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.
FULHAM 0 WEST HAM 2. Dec 15 (Reuters) - West Ham won their fourth successive Premier League game to add to Fulham's woes at Craven Cottage on Saturday, beating their cross-London rivals 2-0 with goals from Robert Snodgrass and Michail Antonio.
• Some would call it a racial divide. • racial equality • The event is designed to promote racial harmony. • Local police deny that have used racial profiling when stopping motorists. • The heads of civil rights organizations that gathered for the announcement praised Flagstar for making real racial progress.
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England's midfielder Ross Barkley (C-R) vies for the ball with Montenegro's midfielder Marko Vesovic during the Euro 2020 football qualification match between Montenegro and England at Podgorica City Stadium on March 25, 2019 in Podgorica, Montenegro.
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Eden Hazard late show rescues Chelsea in Wolves draw Description: Under Sarri's watch, Chelsea have also suffered humiliating thrashings at City and Bournemouth, while supporters chanted for his sacking after the FA Cup exit against Manchester United.
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Goals from Naby Keita and Roberto Firmino earned Liverpool a 2-0 win over Porto on Tuesday as Jurgen Klopp's side took the upper hand in their Champions League quarterfinal tie despite not killing
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