Speaking on the latest episode of The Transfer Window Podcast with Ian McGarry, Duncan Castles has revealed that if the Premier League blocks the proposed takeover of Newcastle United, they could face legal action.
However, the legal action might not only come from Saudi Arabia’s Public Investment Fund, but also Mike Ashley, who stands to miss out on hundreds of millions of pounds.
Castles spoke about other things, but he spent quite a bit of time on the potential legal action should this takeover be blocked.
Here is what he had to say about this situation:
“They are under pressure, and I think the Premier League are well aware that if they give the ‘no’ that it’s likely to be followed by legal action.
“If not by PIF themselves, then possibly by Mike Ashley, who faces losing out on the £300m fee he’s agreed with PIF, PCP, and the Reuben brothers for his football club.”
It seems as if the Premier League could face legal action from both the buying party and Ashley if they decide to block this takeover.
Do you think Ashley would launch legal action if the takeover is blocked?
Yes, he wants out
No, he would stay and continue taking money from the club
TIF Thoughts…
It seems as if the Premier League could face some objections if the takeover is blocked; however, Saudi Arabia have taken some steps that should help the takeover process along.
The first thing they have announced is that there will be an official crackdown on piracy in the country.
They also sent a letter to major sports bodies confirming that they will take responsibility for stopping piracy.
This has apparently swayed the PL, and a decision from them is now thought to be just days away.
So, despite Castles’ talk about potential legal action, there might not be any need for that if reports are to be believed.