Newcastle takeover ‘terms agreed’ and due diligence completed

27 May 2019

Ashley
Photo: Getty Images Mike Ashley’s controversial reign at Newcastle looks like coming to an end with takeover bid from Sheikh Khaled Bin Zayed Al Nahyan.

Sheikh Khaled has already completed due diligence in Newcastle - a sign of the level of seriousness.

The Bin Zayed Group surprised Newcastle by releasing a statement on late afternoon on Monday.

Caution from club insiders after Staveley and Kenyon failures to buy out Mike Ashley.

The potential sale of Newcastle United to Sheikh Khaled Bin Zayed Al Nahyan moved a step closer today when his group issued a statement that the terms of the deal had been agreed.

The Bin Zayed Group, looking to complete a stunning, £350 million takeover of the Premier League side and end Mike Ashley’s 12 years in charge at St James’ Park, said they were bidding to ‘complete the transaction at the earliest opportunity.

Do you want to read this article?

Get instant access by signing up for a 7-day free trial

No credit card, no commitments and it will expire automatically.

You will receive a link that activates your trial in an email.