A journalist has now revealed the date that Mike Ashley is ‘confident’ that the potential takeover of Newcastle United will be completed by.
The Lowdown: Arbitration adjourned
The arbitration case between the St. James’ Park faithful and the Premier League over the stalled deal between Ashley and the Kingdom of Saudi Arabia (KSA) consortium has experienced delay after delay over the past year or so, and has now been adjourned until early 2022.
Are the Premier League to blame for the Newcastle takeover collapse?
There is also a separate anti-competition claim to deal with as Ashley looks to try and force through a bid.
The Latest: Ashley confident, agreement ‘closer than ever’
Writing in his latest piece for 90min, Graeme Bailey has now revealed that Ashley is ‘confident’ that the proposed takeover will go through in January.
The businessman and his legal team believe that the results of the arbitration hearing are ‘likely’ to go their way, and the consortium remain ‘ready’ to strike a deal with the North East club.
An agreement could be ‘closer than ever’, but the KSA’s Public Investment Fund (PIF) also hold interest in Inter Milan.
The Verdict: Promising
It certainly is promising to hear of Ashley’s confidence ahead of the arbitration proceedings, and suggests that the potential takeover is still very much alive.
The Toon Army have had to put up with so many delays during the saga, but it looks as if January could be a key month for them.
Nonetheless, it gives them some hope to cling on to of finally seeing Ashley sell up and new owners coming in to inject some life and ambition into a club completely devoid of either.
Click here to comment on this articleor
Give us feedback on your Football Transfer Tavern experience