Newcastle United journalist Liam Kennedy has been discussing the latest implications of the proposed takeover at the club.
This week will mark the one-year anniversary that Newcastle United’s proposed takeover attempt by the Saudi Arabian Prince Investment Fund was called off, and fittingly there was yet another spanner thrown into the works of the whole ordeal last week, as the Premier League and the club’s arbitration case was pushed back to early 2022.
Do you think there have been positives from Mike Ashley's reign?
No, not a single one
Yes, there have been a few
Speaking about the impact of the takeover delay on NUFC Matters, Kennedy expressed his concern that the club might not be able to survive in the Premier League for that long following their scare last season:
“My only concern with the whole takeover thing at present is if we go CAT [Competition Appeal Tribunal] and if it becomes a medium-to-long-term thing.
“If, for example, it says it will take two years to get a decision on that… is this Mike Ashley version of Newcastle United, with Steve Bruce as manager, that flirted with relegation for probably two-thirds of the season from November, December onwards last season, only got out because of a Joe Willock-inspired goalscoring ridiculous form from midfield – is that Newcastle United capable of staying in the Premier League for the next two seasons?
“You’ve got to have question marks about it. So, that will be my biggest concern moving forward – is how long this takes, and if Newcastle United can remain a Premier League club in the meantime.”
TIF Thoughts on Liam Kennedy’s comments about the Newcastle United takeover…
It certainly does become a major concern after the club flirted with relegation last season before ending up a comfortable 12th thanks to being rescued by loanee Joe Willock as Kennedy points out, that they could get dragged back into it again.
And if they aren’t in the Premier League, then there are some claims to suggest that the value of the club would fall dramatically as a result, so it is certainly in Ashley’s best interest to keep the club afloat and competitive in the division for the sake of his money when it comes to the takeover.
Whether or not he will end up doing that over the course of the season, we’ll just have to wait and see.