Keegan seems to have won his case, with Mike Ashley trying to settle out of court
Keegan is adamant that he was effectively forced from his role as manager after players were allegedly signed without his agreement, has been pressing for compensation of £8m to cover the three years which remained on his contract.
In response, Newcastle have argued that he broke his terms of employment by walking out.
But .... Ashley offered him £2m ... so the odds are heavily stacked in KKs favour.
Suggestions that a sizeable award being made to Keegan could push Newcastle into administration have been dismissed by City sources.
Barry Moat and his consortium hope to complete a takeover of Newcastle, but the Tyneside businessman has been awaiting the panel's decision before proceeding further.