Had everything gone to plan, the takeover would have gone through and PCP Capital Partners would own Newcastle United right now.
Alas, we are now awaiting news from the courts.
With the takeover not getting approval from the Premier League, Mike Ashley has gone down the legal route to try and get the deal back on track.
Arbitration has been delayed until early 2022, but today is an important day for Ashley’s other legal challenge.
A hearing will take place regarding the CAT case, where the Premier League will argue why it should be thrown out.
If the case goes in Newcastle’s favour, it should go ahead and give the club their day in court. Of course, the Premier League could always appeal the decision. But a win for the Magpies has to be seen as a positive – even if it won’t necessarily unlock the door to a takeover going through.
But where do PCP Capital Partners stand in all of this?
PCP watch on with hope
According to Newcastle World, Amanda Staveley’s stance is one of helplessness. While PCP are hopeful, they will not be able to influence proceedings.
The CAT case is between Newcastle United and the Premier League.
Like the fans, the consortium will simply have to sit back and see what the hearing brings.
But Newcastle World add that PCP remain committed to the deal. That backs up what Staveley said over the summer.
In an interview with TalkSPORT, she said the deal will get done.
We’ve had silence since the arbitration delay. Before then we were hearing more and more from Staveley, while her husband was often vocal on Twitter.
However, Mehrdad Ghodoussi hasn’t tweeted about the Magpies since arbitration was delayed. On July 19th he wrote: “There’s only one party playing games here.”
The Reubens are reportedly still confident about buying the club, while PIF remain silent.
Today’s jurisdiction hearing will be live-streamed, meaning the public can witness exactly what happens. But will it bring news? We live in hope.
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