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The Premier League desires Newcastle United’s Anti-Competitors (CAT) case to be thrown out as a result of they really feel it covers lots of the identical arguments because the unbiased arbitration case, which has been underway for a lot of this yr.
Representing the Premier League, Adam Lewis QC stated it was pointless to carry each arbitration and CAT hearings concurrently, as a victory within the arbitration case would make the CAT case pointless, whereas defeat would render it unattainable.
Mike Ashley is claiming for damages and losses by CAT after insisting the Saudi-backed takeover was rejected by the Premier League final yr.
The Premier League maintains they by no means rejected the takeover and are awaiting additional info from the consortium as to whether or not they can show a transparent distinction between the Saudi ingredient of the consortium (Saudi Public Funding Fund, 80 per cent) and the Saudi state itself. Solely then, they are saying, can they full their Homeowners & Administrators Check.
Mike Ashley has been trying to promote Newcastle for the previous variety of years
On the listening to this morning, the Premier League additionally stated Ashley and his holding firm St James’ Holdings (SJH) have but to endure any loss or harm because the arbitration case relating to whether or not the takeover might be pushed by or not continues to be ongoing.
QC Lewis claimed it was an “abuse of course of” to begin the claims on the identical time.
A few of this morning’s proof was held in personal because the dwell stream was halted. It is because it might have prejudiced the unbiased arbitration, and abided guidelines surrounding takeovers.
Mr Justice Miles, main the panel, stated the matter was of great public curiosity, however agreed to listen to a piece in personal whereas the stream was turned off.
Representing Newcastle United, Nick de Marco QC reiterated the membership’s stance that they wished all proof from each instances heard in public. We’re but to listen to his argument in the way in which of proof.
Throughout this morning’s listening to it was confirmed that the overriding arbitration would resume on January 3. The case had been paused in July on account of points with the disclosure of knowledge.
The CAT listening to is ongoing.
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