There’s a report in the Sun today that Newcastle owner Mike Ashley has agreed to sell the club for £350M to Dubai-based billionaire Sheikh Khaled bin Zayed Al Nehayan.
The report is that contracts have been signed and submitted to the Premier League from both Ashley and the Sheikh.
Sheikh Khaled bin Zayed Al Nehayan
Sheikh Khaled is a cousin of Manchester City’s Arab owner Sheikh Mansour and he is also a senior member of the Abu Dhabi royal family.
One thing Ashley said he needed any buyer to supply is money to build the squad and build the infrastructure at Newcastle United – and if this report is true, and we think it is, it looks like we have that.
He is a member of the Dhabi royal family and last year failed in a £2B takeover bid of Liverpool, so he chose the much cheaper alternative of Newcastle United.
A very good choice.
Remember that Liverpool was bought for only £300M back in late 2011 by Fenway Sports Group.
The first job the Sheikh has is to tie down Rafa Benitez to a long term deal improved contract to keep him at Newcastle.
We don’t think that will take long, with the Sheikh asking Rafa what he needs to make Newcastle super successful – and then saying OK.
And the potential new owner is reported ready to provide the funds necessary to build a squad that is limited in numbers and skill but has done really well under the world-class management of Rafa,
This is how we had thought the club would be sold you wake one morning and it’s almost done with contracts already submitted to the Premier League so it will go through quickly.
This also explains some of the delays in the negotiations between Ashley and Rafa Benitez over the last two weeks.
This is excellent news for Newcastle fans and for Rafa Benitez and his team too.
This is an extract from the Sun report about Sheikh Khaled bin Zayed Al Nehayan:
Shaikh Khaled, 61, is president of the UAE Sailing and Rowing Federation but has always had a keen interest in football and loves the Premier League.
He is founder of the Bin Zayed Group – a leading group of businesses with diverse interests in the local and international markets.
The Bin Zayed Group’s key activities comprise four business fields: construction and energy, trading and industry, real estate, technology and financial services.
We believe this is all true, so remember the date – it’s May 27, 2019, when this thing broke.