Cape Town - Newcastle United are remaining tight-lipped over rumours of
an imminent takeover, with reports suggesting owner Mike Ashley is poised to
agree on a £350 million 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.
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
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