A general view outside St James' Park, Newcastle April 15, 2020 — Reuters pic
Newcastle United's arbitration proceedings against the Premier League over last year's aborted takeover attempt have been adjourned until early 2022 due to "issues with the disclosure of evidence", the Premier League club said on Monday (Jul 19).
The proposed 305 million pound (US$417.06 million) takeover by a consortium which included Saudi Arabia's sovereign wealth fund PIF, PCP Capital Partners and the Reuben Brothers collapsed in July when the group announced they were ending their interest.
Newcastle owner Mike Ashley had initiated legal proceedings against the Premier League earlier this year, accusing the league of acting inappropriately in rejecting the takeover bid.
"The parties attended a hearing today in the case between Newcastle United and the Premier League," the club said.
"The main hearing of the arbitration has regrettably now been adjourned until early 2022 due to issues with the disclosure of evidence."
The deal had initially been delayed by the Premier League's owners and directors test.
The league's chief executive Richard Masters said at the time that it collapsed after the consortium declined to take up the Premier League's offer of independent arbitration to decide who would own the club.
The bid had been criticised by human rights campaigners and had raised questions about pirate broadcasts of Premier League games in Saudi Arabia.
Afghan Women Speaks on Unyielding Hope of Restoring Their Homeland
QF to Host Education-Focused Virtual Events at United Nations General Assembly and Global Goals Week
Outsourcing Physical Therapists for Enlisted Jobs in Qatar
Qatar SC wins HH the Amir’s Table Tennis Cup 2020-2021 season
Pfizer: Know all about the Covid-19 vaccine and its usage in Qatar
FIFA’22 over Covid-19: Qatar limbers up for the World Cup amidst a worldwide pandemic
Top 5 Art Galleries You Must Explore in Qatar
The Expert Outsourcing Service in Qatar That Guides You in Employing a Qualified Graphic Designer