Kieran Maguire delivers exciting Newcastle takeover verdict after documents reveal
The “personal” dispute between Mike Ashley and the Premier League will not be a barrier to the Saudi-led Newcastle United takeover.
The hugely encouraging update for fans comes from finance expert Kieran Maguire, speaking exclusively to Football Insider about the upcoming anti-competition suit between the two parties.
As relayed by Chronicle Live on 27th July, court documents show that the date for the legal battle is set for 27th September.
This case is separate from the arbitration proceedings which are slated for early 2022.
Maguire claims that the anti-competition suit is more about Ashley’s personal gripe with the Premier League than the fate of the takeover itself.
He told Football Insider correspondent Adam Williams: “This is a sort of personal issue between Mike Ashley and the Premier League.
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“The hearing at CAT is for Mike Ashley to get some form of compensation for being unable to sell a business that he owns.
“This is fundamentally a private dispute. We all know the history of this would-be deal and this is really to do with that.
“It should in no way, shape or form prove to be a barrier in terms of the long-term ambitions of the Saudi Public Investment Fund’s plans to acquire Newcastle United.”
Ashley has been attempting to sell Newcastle for over a decade and came close last summer.
But the proposed £300million takeover deal with the PIF-led consortium fell through over the group’s alleged links to the Saudi state.