Home Cat owner Newcastle United owner Mike Ashley’s case against the Premier League over and judgment to follow | Football news

Newcastle United owner Mike Ashley’s case against the Premier League over and judgment to follow | Football news

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Mike Ashley’s Competition Appeal Tribunal (CAT) case against the Premier League has come to an end, with the panel saying it will “carefully review” before delivering judgment at a later date.

Ashley – through her holding company St James ‘Holdings’ Ltd (SJHL) and not Newcastle United – is seeking damages through CAT over what he claims is an unwarranted rejection of the Saudi-backed takeover by the Premier League last summer.

During today’s hearing, QC Daniel Jowell, representing SJHL, said the losses were “substantial and exceed £ 10million – Mr Jowell calculated this as the difference between the Fund’s offer Saudi Public Investment (PIF) from last summer and Newcastle United’s current market value.

He also claimed there was no evidence the same deal remained on the table for the Saudi-backed consortium, which agreed to buy the club from Ashley for £ 300million ago. 18 months.

He criticized the Premier League, saying they were wrong in their “decision”, but added that “if they come to their senses and reverse their decision tomorrow, we hope and prepare to move on from there. ‘before under similar conditions “.

In his testimony, Mr Jowell also referred to an earlier “threat” from the Premier League to ban Newcastle from playing top football during the takeover saga, and claimed that the PL was swayed to both by BeIn Sports and other PL clubs.

Earlier today, the Premier League appealed for the case to be dismissed, saying it “goes on the same ground” as the overall independent arbitration case, which we learned today is it was scheduled for the first week of January 2022.

Represented by Adam Lewis QC, the Premier League said it was an “abuse of process” to launch the two demands simultaneously.

The Premier League also questioned why the complainant (Ashley) was represented at the hearing by Newcastle United (in the form of Nick De Marco QC) and St James Holdings Ltd.

The three-person panel withdrew to consider its verdict, with SJHL asking the case to move forward with an administrative hearing in the New Year.

Ashley claims the takeover was rejected by the Premier League last summer, while the league has said from the start that it cannot pass the takeover via the owners and directors test as long as it is will not have received further information regarding PIF and whether there is a clear distinction between the consortium and KSA (Kingdom of Saudi Arabia).