MX23RW : Friday, July 5 08:15:26| >> :120:53470:53470:

Newcastle United take Premier League to Competition Appeal Tribunal over failed takeover

Newcastle take Premier League to Competition Appeal Tribunal over failed takeover
© Reuters
The UK Competition Appeal Tribunal (CAT) says it received a claim from the club on April 22.

Newcastle have taken the Premier League to the Competition Appeal Tribunal over the collapse of the takeover of the club last year.

The UK Competition Appeal Tribunal (CAT) says it received a claim for damages and/or an injunction from Newcastle owner Mike Ashley's St James Holdings company on April 22, under section 47A of the Competition Act 1998.

The Saudi Arabian-backed consortium ended its bid to buy Newcastle in July last year.

The group, which included Saudi Arabia's sovereign wealth fund PIF, PCP Capital Partners and Reuben Brothers, had agreed a £300million deal to buy the club in April.

But the deal was still being scrutinised under the Premier League's owners' and directors' test 17 weeks later when the consortium withdrew its interest.

The claim says the Premier League "prevented, or hindered, the proposed takeover and knew that its actions would prevent and/or delay the proposed takeover".

Ashley bought the Magpies for £134.4million in 2007, but has been trying to sell it for much of the time since.

As far as he was concerned last year, a deal which he believed could give the club the spending power he has been unable to provide had been done.

The Premier League declined to comment on the matter when contacted by the PA news agency.

The CAT is a specialist judicial body which hears and decides cases involving competition or economic regulatory issues.

ID:446296: cacheID:446296:1false2false3false:QQ:: from db desktop :LenBod:restore:2219:
Restore Data
Share this article now:
Newcastle United manager Steve Bruce pictured on March 7, 2021
Read Next:
Steve Bruce: 'Newcastle players running on empty'
>
Read more about Mike Ashley Football
rhs 2.0
Euro 2024 fixtures header
Friday, July 5
 
5pm
Quarter-Finals
Spain
vs.
Germany
 
8pm
Quarter-Finals
Portugal
vs.
France
Saturday, July 6
 
5pm
 
8pm
Tuesday, July 9
Wednesday, July 10
Sunday, July 14
Tables header RHS

Group A

TeamPWDLPTS
Q Germany Germany32107
Q Switzerland Switzerland31205
3 Hungary Hungary31023
4 Scotland flag Scotland30121

Group B

TeamPWDLPTS
Q Spain Spain33009
Q Italy Italy31114
3 Croatia Croatia30212
4 Albania national flag Albania30121

Group C

TeamPWDLPTS
Q England flag England31205
Q Denmark Denmark30303
Q Slovenia Slovenia30303
4 Serbia Serbia30212

Group D

TeamPWDLPTS
Q Austria Austria32016
Q France France31205
Q Netherlands Netherlands31114
4 Poland Poland30121

Group E

TeamPWDLPTS
Q Romania Romania31114
Q Belgium Belgium31114
Q Slovakia Slovakia31114
4 Ukraine Ukraine31114

Group F

TeamPWDLPTS
Q Portugal Portugal32016
Q Turkey Turkey32016
Q Georgia Georgia31114
4 Czech Republic Czech Republic30121


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!