Arab Sheikh looking to take over Newcastle in £350m deal insists he DOES have funds and terms have been agreed


NEWCASTLE’S potential new owners have rubbished claims they don’t have £350million to buy the club.

Sheikh Khaled bin Zayed Al Nehayan is in negotiations to buy the North East club from Mike Ashley, as SunSport exclusively revealed on Sunday.

Sheikh Khaled bin Zayed Al Nahyan’s company is in line to buy Newcastle

The Bin Zayed Group have been under close scrutiny for the last 48 hours, after they failed in an attempt to buy Liverpool last year.

That Anfield bid never got past the first phase of negotiations, but talks with Ashley’s camp are certainly far more advanced, with terms already agreed between the two parties.

According to Newcastle’s Evening Chronicle, the Bin Zayed Group see completion of the deal in terms of “when” not “if”.


They also claim they HAVE provided the crucial proof of funds for the deal to go ahead.

Newcastle have refused to deny claims the takeover is bound to happen and parties appear confident it will happen.

There has, as yet, been no documentation submitted to the Premier League.

The club still want Rafa Benitez to sign a new contract as Toon manager despite the change of ownership.

Newcastle have been given four weeks to get their act together on the football side of the club and the potential new owners are happy to keep the 2005 Champions League-winning boss on.

Current managing director Lee Charnley is determined to get Benitez’s future sorted in case the takeover drags on or falls through.

The Spaniard’s contract expires on June 30 and he held talks with Ashley in London on May 16.

SunSport exclusively revealed the Newcastle takeover
The Sun
The potential new owners are understood to be keen to keep Rafa Benitez on
Rex Features
Mike Ashley and Lee Charnley are confident the takeover will go through
Rex Features


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