SportsMark Douglas drops worrying insight from legal observers on Newcastle takeover case
Mark Douglas has dropped some worrying insight from legal observers on one of the Newcastle United takeover cases against the Premier League.
The Lowdown: CAT delay
As per The Chronicle, the Competition Appeal Tribunal (CAT) claim over the stalled takeover deal between Mike Ashley and the Kingdom of Saudi Arabia (KSA) group has now been delayed until September.
The top flight are continuing to try to get the case thrown out, as a hearing date is yet to be confirmed.
This follows the delay of the separate arbitration case filed by the St. James’ Park faithful against the division over their decision-making process with regards to the takeover bid, which is now not due to take place until early next year.
The Latest: CAT insight
Writing in his latest piece for The Chronicle, Douglas, a football journalist who has been tracking all of the latest developments in the takeover saga, has revealed the legal observers feel as if the CAT case will not play out before the arbitration proceedings take place.
This is in despite of a hearing expected to take place in September, but because the arbitration process is not going to be revisited until early next year, this means that any CAT proceedings may not take place until 2022.
The Verdict: Worrying
It is certainly worrying to hear that the CAT case may now not start until 2022, adding yet more delays to the whole takeover process.
It is not ideal at all for the North East club and its fanbase to go into another season of uncertainty, but it looks as if that will be the case once more with the new 2021/22 Premier League campaign less than two weeks away.
It also means that they have not been able to flex their financial muscles in the summer transfer window so far, as the Tyneside club enter the final month in where they can do business before January.
In other news, find out which top target is now keen on a Magpies move here!
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