Kieran Maguire tips Newcastle legal 'action' after chiefs 'caught with trousers down'
Newcastle United could take legal action if they find that the Premier League’s moratorium on related-party sponsor deals is unlawful.
So says finance guru Kieran Maguire, speaking exclusively to Football Inside about developments at Premier League headquarters.
The Daily Mail reported last Friday (26 November) that the top-flight voted to extend the ban on related-party sponsors until at least 14 December.
Newcastle’s new owners are keen to boost their financial fair play prospects by using their Saudi business link to seal new commercial deals.
And Maguire predicts that the Magpies could ready their lawyers if they find the moratorium to be in breach of anti-competition statutes.
“This is classic delaying tactics,” he told Football Insider correspondent Adam Williams.
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“The Premier League are floundering following the rapid progress of the Newcastle takeover when their objections collapsed.
“To a certain extent, they were left with their trousers down.
“Now what they are trying to do is change the Premier League constitution for the cartel of clubs that fear Newcastle as a rival.
“To do that, they need a series of rules that are as watertight as possible.
“These rules will need to be reviewed by teams of lawyers and accountants who will go through them with a fine-tooth comb looking for loopholes.
“That takes time. That is the reason behind this deferment.
“At the same time, Newcastle’s legal advisors will see whether or not they are being discriminated against. If so, they could take action.
“If they extended this moratorium indefinitely, it would upset some other clubs. It also has an impact on valuation on cash flow at the same time.”
Newcastle are officially the world’s richest club after their £305million takeover by the Saudi Arabia Public Investment fund in October (2021).
But Eddie Howe’s side are still winless in the Premier League after 14 matches.