The Sun updated their stunning story of yesterday late last night.
They had revealed yesterday that Sheikh Khaled bin Zayed al-Nahyan was close to buying Newcastle for £350M and that terms had been agreed with Ashley.
Well worked takeovers happen quickly and that’s because the buying party is serious and has the money to acquire a football club for instance.
Since the Sheikh was unsuccessful in buying Liverpool last August for a whopping £2B – we assume he has the money to buy Newcastle for £350M and then invest in the club.
Sheikh Khaled – an honor to build on strong support, history, and tradition of the club.”
And indeed yesterday Midhat Kidwai, Managing Director of the Bin Zayed Group, that both sides are “working hard to complete the transaction at the earliest opportunity”.
The club says that there’s still a way to go but if the Sun report is accurate the deal should be able to be completed quite soon.
The Bin Zayed Group have now released a statement yesterday:
“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 view it as an honor to have the opportunity to build on the strong support, history and tradition of the club.”
“We have agreed terms and are working hard to complete the transaction at the earliest opportunity.”
There are various stories out like the Premier League will not approve his Highness Sheikh Khaled Bin Zayed Al Nahyan as a “fit and proper person” to own Newcastle.
Well, they approved Mike Ashley who has turned out to be anything but a fit and proper person to own Newcastle.
He’s been a disaster.
The other news yesterday was that Rafa knew nothing about the takeover, but we find that hard to believe – but it’s a good story.
And finally that the Sheik may not want Rafa Benitez as the Newcastle manager.
Sheikh Khaled bin Zayed al-Nahyan and his people are very good businessmen and they do their work thoroughly – they are talented people
They will know the fans just adore Rafa and the Sheikh did not appoint him as the manager it would be a huge mistake.
He doesn’t want to make any mistakes when he takes Newcastle over and we expect him to talk liberally about what his goals are for the club once he becomes the official owner.
This is exciting stuff!