Sheikh Khaled reportedly agrees terms to buy Newcastle

GRAHAM STUART / AFP

Terms have been agreed for the purchase of Newcastle United Football Club by Sheikh Khaled Bin Zayed Al Nahyan.

That's according to a statement released by the Dubai-based business leader's Bin Zayed Group, which says that discussions are ongoing with the owner of the Premier League outfit, Mike Ashley.

It's following reports that emerged in recent days claiming that a deal worth around AED 1.6 billion was close to being agreed.

Despite going 50 years without winning a major trophy, Newcastle are one of England's best-supported sides, with their St. James' Park stadium holding 52,000 people.

More from Sports News

  • Manchester City striker Haaland suffers ankle injury

    Manchester City's Erling Haaland sustained an ankle injury in their FA Cup quarter-final at Bournemouth over the weekend, the Premier League club said on Monday, with the striker requiring further tests to determine the full extent of the injury.

  • Rory McIlroy battling injury with Masters approaching

    Rory McIlroy acknowledged he is dealing with an elbow injury as he prepares to head to Augusta for next week's Masters. The World No. 2 made a spirited run up the leaderboard at the Texas Children's Houston Open on Sunday, carding a 4-under 31 on the front nine that included an eagle.

  • Caitlin Clark sports card sets record after selling at auction

    WNBA star Caitlin Clark's 2024 Panini Prizm WNBA Signatures Gold Vinyl Prizm card, numbered 1-of-1, has set a record sale for a female sports card after going under the hammer for $366,000 (AED 1.3 million) at auction.

  • Saka ready to return, says Arsenal manager Arteta

    Arsenal's Bukayo Saka could make his long-awaited return against Fulham in the Premier League on Tuesday after recovering from a hamstring injury, his manager Mikel Arteta said.

  • Teenager Mensik denies Djokovic 100th title in Miami Open upset

    Nineteen-year-old Czech Jakub Mensik beat his childhood idol Novak Djokovic 7-6(4) 7-6(4) in an upset for the ages on Sunday, claiming his first ATP title at the Miami Open as he denied the former number one his bid for a milestone 100th.