Sheikh Khaled reportedly agrees terms to buy Newcastle

Tuesday, 28 May 2019 16:30

Terms have been agreed for the purchase of Newcastle United Football Club by Sheikh Khaled Bin Zayed Al Nahyan.

That's according to a statement released by the Dubai-based business leader's Bin Zayed Group, which says that discussions are ongoing with the owner of the Premier League outfit, Mike Ashley.

It's following reports that emerged in recent days claiming that a deal worth around AED 1.6 billion was close to being agreed.

Despite going 50 years without winning a major trophy, Newcastle are one of England's best-supported sides, with their St. James' Park stadium holding 52,000 people.

More from Sports News

Games of the Future open in Abu Dhabi

The UAE has officially opened the Games of the Future Abu Dhabi 2025.
FIFA agrees 50% rise in prize money for 2026 World Cup

Prize money for next year's World Cup will be 50 per cent higher than the previous edition with world governing body FIFA agreeing a record $727 million financial contribution to the tournament on Wednesday.
India-South Africa T20 game called off due to fog

The fourth T20 international between India and South Africa in Lucknow on Wednesday was called off without a ball being bowled due to excessive fog at the Ekana Cricket Stadium.
Dubai Basketball suffers home defeat to Maccabi Tel Aviv in EuroLeague

Dubai Basketball suffered their first home defeat at Coca-Cola Arena since February, falling 95:97 to Maccabi Tel Aviv in a tightly contested EuroLeague Round 16 matchup.
Khawaja defies the obituaries with half-century in third Ashes Test

Usman Khawaja proved reports of his demise as an international cricketer were greatly exaggerated as he scored a defiant half-century on Wednesday to steady Australia on day one of the third Ashes Test against England.