Saudi Bid To Buy Newcastle Will Be Decided In January
The Guardian|September 30, 2021
The Saudi Arabian-led takeover of Newcastle is set to be approved if the club can prove the Gulf kingdom will not be a director of the club.
Louise Taylor
Saudi Bid To Buy Newcastle Will Be Decided In January

That issue is due to be determined in early January when arbitration proceedings between Newcastle and the Premier League will decide whether the blocked buyout can proceed .

Until yesterday , when a separate case opened involving Newcastle’s owner, Mike Ashley, and the Premier League at the competition appeals tribunal (CAT), it was not publicly known that arbitration proceedings are scheduled to begin in private on 3 January , lasting just over a week.

Yesterday the QC employed by Ashley’s St James’ Holdings alleged that not only had leading clubs and the Qatar-based broadcaster beIN Sports lobbied the Premier League to kill the takeover but that the league had mentioned that Newcastle might be expelled from the top flight .

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