Newcastle owner Mike Ashley says ‘dark forces’ have held back club from becoming ‘powerhouse’

Businessman has initiated legal proceedings against the Premier League over an aborted takeover attempt

Shrivathsa Sridhar
Friday 07 May 2021 11:54 BST
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Newcastle owner Mike Ashley watches his side from the stands
Newcastle owner Mike Ashley watches his side from the stands (Getty Images)

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Newcastle owner Mike Ashley has said it is time to overcome the “dark forces” preventing the club from succeeding, after beginning legal proceedings against the Premier League.

It is the second legal action the British businessman has initiated against the competition over a failed takeover attempt by a Saudi Arabian-backed consortium last year.

The proposed £300million takeover collapsed in July, with Premier League Chief Executive Richard Masters saying the bid failed after the consortium declined an offer of independent arbitration and withdrew.

In September, Newcastle accused the league of acting inappropriately in rejecting the takeover bid, based on an owners and directors’ test, and said they would be “considering all relevant options available”.

“It’s now time for the dark forces that are preventing this football club from becoming the powerhouse that the fans deserve to step aside,” Ashley said in a statement to the British media on Thursday.

A Premier League representative was not immediately available to respond to an emailed request for comment.

The UK competition appeal tribunal (Cat) said in a statement released on Thursday that it received a claim for damages last month from Ashley’s St James Holdings Limited against the Premier League.

“The claimant alleges that the defendant (Premier League) prevented, or hindered, the proposed takeover and knew that its actions would prevent and/or delay the proposed takeover,” a court document stated.

The claimant seeks “damages for loss of profit or, alternatively, loss of opportunity,” the document said.

Reuters

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