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Newcastle United: Lee Ryder drops claim on CAT takeover case

Newcastle United: Lee Ryder drops claim on CAT takeover case -Newcastle United News

Lee Ryder has now dropped a promising claim on Newcastle United’s recent takeover case.

The Lowdown: Newcastle threatened

As cited by¬†BBC Sport, Daniel Jowell QC revealed that the Premier League had threatened to expel the St James’ Park club from the top flight in their Competition Appeal Tribunal (CAT) case against the division over the stalled takeover deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) group.

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To come out with such an outrageous threat suggests that the Premier League are feeling the pressure when it comes to arguing their case.

The Latest: Ryder on CAT

Replying to a Newcastle fan in a Q&A session when asked about his thoughts on the CAT case for The Chronicle, Ryder claimed that it ‘went well, arguably better than expected’.

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The journalist added that he thinks that there is a ‘good chance’ that it will carry on from where it left off on Wednesday instead of being thrown out, which was the Premier League’s aim in the hearing.

The Verdict: Promising

The opening day of the CAT claim did seem like a promising one for Mike Ashley and Newcastle United. The Premier League did seem desperate at times, as exemplified by their threat, and suggested that the Tyneside club may have a stronger case.

They also got a definitive date for the separate arbitration proceedings in 3 January 2022, and that step is likely to be pivotal in determining the direction of where the prospective takeover is heading.

In other news, find out what sources close to Ashley have now said about Steve Bruce’s future

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Article title: Newcastle United: Lee Ryder drops claim on CAT takeover case

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