By Russell Edge

4th Oct, 2017 | 1:20pm

Sky Sports: Definitive verdict made in ongoing Newcastle saga

By Russell Edge

Newcastle United have lost their high court challenge against the raid made by HM Revenue and Customs (HMRC) at St James’ Park back in April, according to Sky Sports.

The broadcaster reports on their website that the Magpies had contested the legality of the seizure of records, both business and financial, and of items such as computers, laptops and telephones, at the Royal Courts of Justice, London.

The raid took place as part of an investigation into potential fraud over income tax and national insurance, with Newcastle’s managing director Lee Charnley being arrested and questioned before being released without charge.

However, at the High Court, it was ruled that warrants for the search-and-seize order were issued lawfully, although the saga is ongoing as officers are still unable to examine the seized evidence pending a potential appeal from Newcastle.

The Magpies were not the only club searched by officials back in April, with West Ham also having been raided by HMRC, while Chelsea were questioned but no evidence was taken.

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The ruling could have a major impact on Newcastle future dealings, with Mike Ashley reported by the Press Association as having signed nondisclosure agreements with potential investors.

It is currently unclear what punishment will be handed out to the Magpies should they be found guilty of the accusations, with a potential fine or points deduction on the table.

In other Newcastle United news, a potential investor has reportedly been impressed after meeting with club officials.

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