Newcastle takeover news: "Big public interest" in upcoming court case

Newcastle United owner Mike Ashley

Newcastle United's Competition Appeal Tribunal battle against the Premier League is of "big public interest", according to Newcastle World journalist Liam Kennedy.

What's the latest news involving the court case?

Newcastle and the Premier League will go head-to-head in court today, with both sides having their say at a Competition Appeal Tribunal.

It comes after the potential takeover - worth a reported £340million - by a group including Saudi Arabia's Public Investment Fund, PCP Capital Partners and the Reuben Brothers collapsed due to the Premier League's offer of arbitration being rejected last year.

Current Magpies owner Mike Ashley - who first looked to sell the club just 16 months after completing his own takeover in May 2007 - reacted to the news by releasing an explosive statement during the summer, urging Newcastle fans, MPs and other high profile figures to call for the Premier League to allow the arbitration case to be heard in public.

Amanda Staveley, who is leading the multi-million pound takeover bid, has claimed the potential new owners have not been deterred in their bid to buy the Tyneside club despite the ongoing debacle.

Newcastle would become the richest club in the Premier League if the takeover, which was initially agreed by Ashley in April 2020, eventually goes through.

Enter Giveaway

Enter Giveaway

While the arbitration case will not be heard until early next year, Ashley will lock horns with the Premier League at the Competition Appeal Tribunal today.

What has Liam Kennedy said about the situation?

Newcastle fans will be able to watch the case, which gets underway this morning, via a live stream from the courtroom.

While Kennedy admits the battle poses many questions, he believes it is right for the Competition Appeal Tribunal hearing to be played out in public.

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The journalist told GMS: "I think there is a big public interest in this. I think that's the next stage - everybody's pointing towards that.

"Can St James' Holdings Ltd have their case stood up and will the Competition Appeal Tribunal have the jurisdiction? Will it be ruled that they can rule over this?"

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Could this lead to a change of ownership?

Those who have been looking to force through the takeover believe the hearing has a potentially huge role to play in the club's future, but the Competition Appeal Tribunal are unable to force through a change of ownership.

Through his company, St James' Holdings Ltd, Ashley lodged his claim against the Premier League with the UK Competition Appeal Tribunal in April under section 47A of the Competition Act 1998.

Ashley hopes heading to a Competition Appeal Tribunal will revive the takeover.

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