(Reuters) - Abu Dhabi billionaire Sheikh Khaled bin Zayed Al Nehayan says he has agreed terms with Newcastle United owner Mike Ashley to buy the Premier League club, the Newcastle Chronicle reported on Monday. "We can confirm that 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," read the statement. Newcastle United and Sheikh Khaled did not immediately respond to requests for comment from Reuters. 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, 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.

Source: The Star May 27, 2019 17:37 UTC