S
SEARCH
M
SW
Collect News Data

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

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

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.

body check tags ::

amp_article__446296 : Collect and Make Data not in DataBase  : 
last updated article - 2021-05-06 17:18:17:
html db last update - 2021-05-06 17:08:06 :

ex - 7200 : read : write cache and make html

Click here for more stories about Mike Ashley

Click here for more stories about Newcastle United

Share this article now:

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!
Read more about Mike Ashley Football
Recommended Next on SM
Steve Bruce: 'Newcastle players running on empty'
Man United 'lining up £40m offer for Raphael Varane'
Man City 'put together four-man striker shortlist'
Premier League gameweek 36 predictions including West Brom vs. Liverpool
Premier League Table
TeamPWDLFAGDPTS
CManchester CityMan City35255572264680
2Manchester UnitedMan Utd362010670422870
3Leicester CityLeicester362061065442166
4Chelsea361810855332264
5Liverpool35179961412060
6West Ham UnitedWest Ham351771155451058
7Tottenham HotspurSpurs351681161412056
8Everton35168114642456
9Arsenal361671350381255
10Leeds UnitedLeeds35155155353050
11Aston Villa35147144941849
12Wolverhampton WanderersWolves35129143547-1245
13Crystal Palace35118163759-2241
14Southampton35117174462-1840
15Burnley35109163347-1439
16Newcastle UnitedNewcastle35109164058-1839
17Brighton & Hove AlbionBrighton35813143641-537
RFulham35512182547-2227
RWest Bromwich AlbionWest Brom35511193268-3626
RSheffield UnitedSheff Utd3552281862-4417
Scroll for more - Tap for full version

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Premier League Table
TeamPWDLFAGDPTS
CManchester CityMan City35255572264680
2Manchester UnitedMan Utd362010670422870
3Leicester CityLeicester362061065442166
4Chelsea361810855332264
5Liverpool35179961412060
6West Ham UnitedWest Ham351771155451058
7Tottenham HotspurSpurs351681161412056
8Everton35168114642456
9Arsenal361671350381255
10Leeds UnitedLeeds35155155353050
11Aston Villa35147144941849
12Wolverhampton WanderersWolves35129143547-1245
13Crystal Palace35118163759-2241
14Southampton35117174462-1840
15Burnley35109163347-1439
16Newcastle UnitedNewcastle35109164058-1839
17Brighton & Hove AlbionBrighton35813143641-537
RFulham35512182547-2227
RWest Bromwich AlbionWest Brom35511193268-3626
RSheffield UnitedSheff Utd3552281862-4417
Scroll for more - Tap for full version
. . . . . . . . . . . . . . .
X

We value your privacy

A part of our GDPR compliance we need to ask for your consent. We and our partners use technology such as cookies on Sports Mole to personalise content and ads, provide social media features, and analyse our traffic. Click below to consent to the use of this technology on Sports Mole.