- Newcastle United’s long-running saga to find a buyer looks set to be at an end with owner Mike Ashley reportedly agreeing terms to sell the club to Sheikh Khaled Bin Zayed Al Nehayan
- The contracts between Ashley and Sheikh Khaled have been signed and submitted to the Premier League
- 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 pounds last year
- Sheikh Khaled is also the founder of Bin Zayed Group
The Middle East loves football. You only need to take a look at past European clubs ownerships to reach the conclusion that the Middle East really loves football. Sheikh Mansour bought Manchester City in 2008 injecting new life into the club, Egyptian Businessman Nassef Sawiris co-owns Aston Villa, and Saudi Prince Abdullah bin Musa’ad bin Abdulaziz Al Saud co-owns Sheffield United.
But another royal will soon join this illustrious club. If reports are true, then Newcastle United is all set to get a very royal new owner. Newcastle United’s wish to find a new buyer semms to have come true with owner Mike Ashley reportedly agreeing terms to sell the club to Abu Dhabi royal Sheikh Khaled Bin Zayed Al Nehayan.
According to reports, the contracts between Ashley and Sheikh Khaled have been signed and submitted to the Premier League. 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 pounds last year.
Sheikh Khaled is the founder of the Bin Zayed Group – a leading group of businesses with diverse interests in the local and international markets.
