Sheikh Khaled representatives confirm that he has reached & # 39; agreement & # 39; to buy Newcastle United from Mike Ashley and works & # 39; hard & # 39; to close the deal
- Representatives of Sheikh Khaled say they have agreed terms and conditions to buy Newcastle
- Sportsmail revealed on Sunday that a £ 350 million acquisition was close by
- Sheikh Khaled is the cousin of Sheikh Mansour, owner of the city of Manchester
- The statement adds that conditions have been agreed with current owner Mike Ashley and that they are working hard to complete the transaction & # 39;
Representatives of billionaire Sheikh Khaled Bin Zayed Al Nahyan have confirmed that they have made & # 39; agreements with Newcastle owner Mike Ashley and working on a deal for the club.
The closest employee of Sheik Khaled, who is a member of the Emirates that governs Abu Dhabi, said against Sportsmail on Sunday evening an agreement was concluded with current Newcastle owner Mike Ashley.
And a statement released on Monday by the Bin Zayed Group, of which Sheikh Khaled is chairman, confirms that conditions have been agreed.
The representatives of Sheik Khaled say he has made arrangements with Mike Ashley to buy Newcastle
Newcastle owner Mike Ashley has tried the club in the recent past and not sold it
& # 39; We can confirm that His Highness Sheikh Khaled Bin Zayed Al Nahyan representatives are talking to Mike Ashley and his team about the intended acquisition of Newcastle United Football Club, & # 39; is the explanation.
Who is Sheikh Khaled bin Zayed Al Nehayan?
Sheikh Khaled bin Zayed Al Nehayan is a member of the ruling family of Abu Dhabi and a half-brother of Sheik Mansour, owner of the city of Manchester.
He holds a PhD from King & # 39; s College London from the Department of War Studies and a PhD in finance from Michigan State University.
He founded his company, the Bin Zayed Group, in 1988.
Although his precise wealth is unclear, he is supposed to be a billionaire and has interests in the construction, energy and real estate sectors, among others.
& # 39; We see it as an honor to have the opportunity to build on the strong support, history and tradition of the club.
& # 39; We have agreed terms and conditions and are working hard to complete the transaction as quickly as possible. & # 39;
The confirmation came after a day of crazy speculation about Tyneside Sportsmail & # 39; s reported that the Dubai-based businessman, the cousin of the owner of the city of Sheikh Mansour, owned almost a £ 350 million acquisition in St James & Park.
Newcastle declined to comment, but sources on Tyneside indicated that there was an interest, although there was still reason to be covered before a deal could be finalized.
The current owner Mike Ashley, who bought the club for £ 134.4 million in 2007, has offered it for sale three times since the last time in October 2017.
Earlier bids to take it off your hands under the leadership of Amanda Staveley and Peter Kenyon did not come to fruition.
Dubai-based businessman Sheikh Khaled is the cousin of Man City owner Sheikh Mansour (R)
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