The cousin of Manchester City owner Sheikh Mansour has confirmed they have “agreed with terms” to buy Premier League club Newcastle United.
In a statement, the Bin Zayed Group said “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.
“We have agreed terms and are working hard to complete the transaction at the earliest opportunity.”
The tycoon’s associate has reportedly said the businessman expects to be in complete control in time to sign players in this summer’s transfer window, which opened on 16 May and closes on 8 August for Premier League clubs.
However, Sky Sports understands that, while talks have been held, there is “some way to go for any deal to be agreed”.
Mr. Ashley has been involved in clandestine takeover talks with at least two interested parties for several weeks, but only on the basis of strict secrecy, The Telegraph reported.
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