Kieran Maguire shares 'explosive' legal claim after 'extraordinary' Newcastle courtroom reveal
A “very expensive and explosive legal case” would have ensued had the Premier League carried out its threat to boot out Newcastle United.
So say finance boffin Kieran Maguire, speaking exclusively to Football Insider about the Competition Appeal Tribunal between both parties.
The hearing was called to determine if the Premier League had breached anti-competition laws during the Newcastle takeover saga last year.
As per BBC Sport on 29 September, Daniel Jowell QC revealed that the Premier League had threatened to expel Newcastle from the competition.
Representing the Magpies, Jowell claimed that the Premier League “abused its position” and effectively blocked the buyout from PCP Capital Partners.
Maguire insists that the ramifications would have been costly and far-reaching had the Premier League made good in its expulsion threat.
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He told Football Insider correspondent Adam Williams: “This would have resulted in a very, very expensive and explosive legal case.
“You’d also have Newcastle fans marching on Premier League HQ. There is no justification in the mind of any right-minded fan for taking such action.
“But such is the entrenched position of both parties, for and against Newcastle’s new owners, that was the situation.
“So I think it was an idle threat, but a threat all the same. It was an extraordinary revelation, whichever way you look at it.”
The next stage of Mike Ashley’s two-pronged legal challenge against the Premier League is set for 3 January next year.
There, independent arbitrators will finally determine whether the PCP consortium are able to force through a takeover.