Sheikh Khaled sees Newcastle buy as an 'honour'
LONDON • Newcastle owner Mike Ashley is negotiating the £350 million (S$612 million) sale of the Premier League club to Abu Dhabi billionaire Sheikh Khaled bin Zayed Al Nahyan.
The news has produced much excitement on Tyneside but, despite reports in the Gulf it is a "done deal", there could still be a considerable distance to be covered.
While Newcastle have privately confirmed talks are continuing, Midhat Kidwai, the managing director of the Bin Zayed Group, which Khaled founded, said on Monday night "terms have been agreed".
He added: "We can confirm that representatives of Sheikh Khaled are in discussions with Mike Ashley and his team about the proposed acquisition of Newcastle.
"We view it as an honour to have the opportunity to build on the strong support, history and tradition of the club.
"We have agreed terms and are working hard to complete the transaction at the earliest opportunity."
A spokesman for the club declined to comment but it appears several hurdles remain and there are also caveats.
Despite living in Dubai, Khaled is a member of Abu Dhabi's royal family, and a cousin of Manchester City owner Sheikh Mansour.
It had previously been regarded as unlikely that members of the same ruling family would buy rival football clubs.
Mansour's buyout of City was conducted amid the utmost secrecy and, as a rule of thumb, the takeovers that actually happen tend to be conducted in a similarly clandestine manner, so the leaking of details rings alarm bells.
Moreover any new owner would have to pass the league's owners' and directors' test.
Negotiations may or may not have reached that stage, but the league have adopted Newcastle's public "no comment" stance.
The Magpies' possible switch to Middle Eastern control perhaps explains the impasse over Rafael Benitez's contract extension.
His deal runs on June 30, but he has been in negotiations with Ashley over a new agreement and Khaled is thought to be keen to retain the Spanish manager.
Previous takeover bids by British businesswoman Amanda Staveley and former Chelsea chief executive Peter Kenyon evaporated after entering the due diligence stage.
But regardless of some nagging doubts, Khaled, who is said to have always been a fan of English football and has long harboured ambitions to buy a top-flight club, seems to be being taken much more seriously than most.
THE GUARDIAN
Jurgen Klopp believes his Liverpool squad could not have done more to take their first ever Premier League title after falling just short to Manchester City on the last day of the season.
Football: Son's late winner gives Tottenham edge over Man City in Champions League quarter-final first leg
Son's late winner gives Tottenham edge over Man City
Football: Guardiola expects Man City to suffer in tricky FA
Liverpool manager Jurgen Klopp insists the Premier League title race is something to get excited about rather than stressed about despite seeing his side overhauled by Manchester City in the past week.
Klopp excited by Premier League title fight | Football News
Spurs, Man United, Juventus and Inter heading to Singapore for International Champions Cup Twelve teams will take part in the ICC tournament across venues around the world as teams build up
ICC Singapore 2019 : Man United, Juventus, Spurs, and Inter
futbolita.com/2019/03/28/icc-singapore-2019-man-united-juventus-spurs-inter-set-take-stage/
Singapore, you about to be *shoooooketh* AF for the #ICC. Juventus, Man United, Tottenham, and Inter have all been confirmed to play here in the summer! ⚽️ Watch my highlights for more 😎 PS : Not everyone is fortunate enough to travel or watch their fav teams play, so this one's for them.
Man Utd to play Inter and Spurs to face Juve in International
LONDON (Reuters) - Rescuers ended their search on Thursday for the plane carrying Premier League soccer player Emiliano Sala, which disappeared over the English Channel three days ago, after saying there was little chance anyone aboard had survived. Sala, Cardiff City's new signing, and the plane's
Rescuers end search for plane carrying missing soccer star
Lost in Space is an American science fiction family franchise centered around a television series filmed by 20th Century Fox Television, broadcast on CBS and created and produced by Irwin Allen, who referred to it as "science-fact science fiction".
See All The Satellites And Space Junk Circling Earth In Real
The fallout continues from the incident that saw Aston Villa's Jack Grealish punched by a Birmingham City fan. Only nine minutes into the Second City Derby a yob ran out of the stands and launched
Singapore. 3 in 4 Singapore football fans plan their holidays around sporting events: Expedia. businesstimes.com.sg - Ng Ren Jye. OUT of 500 Singapore football fans surveyed, 76 per cent have planned holidays around sporting events, and nearly half (46 per cent) admitted to …
Expedia Group Football Travel Trends Study Reveals 87% of
MILAN (AFP) - Napoli drew 1-1 with ten-man Genoa on Sunday (April 7) to ensure that Juventus will have to wait another week to seal an eighth consecutive Serie A title.. Read more at straitstimes.com.
Napoli draw puts Juventus coronation on hold - 24matins.uk
Liverpool striker Divock Origi missed the chance to secure three points for the Premier League leaders on Monday night against West Ham. The Reds dropped two crucial points in the title race against the Hammers at the London Stadium, despite taking the lead through a 22nd minute Sadio Mane strike.
Leicester city News - Find Leicester city latest News and Headlines today along with Leicester city Photos and Videos at HindustanTimes.com. All Leicester city News updates and notification on our
Former Football Star Paul Gascoigne Faces Assault Trial For
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment