Lee Ryder has shared some promising insight from observers of the potential takeover of Newcastle United on arbitration.
The Lowdown: Arbitration date set
A date has now been set for the pending arbitration case between the St. James’ Park faithful and the Premier League over the failed deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) group.
Are the Premier League to blame for the Newcastle takeover collapse?
The arbitration hearing has been set for July on an expedited basis, with the top flight been granted an extension to respond to the North East club’s separate anti-competition case against them.
The Latest: Ryder shares arbitration insight
Writing in his latest piece for The Chronicle, Ryder has shared that some observers of the bid believe that the arbitration decision will come much sooner than the one on the anti-competition claim, and that the result of arbitration could mean that the PL would be told that their original takeover decision would have to be reversed.
Given that the original decision was to fail the takeover, this would give it another chance to be completed.
The Verdict: Promising for takeover
The fact that the league could be told to reverse their original decision can only be seen as promising for the potential takeover, as it means that there is still a possibility for it to be completed.
Although the timing of the arbitration case is not ideal, given that it falls in the middle of the summer transfer window, a positive result would be a big step in its potential revival.
Nonetheless, at least there is now a date set in stone for that hearing, meaning that the Tyneside club can now prepare fully for it once the 2020/21 season ends, with the hope that it will be resolved at least before the end of the transfer window so that they know what kind of calibre of player they may be able to bring in.
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