Sheikh Khaled bin Zayed has not provided proof of funds for his proposed takeover of Newcastle United, reports claim.
The billionaire is a senior member of the Abu Dhabi royal family and is said to be a distant relative of Manchester City’s Arab owner Sheikh Mansour.
Getty
2
Mike Ashley wants to sell Newcastle for a reported £350million
On Monday, Midhat Kidwai, the managing director of Khaled’s Bin Zayed Group, released a statement claiming they had ‘agreed terms’ with Magpies owner Mike Ashley to end his turbulent 12-year spell on Tyneside.
However, The Daily Mail claim the group has not reached the stage where paperwork is submitted to the Premier League and is yet to provide proof of funds.
Given Ashley’s lack of spending over the years and unpopularity at St James’ Park, Newcastle fans are hoping Khaled, who failed to buy Liverpool in a £2billion deal last summer, could be the man to transform the club’s ambitions.
They have finished 10th and 13th in their two seasons back in the top-flight under Rafa Benitez despite the Spaniard complaining about a lack of backing from the board.
Getty
2
Newcastle fans are desperate for Rafael Benitez to stay
Benitez’s contract runs out on June 30, and it is believed he wants clarifications from owner Ashley over the club’s ambition before signing fresh terms.
But a takeover from Khaled could see him extend his stay at St James’ Park.
Khaled appears confident of completing the £350million takeover, but Newcastle are privately insisting that a deal is far from close.
A statement released by the Bin Zayed Group, of which Khaled is chairman, said: “We can confirm that representatives of His Highness Sheikh Khaled Bin Zayed Al Nahyan are in discussions with Mike Ashley and his team, about the proposed acquisition of Newcastle United Football Club.
“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.”
According to TalkSPORT, Marc Bircham is among the frontrunners for the managers job. Read More. Lee Hoos provides update on QPR's search for a new manager after sacking Steve McClaren The former Hoops midfielder is a real fans' favourite around Loftus Road having made 150 appearances for the west London side.
Show some respect, Former MP Kamanda hits out at DP Ruto
Arsenal could name several academy stars on the bench for their Europa League final against Chelsea on Wednesday. New UEFA regulations mean both clubs will be able to name 12 substitutes for the Baku showpiece, as opposed to seven in the earlier stages of the tournament.
How many Europa League medals Chelsea & Arsenal will get and
Sergio Ramos next club odds: Real Madrid captain linked to Juventus, Manchester United and Paris Saint-Germain Sergio Ramos is set to quit Real Madrid this summer after falling out with Florentino Perez. The Los Blancos president reportedly engaged in a dressing room talkSPORT 3 hours ago
Sergio Ramos: Real Madrid captain wants to go to China, says
May 14, 2019 · EDINBURGH, Scotland (AP) — A former kit manager at Scottish club Celtic has been jailed for more than six years after admitting to a string of historic sexual offenses against young boys. James
Former Celtic kitman jailed - Celtic News Now
Sam Allardyce believes England players are being 'brainwashed' to play risky football, which led to the Three Lions losing in the Nations League semi-finals on Thursday. Gareth Southgate's
Netherlands 3-1 England (aet): Gareth Southgate defends John
Arsenal plan to step up their pursuit of Bournemouth forward Ryan Fraser after the Europa League final next week. The Gunners have been heavily linked with Fraser, 25, and appear to be ready to make a £20million bid for him.
Arsenal transfer news: Gunners to make bid for Bournemouth's
England manager Gareth Southgate believes the 'incredible' Raheem Sterling should be considered a candidate for PFA Player of the Year. In an exclusive interview with talkSPORT at our brand new studios, Southgate spoke glowingly of the..
Adam Lallana is keen to return to St. Mary's Stadium this summer after failing to make an impression in the Liverpool first-team this season Transfer News: A Southampton return on the cards
Liverpool outcast Adam Lallana considering return to
But QPR, for all their faults, have the steely determination of a Neil Warnock side and it wasn't a huge surprise when target-man Helguson beat the not-very-tall Speroni to a hoofed-in cross and sent those around me into delirium. Fair enough, fighting spirit is important, and QPR play to their strengths.
Report Ad
Where Smart Fans Buy Tickets Online. Every Ticket, No Hidden Fees! Welcome To The Only Ticket Marketplace Where You, The Consumer, Come First.
Manchester United midfielder Paul Pogba has been included in the PFA Premier League Team of the Year, while Chelsea's Eden Hazard missing out. shock name in Team of the Year as Hazard misses out.
Manchester United's Pogba shock name in Team of the Year as
Apr 17, 2019 · Tottenham Hotspur's Son Heung-Min celebrates scoring during the UEFA Champions League quarterfinal second leg match between Manchester City and Tottenham Hotspur on Wednesday at the Etihad Stadium
Tottenham Official Shop | Support your Club & Buy Direct
AD
shop.tottenhamhotspur.com/Official/US-Shop
Report Ad
Exclusive & Official Merchandise. Free USA Delivery on Orders of £105+
No comments:
Post a Comment