Newcastle United is in talks with the Bin Zayed Group over a potential sale, the Group has confirmed in a statement.
Sheikh Khaled bin Zayed Al Nehayan had been widely reported to be on the verge of buying the club from current owner Mike Ashley.
It’s now been confirmed that talks are ongoing.
In a statement Midhat Kidwai, managing director of the Bin Zayed Group, said terms had been agreed.
He said: “We can confirm the 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.
– Midhat Kidwai, Bin Zayed Group
Newcastle United has refused to comment.
Newcastle United confirmed to be in talks with Bin Zayed Group - ITV News
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