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Newcastle United: Ben Jacobs drops claim as news emerges on takeover case

Newcastle United: Ben Jacobs drops claim as news emerges on takeover case - Newcastle United News

Ben Jacobs has dropped a big claim after news emerged on Mike Ashley’s case versus the Premier League on the handling of the Newcastle United takeover.

The Lowdown: Ashley launches takeover case

Ashley has launched an anti-competition lawsuit against the top flight with regards to their decision-making process in the failed takeover of the St. James’ Park faithful from the Kingdom of Saudi Arabia (KSA) consortium.

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The chief executive of Sports Direct has since appointed Daniel Jowell as his QC for the case, which is separate from the arbitration hearing due to take place between the two parties.

The Latest: Jacobs on takeover case

Jacobs, who is a sports journalist and has been following the takeover saga closely, has since shared the news that the PL have been granted an extension to respond to the anti-competition case of the North East club, but have in turn failed to gain access to some confidential evidence.

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The pending arbitration hearing has also been set for July on an expedited basis.

Reacting to this, Jacobs tweeted that it is now ‘highly likely‘ that Ashley will still be the owner on Tyneside come the first game of the 2021/22 season.

The Verdict: Newcastle face more uncertainty

Going into the summer transfer window, the Magpies face uncertainty once more over what kind of calibre of players that they should be looking to buy, especially with the financial impact of the global pandemic.

It is looking likely that the takeover saga could well drag on into the new campaign, and hypothetically if the takeover were to be completed after the market closes, then the Toon may face the prospect of relegation again if they cannot bring in the players they desire.

Nonetheless, this is now a vital period in the history of NUFC, as they await the start of what looks like being a fierce and complex legal battle against the Premier League.

In other news, find out what big claim has been dropped on the Newcastle takeover lawyer here!

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Article title: Newcastle United: Ben Jacobs drops claim as news emerges on takeover case

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