Bin Zayed Group Agrees to Buy Newcastle

  Dubai-based billionaire Sheikh Khaled bin Zayed Al Nehayan says he has "agreed terms" with Mike Ashley to buy Newcastle.

 Midhat Kidwai, managing director of the Bin Zayed Group, issued a statement on Monday afternoon confirming the talks.

                                      Sheik Khaled
 "In response to numerous reports in the world media this morning, we would like to comment as follows," the statement read.
"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.

  Newcastle have confirmed to Sky Sports News that the statement is genuine, but have not released one of their own.

  Sheikh Khaled is a senior member of the Abu Dhabi royal family and cousin of Manchester City's Arab owner Sheikh Mansour. Last year he failed in a £2bn takeover of Liverpool.

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