Mike Ashley bought Newcastle United in 2007Newcastle United owner Mike Ashley is in talks to sell the club to Sheikh Khaled bin Zayed Al Nahyan, the UAE billionaire's investment group has said. Sheikh Khaled, a cousin of Manchester City owner Sheikh Mansour, failed with a £2bn takeover of Liverpool last year. Walsall-born Sports Direct owner Ashley, who bought the club in 2007, put it up for sale in October 2017. "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," the statement read. He bought Newcastle for £134.4m in 2007 and the club has been relegated twice from the Premier League during his tenure.

Source: BBC May 27, 2019 16:35 UTC