As we await the arbitration result, the Newcastle United takeover saga still seems a long way from its conclusion.

It’s been just over a month since the club last provided fans with a takeover update.

That came after they lost two high court rulings ahead of the impending arbitration case.

Mike Ashley is desperate to sell the club, and he is desperate to sell it to Amanda Staveley’s consortium.

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(Photo by LINDSEY PARNABY / AFP) (Photo by LINDSEY PARNABY/AFP via Getty Images)

He would have done just that last summer, had it not been for the Premier League.

But the prolonged Owners’ and Directors’ test forced the Public Investment Fund to walk away, leaving Newcastle in limbo.

That forced Ashley into legal action, proving just how committed he is to selling the club to PCP Capital Partners.

He sees them as his route out of St James’ Park, and knows they have the money to take the club off his hands.

 

When will arbitration be completed?

The next step for the Newcastle takeover is arbitration. Nothing will happen until that is completed.

And unfortunately for Toon fans, the Chronicle claim it could be a few months before we get a result.

They report that the bidding side believe there won’t be an arbitration result until the summer at the earliest, and it certainly won’t come before the end of the season.

(Photo by Lee Parker – CameraSport via Getty Images)

That could have a huge impact on Newcastle going into next season.

The Magpies took a big step towards survival at the weekend, beating Burnley 2-1 to move six points clear of the drop.

But if they are forced to prepare for next season under Ashley’s ownership, it seems as though little will change.

There won’t be much money to spend on players, while Ashley will likely stick with Steve Bruce until the club’s future is resolved.

The wait goes on for a conclusion to the Newcastle takeover saga.

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