Newcastle owner Mike Ashley has agreed to sell the club for £350mContracts have been signed and submitted to the Premier League between Ashley and the Sheikh, The Sun claims. Sheikh Khaled, who is a cousin of Manchester City’s Arab owner Sheikh Mansour, is a senior member of the Abu Dhabi royal family. The 54-year-old has previously insisted he had not received any acceptable offers for Newcastle despite officially putting the club up for sale for a year. Contracts have been signed between Mike Ashley and Sheikh KhaledNewcastle owner Mike Ashley 's relationship with fans had become toxicAccording to The Sun, Sheikh Khaled, 61, is ready to provide funds to bolster a limited squad, which could be the decisive factor in persuading Benitez to stay in Tyneside. Sheikh Khaled is the founder of Bin Zayed Group, a leading conglomerate with diverse business interests in the local and international markets.

Source: Express May 27, 2019 05:42 UTC