Newcastle are refusing to comment on claims that owner Mike Ashley is ready to agree a £350million sale of the club. A report has suggested the sportswear tycoon’s protracted search for a buyer is close to coming to an end amid suggestions that Dubai-based billionaire Sheikh Khaled bin Zayed Al Nehayan has negotiated terms to take the club off his hands.
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However, it’s understood that while there has been an expression of interest from Sheikh Khaled, no deal has yet been finalised. The official line from St James’ Park on Monday morning was a firm “no comment” amid of flurry of excited speculation on Tyneside.
There was no word either from the Bin Zayed Group, of which Sheikh Khaled – the cousin of Manchester City owner Sheik Mansour – is chairman. Newcastle has been up for sale for much of the current owner’s 12-year tenure, but was last placed on the market in October 2017 with the Sports Direct supremo admitting he could not afford to take it to the next level.