Oak Maedow Phuket BRITISH INTERNATIONAL SCHOOL, PHUKET Kata Rocks
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search


Dubai group ‘agree terms’ for Newcastle takeover

Dubai group ‘agree terms’ for Newcastle takeover

FOOTBALL: Representatives of Dubai-based Sheikh Khaled Bin Zayed Al Nahyan said Monday (May 27) they had “agreed terms” with Newcastle United owner Mike Ashley, moving closer to completing a deal to buy the Premier League club.

FootballPremier-League
By AFP

Tuesday 28 May 2019, 09:23AM


Sheikh Khaled Bin Zayed Al Nahyan has reportedly agreed terms to buy Newcastle United. Photo: AFP

Sheikh Khaled Bin Zayed Al Nahyan has reportedly agreed terms to buy Newcastle United. Photo: AFP

A statement from billionaire Sheikh Khaled’s Bin Zayed Group 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 have agreed terms and are working hard to complete the transaction at the earliest opportunity.”

The statement said Sheikh Khaled considered it “an honour to have the opportunity to build on the strong support, history and tradition of the club”.

Reports at the weekend said Sheikh Khaled, a relative of Manchester City owner Sheikh Mansour, was close to sealing a £350 million takeover.

Thai Residential

A spokesman for the club “politely declined” to comment, but sources close to the club have indicated there was interest but many ends still needed to be tied up before a deal could go ahead.

Ashley, the founder of the Sports Direct retail chain, bought the club for £134.4 million in 2007 but has faced a string of protests from supporters disgruntled at what they see as a lack of investment in players.

He has put Newcastle up for sale three times but every bid has failed to produce a deal.

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

CAPTCHA

Be the first to comment.

 

Have a news tip-off? Click here

 

Phuket community
Nightlife to resume, some foreigners allowed in

HubertK..The UAE is a muslim country, isnt it ? Malaysia is a muslim country, isnt it ? I saw many g...(Read More)


EU opens borders to ‘safe’ countries including Thailand

@Kurt,they are still waiting for the results of a survey among foreign retirees on the subject of wh...(Read More)


July 27 gets nod as Songrkan substitute holiday

@Kurt No shop is forced to close !...(Read More)


NACC lays ‘light’ blame on police for Red Bull heir’s escape

"mild dereliction of duty" allowing a cop killer to get away with murder, don't see mu...(Read More)


Phuket tourism industry told to ‘ready for beach holiday tourists’

Yet today TAT put out infographic that bubble countries have to be 60 days without cases and the lim...(Read More)


COVID lockdown fails to curtail Phuket road deaths

It would help if Thai people kept their running lights on at all times. Lucky if you can get them to...(Read More)


PHUKET XTRA: VIDEO: Thailand nightlife gears up for restart! Phuket road deaths steady? || June 29

Probably come done if the Thai people drove with running lights on all the time. Let alone try to ge...(Read More)


Beach tourists eyed for August

What Thai Travel bubble scheme? 'Signs may be to start international market' in August ( wha...(Read More)


Nightlife to resume, some foreigners allowed in

Yes Mr.Kurt,you are not obliged to fast in "Muslim countries".But you are obliged to some ...(Read More)


EU opens borders to ‘safe’ countries including Thailand

European Union came out with a list of 'bubbles' countries. Thailand already talks long time...(Read More)