Liam Kennedy has now revealed some promising insight from sources close to the Reuben brothers on the potential takeover of Newcastle United.
The Lowdown: Cases await
As per The Chronicle, the Competition Appeal Tribunal (CAT) case over the stalled takeover deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) consortium is set to take place this month after a delay in proceedings.
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This follows the delay of the separate arbitration case filed by the North East club against the Premier League over their decision-making process with regards to the bid, which is not set to take place until early next year.
The Latest: Takeover insight
Writing in his latest piece for Newcastle World, Kennedy has now revealed that close sources to the Reubens have recently made it known that they remain ‘supremely confident’ that they will get a deal done for the St. James’ Park faithful.
However, the journalist claims that the protracted takeover is ‘up in the air’, and that an appeal is ‘likely’ to follow the end of the CAT case, which could well take ‘as long as 12 months’.
The Verdict: Promising
It is certainly promising to hear of the Reuben brothers’ confidence in getting a bid pushed through, especially after the delays that the Toon Army have had to face.
With the CAT case expected to take place this month, they will gather at least some answers over the direction of where the deal is heading.
A positive result would bring real hope on Tyneside, and if they can follow that up in the arbitration hearing, then the takeover dream will still very much be alive.
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