Duncan Castles has been speaking on the latest episode of The Transfer Window podcast, discussing the proposed takeover of Newcastle United that has now been withdrawn.
Castles spent quite a bit of time talking about the aftermath of the failed takeover and what the next steps from Amanda Staveley’s consortium could be.
One of the issues that Castles discussed was the possibility that the group could take legal action against the Premier League after they failed to make a decision on the deal, forcing the buyers to walk away themselves.
“The guidance I have from the buying parties is that would be a last and nuclear option and that they’d like to avoid it because of the implications it would have for the Premier League.
“So, I think they understand that an aggressive approach when you want to become a member of a club is a difficult one to get you across the finishing line.”
So, it seems as if the consortium is considering legal action, but it is not something they want to do.
Are you surprised by this?
No, they are trying to find other ways to resolve everything
Yes, thought they would be trying to force this deal through
TIF Thoughts…
One member of this takeover saga who is said to be considering legal action is Mike Ashley, who is also ‘100% committed’ to resolving this situation.
Judging by this, Ashley seems determined to sell, and if he is willing to take legal action against the Premier League, then this could get messy at some point.
Newcastle fans are also trying to help, and they have gained the support of many MPs, and Prime Minister Boris Johnson has also asked for clarity from the Premier League on what happened.
So, the pressure seems to be building, but if Castles is right, then the consortium does not see legal action as something they want to pursue at this stage.