Ashley has been negotiating with a number of interested parties since Newcastle secured their status in the Premier League RICHARD LEE/REX FEATURESMike Ashley is to end his contentious 12-year ownership of Newcastle United, according to reports that the club is to be sold to the Dubai-based billionaire Sheikh Khaled bin Zayed Al Nehayan for £350 million. A report in The Sun said that signing and lodging sale contracts have been sent to the Premier League and figures close to Sheikh Khaled insisted that a deal was on the verge of completion. Senior sources at St James’ Park would neither confirm nor deny the suggestion that Ashley has agreed to sell to Sheikh Khaled, a 61-year-old member of the Abu Dhabi royal family, who has previously been linked with a failed £2 billion takeover of Liverpool. A club spokesperson issued a “polite no comment” to the story,…

Source: The Times May 26, 2019 23:15 UTC