However, they have already had two setbacks, with the court rejecting two of their requests regarding the hearing.
One was to have a member of the panel removed because of their previous work for the Premier League, and the other was to make the process public.
There have also been suggestions that the case might not be finished until 2022, which Kennedy doubts, but equally, he doesn’t know when the proceedings will finish.
He said: “Putting timescales on these things is so problematic. Anybody that has done that to this point has had their fingers burnt in every sense.
“Last year, when everything looked to be heading in the correct direction, I was guilty of that. Everybody in the journalistic world had their fingers burnt on that because it was so conclusive and seemed to be heading in a certain direction until a key moment in May, which changed everything.
“So, I am not going to put a timescale on it, but I would be very surprised if we were still sitting in this same position as we are now in 2022.”
Do you think arbitration could on until 2022?
No, surely not
Yes, wouldn't be surprised
TIF Thoughts on the arbitration case…
So, it is no surprise that there have been some suggestions that this could go on until 2022 if it still hasn’t even started.
Mike Ashley claimed last week that he wanted what was best for the club and its fans, yet he still has Steve Bruce in charge, who has managed two wins in his last 15 league games and has the Toon sitting in 16th place, which doesn’t seem like the best thing for the fans.
We think that the best they can hope for is that the arbitration case doesn’t take that long and ends up with the consortium finally buying them, but it remains to be seen if that is what happens.