LONDON (REUTERS) - Mike Ashley has agreed to sell Newcastle United to Abu Dhabi's billionaire Sheikh Khaled bin Zayed Al Nehayan for £350 million (S$612 million), the Sun reported late on Sunday (May 26).
The contracts between Ashley and Sheikh Khaled have been signed and submitted to the Premier League, according to the report.
Ashley, who bought a controlling stake in the Premier League club in 2007, has in the past tried to sell the club.
Ashley, who owns British sportswear retailer Sports Direct International Plc said last October that he had not received any acceptable offers for Newcastle, a year after he officially put the club up for sale, but told Sky News in December that talks on a deal had made promising progress.
Any potential buyer of the club must be able to provide transfer funds, he had said at the time.
Sheikh Khaled, the cousin of Manchester City owner and Arab billionaire Sheikh Mansour bin Zayed Al Nahyan, previously failed in his bid to buy Liverpool Football Club for £2 billion last year, the Daily Mail has previously reported.
Sheikh Khaled is also the founder of Bin Zayed Group, a leading conglomerate with diverse business interests in the local and international markets.
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Newcastle United, the Premier League and the Bin Zayed Group did not immediately respond to Reuters' requests for comments.
SINGAPORE - Ikhsan Fandi's rich vein of scoring form continues as the Singapore striker found the net in his third consecutive match for second-tier Norwegian club Raufoss IL in just 11 days..
Football: Ikhsan Fandi scores in third successive match for
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05/22/2019 Comments Off on Football: Ikhsan Fandi scores in third successive match for Raufoss SINGAPORE - Ikhsan Fandi's rich vein of scoring form continues as the Singapore striker found the net in his third consecutive match for second-tier Norwegian club Raufoss IL in just 11 days.
Football: Ikhsan Fandi scores in third successive match for
Napoli goalkeeper David Ospina has been discharged from hospital and is recovering from his frightening collapse after a knock to Napoli keeper Ospina out of hospital after head injury scare .
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FIFA President, Gianni Infantino, said a majority of national soccer federations were in favour of expanding the 2022 World Cup in Qatar to 48 teams. Infantino said a decision would be made by March, although it was still not clear whether an enlarged tournament would be feasible as it would be
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DOHA — FIFA President Gianni Infantino said on Thursday that a majority of national football federations were in favour of expanding the 2022 World Cup in Qatar to 48 teams.Infantino said a decision would be made by March, although it was still not clear whether an enlarged tournament would be feasible as it would be "difficult" to stage in Qatar alone.
Infantino says he has wide support for 48-team World Cup in
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