Sheikh Khaled bin Zayed has revealed he has ‘agreed terms’ with Newcastle United owner Mike Ashley to buy the club.
Sheikh Khaled is a senior member of the Abu Dhabi royal family and cousin of Manchester City’s Arab owner Sheikh Mansour. Last year he failed in a £2billion takeover of Liverpool.
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Mike Ashley is reportedly close to agreeing a sale for Newcastle United
Midhat Kidwai, the managing director of the Bin Zayed Group, issued a statement on Monday afternoon confirming the talks were taking place earlier in the day.
“In response to numerous reports in the world media this morning, we would like to comment as follows,” the statement read.
“We can confirm the representatives of his Highness Sheikh Khaled Bin Zayed Al Nahyan are in discussions with Mike Ashley and his team about the proposed acquisition of Newcastle United Football Club.
“We view it as an honour to have the opportunity to build on the strong support, history and tradition of the club.
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The Newcastle fans have taken umbrage with Ashley’s ownership of the club
“We have agreed terms and are working hard to complete the transaction at the earliest opportunity.”
It is understood Ashley wants around £350m for the club he bought 12 years ago.
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