Dubai group talking to Newcastle buying say they have provided proof of funds

Dubai Group in talks with Newcastle buying say they have provided proof of money to Mike Ashley for £ 350m acquisition

  • A statement also says that future owners are the & # 39; fit-and-correct & # 39; process support
  • Sportsmail understands that the Premier League has no document with proof of payment
  • A & # 39; heads of agreement & # 39; document is only signed and archived with the competition
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The Dubai-based group negotiating to purchase Newcastle United claims to have provided evidence of money to Mike Ashley prior to a proposed £ 350 million acquisition.

In a statement circulated by Midhat Kidwai, the managing director of the Bin Zayed Group also said that they assisted the Premier League in their & # 39; fit-and-correct & # 39; process.

Sportsmail understands that this is not the case and the Premier League has not received anything from the group in connection with a process that would determine whether they meet the & # 39; criteria owner and directors & # 39 ;.

Representatives of Sheik Khaled (photo) claimed that Mike Ashley has received proof of money

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Representatives of Sheik Khaled (photo) claimed that Mike Ashley has received proof of money

Sources near the club have confirmed that a & # 39; heads of agreement & # 39; document has been submitted by Newcastle to the Premier League and signed by both parties.

However, this only informs them that a price has been agreed and does not lead to a formal takeover process that must be checked and approved by the competition.

There is actually some confusion between different sources about how a group led by Sheik Khaled bin Zayed, and apparently represented by Kidwai, conducts their affairs through the media.

One source pointed out that if Ashley had seen the evidence of money on April 17, as they claim, why did he negotiate a new contract with manager Rafa Benitez in the last two weeks, who knew nothing of the proposed acquisition until this week?

Newcastle owner Ashley has tried the club in the recent past and did not sell it

Newcastle owner Ashley has tried the club in the recent past and did not sell it

Newcastle owner Ashley has tried the club in the recent past and did not sell it

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There is also concern that within the statement the Dubai group claims to assist the Premier League by providing all relevant information when sources claim that the process has not even begun.

There is increasing pressure on the club to clarify their position, although they are tentative about their attitude of & # 39; no comment & # 39; to maintain.

The Bin Zayed Group's Wednesday statement reads: & Considering the many speculations regarding the timelines of the acquisition of Newcastle United Football Club by Bin Zayed Group, we feel the need to issue this statement.

& # 39; The terms have been agreed between us and Mike Ashley; these conditions are set out in a document signed by both parties and sent to the Premier League.

Ashley has negotiated a new contract with the Newcastle manager, Rafa Benitez

Ashley has negotiated a new contract with the Newcastle manager, Rafa Benitez

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Ashley has negotiated a new contract with the Newcastle manager, Rafa Benitez

& # 39; The statement regarding the money was forwarded to Mike Ashley's attorneys on April 17, 2019.

& # 39; The so-called fit-and-correct Premier League process is a standard procedure that takes time, and we do everything we can to assist the Premier League during this process.

& # 39; We need to clarify this point so that fans and the general public understand the timelines. & # 39;

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