Newcastle Drops £340M Sale Suit Against Premier League
By Joyce Hanson (October 13, 2021, 12:44 AM BST) -- Newcastle United's former owner has dropped his lawsuit over the Premier League's blocking of a planned £340 million ($457 million) sale of the English football club to Saudi Arabia's sovereign wealth fund, following the league's approval of the takeover upon assurances the Saudi state won't control the club.
Billionaire football club owner Mike Ashley, whose firm St James Holdings Ltd. had lodged an antitrust claim before the Competition Appeal Tribunal in April, asked the tribunal in a letter Friday for permission to withdraw its case. With the consent of the Premier League, the tribunal that same day ordered the entirety of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!