
Is the KSA takeover of Newcastle over?
Representing Newcastle United, Jowell claimed that the Premier League ‘abused its position’ and effectively blocked the bid.
The Latest: Maguire on threat
Speaking to Football Insider, finance expert Maguire has now claimed that, should the Premier League go through with their threat, it would have had had costly ramifications. He said:
“This would have resulted in a very, very expensive and explosive legal case.
“You’d also have Newcastle fans marching on Premier League HQ. There is no justification in the mind of any right-minded fan for taking such action.
“But such is the entrenched position of both parties, for and against Newcastle’s new owners, that was the situation.
“So I think it was an idle threat, but a threat all the same. It was an extraordinary revelation, whichever way you look at it.”
The Verdict: Pressure piling up
There is clearly pressure being piled up on the Premier League for them to have come out with such a threat, which would be very difficult to push through anyway given yet another big legal battle with Newcastle which would have likely have followed.
Nonetheless, the Magpies will now feel as if their pathway to the takeover has cleared somewhat, with the arbitration proceedings to come next year.
Win that case against the Premier League, and the Toon Army can start dreaming of a takeover once more.
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