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Newcastle United: Kieran Maguire drops claim on potential takeover

Newcastle United: Kieran Maguire drops claim on potential takeover - Newcastle United News

Kieran Maguire has dropped a big claim on the potential takeover of Newcastle United after a development involving the Premier League emerged.

The Lowdown: Ashley files against Premier League

Mike Ashley has filed a lawsuit against the top flight as he believes they have breached competition laws. The chief executive of Sports Direct alleges that, in the blocking of the proposed deal between him and the Kingdom of Saudi Arabia (KSA) group, the division broke free-market regulations.

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He is seeking damages for loss of profit and ultimately wants the Premier League to reverse its decision with regards to the failed takeover bid.

The Latest: Maguire reacts

Maguire, who is an expert in football finance, has since given his reaction to Football Insider on the actions taken by Ashley on the Premier League:

Are the Premier League to blame for the Newcastle takeover collapse?

Yes

Yes

No

No

He said: This is a proxy war for the takeover, without a doubt.

“Remember, the biggest beneficiary from this will probably be Mike Ashley. He is the person trying to sell the club.

“He does feel, rightly or wrongly, that there are other clubs who fear that a wealthily-backed Newcastle could turn the big six into the big seven.

“That’s why he thinks they are opposed to the takeover.”

The Verdict: ‘Big Six’ fearful

As Maguire suggests, there could be some clubs in the Premier League who are opposed to the takeover as they fear that the ‘Big Six’ could become the ‘Big Seven’.

These clubs could include the ‘Big Six’ themselves, as they have been so used to having success in the top flight and do not want that to be taken away from them by a new challenger.

Nonetheless, the pending arbitration case could go a long way into determining whether the takeover will come to fruition, but there does seem to be some strong opposition towards it.

In other news, some NUFC fans slammed this man’s performance against Man City.


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Article title: Newcastle United: Kieran Maguire drops claim on potential takeover

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