English Premiership

Newcastle tight-lipped over sale rumours

2019-05-27 14:25
Mike Ashley (TEAMtalk)

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 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.

 

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