The Premier League arbitration listening to into the possession of Newcastle has been adjourned till subsequent 12 months.
Each events have agreed to go to arbitration in early 2022 resulting from points with the disclosure of proof.
The information will come as an enormous disappointment to Newcastle followers, who had been hoping the proposed takeover by financier Amanda Staveley’s agency PCP Capital Companions and Saudi Arabia’s Public Funding Fund may undergo earlier than the brand new season.
Nevertheless, the choice means present proprietor Mike Ashley shall be in command of switch exercise this summer season and can most likely stay in place all through the upcoming season.
A joint assertion from Newcastle and the Premier League on Monday learn: “The events attended a listening to as we speak within the case between Newcastle United and the Premier League.
“The primary listening to of the arbitration has regrettably now been adjourned till early 2022 resulting from points with the disclosure of proof.
“The events shall be making no additional remark at the moment.”
The tribunal is designed to resurrect the bid for Newcastle – which faltered final summer season when the Premier League requested for extra data concerning the bid.
The consortium withdrew its provide in consequence however has maintained its curiosity in a deal.
And the Premier League’s resolution prompted Ashley to take the dispute to an arbitration panel.
Round 300 Newcastle supporters journeyed to London final Friday to protest in regards to the truth they really feel they’re being ‘stored at nighttime’ in regards to the course of.
Staveley has referred to as on the federal government to behave urgently and make sure the Premier League’s resolution over the longer term possession of the membership is clear.