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Newcastle United take Premier League to Competition Appeal Tribunal over failed takeover

:Headline: Newcastle United take Premier League to Competition Appeal Tribunal over failed takeover:
The UK Competition Appeal Tribunal (CAT) says it received a claim from the club on April 22.
Sports Mole

Newcastle have taken the Premier League to the Competition Appeal Tribunal over the collapse of the takeover of the club last year.

The UK Competition Appeal Tribunal (CAT) says it received a claim for damages and/or an injunction from Newcastle owner Mike Ashley's St James Holdings company on April 22, under section 47A of the Competition Act 1998.

The Saudi Arabian-backed consortium ended its bid to buy Newcastle in July last year.

The group, which included Saudi Arabia's sovereign wealth fund PIF, PCP Capital Partners and Reuben Brothers, had agreed a £300million deal to buy the club in April.

But the deal was still being scrutinised under the Premier League's owners' and directors' test 17 weeks later when the consortium withdrew its interest.

The claim says the Premier League "prevented, or hindered, the proposed takeover and knew that its actions would prevent and/or delay the proposed takeover".

Ashley bought the Magpies for £134.4million in 2007, but has been trying to sell it for much of the time since.

As far as he was concerned last year, a deal which he believed could give the club the spending power he has been unable to provide had been done.

The Premier League declined to comment on the matter when contacted by the PA news agency.

The CAT is a specialist judicial body which hears and decides cases involving competition or economic regulatory issues.

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Premier League Table
TeamPWDLFAGDPTS
1Liverpool16123137162139
2Chelsea17105237191835
3Arsenal1796234161833
4Nottingham ForestNott'm Forest179442319431
5Bournemouth178452721628
6Aston Villa178452626028
7Manchester CityMan City178362925427
8Newcastle UnitedNewcastle177552721626
9Fulham176742422225
10Brighton & Hove AlbionBrighton176742726125
11Tottenham HotspurSpurs1772839251423
12Brentford177283232023
13Manchester UnitedMan Utd176472122-122
14West Ham UnitedWest Ham175572230-820
15Everton163761421-716
16Crystal Palace173771826-816
17Leicester CityLeicester173592137-1614
18Wolverhampton WanderersWolves1733112740-1312
19Ipswich TownIpswich172691632-1612
20Southampton1713131136-256
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