Sheikh Khaled bin Zayed has not provided proof of funds for his proposed takeover of Newcastle United, reports claim.
The billionaire is a senior member of the Abu Dhabi royal family and is said to be a distant relative of Manchester City’s Arab owner Sheikh Mansour.
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Mike Ashley wants to sell Newcastle for a reported £350million
On Monday, Midhat Kidwai, the managing director of Khaled’s Bin Zayed Group, released a statement claiming they had ‘agreed terms’ with Magpies owner Mike Ashley to end his turbulent 12-year spell on Tyneside.
However, The Daily Mail claim the group has not reached the stage where paperwork is submitted to the Premier League and is yet to provide proof of funds.
Given Ashley’s lack of spending over the years and unpopularity at St James’ Park, Newcastle fans are hoping Khaled, who failed to buy Liverpool in a £2billion deal last summer, could be the man to transform the club’s ambitions.
They have finished 10th and 13th in their two seasons back in the top-flight under Rafa Benitez despite the Spaniard complaining about a lack of backing from the board.
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Newcastle fans are desperate for Rafael Benitez to stay
Benitez’s contract runs out on June 30, and it is believed he wants clarifications from owner Ashley over the club’s ambition before signing fresh terms.
But a takeover from Khaled could see him extend his stay at St James’ Park.
Khaled appears confident of completing the £350million takeover, but Newcastle are privately insisting that a deal is far from close.
A statement released by the Bin Zayed Group, of which Khaled is chairman, said: “We can confirm that 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.
“We have agreed terms and are working hard to complete the transaction at the earliest opportunity.”
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sportsalert.org/2019/03/22/jadon-sancho-handed-first-competitive-three-lions-start-declan-rice-and-callum-hudson-odoi-on-bench/
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LEYTON ORIENT have been promoted back in the Football League following a two-year exodus. The O's needed just a point at home to relegated Braintree to secure their spot back in League Two. Leyton Orient are back in League Two after finishing top of the National LeaguePA:Press Association And there were jubilant celebrations at the […]
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allworldreport.com/sport/leyton-orient-promoted-to-end-two-year-exile-from-the-football-league/
LEYTON ORIENT are celebrating promotion back in the Football League following a two-year exodus. Fans flooded onto the field at the full-time whistle after picking up the vital point they needed at home to Braintree to secure top spot.
Leyton Orient promoted to the Football League to end two-year
gistjunction.com/2019/04/27/leyton-orient-promoted-to-the-football-league-to-end-two-year-exile/
Leyton Orient sealed the National League title after a tense goalless draw at home to Braintree.. The O's suffered a dramatic fall from grace and tumbled out of League Two in 2017 - but they will return to the Football League following their two-year exile.
Leyton Orient promoted to the Football League to end two-year
sportsalert.org/2019/04/27/leyton-orient-promoted-to-the-football-league-to-end-two-year-exile/
they're back The O's were crowned National League champions after their 0-0 draw with Braintree Leyton Orient sealed the National League title after a tense goalless draw at home to Braintree. The O's suffered a dramatic fall from grace and tumbled out of League Two in 2017 - but they will return to the Football
Leyton Orient promoted to the Football League to end two-year
fussboll.com/2019/04/28/leyton-orient-promoted-to-the-football-league-to-end-two-year-exile/
Leyton Orient secured their return to the Football League with a tense goalless draw at home to Braintree.. The O's suffered a dramatic fall from grace and tumbled out of League Two in 2017 - but they will now return to the fourth tier next season after pipping Salford City to the National League title.
Leyton Orient promoted back to Football League as National
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