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.
Another season of top-tier soccer is here and with it comes a fresh deluge of soccer-themed games for mobile. Quickly rising towards the top of the heap is Football Strike, a player-versus-player
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Spurs star Kane out until March with ankle injury. Harry Kane (left) suffered an ankle injury during Sunday's defeat to Manchester United. Tottenham striker Harry Kane will be sidelined until
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Arsenal inflict first domestic defeat on Solskjaer to surge into top four Ole Gunnar Solskjaer blamed Manchester United's lack of ruthlessness as the Norwegian suffered his first domestic defeat as caretaker manager in a 2-0 loss at Arsenal on Sunday.
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Chelsea are fourth in the standings, three points behind Tottenham Hotspur, a point above Arsenal and three above United. (Reuters) Chelsea cannot afford to lose at Manchester United on Sunday in what will be a 'difficult match' for both teams looking to finish in the Premier League's top four, the London club's manager Maurizio Sarri said on Friday.
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Predicting award winners is always a fool's errand, but in the case of the 2019 Tony Awards, it feels even more foolish than usual. With few clear frontrunners in the night's biggest races
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Wolves deepen Cardiff's relegation plight with 2-0 win. Soccer Football - Premier League - Wolverhampton Wanderers v Cardiff City - Molineux Stadium, Wolverhampton, Britain - March 2, 2019
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If she's taking her sweet time to get back to you, it's one of the biggest signs for how to tell if a girl is playing hard to get. Playing hard to get often means making the other person wait, even when it personally pains you to do so.
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But really, I'd love for the original post to spark a doubt when read. When people already see that minus something "comment score", they don't need to think about it, they just assume "this idiot is having a fit". Do you get my point? The hint helps understand, but it's often a sacrifice too. A bit like putting on a laugh track.
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