Sheikh Khaled is still in negotiation with Mike Ashley over a £350M acquisition of Newcastle United, but there have been conflicting stories in the press about just how far along the attempted takeover is.
Sheikh Khaled bin Zayed al-Nahyan’ company – Bin Zayed Group – have for the second time issued a statement clarifying what they have done in trying to acquire Newcastle.
And it’s right in line what the Sun reported last Monday – which broke the news wide open.
They say a £350M deal was agreed with Mike Ashley and signed documents have been sent to the Premier League.
They also say that on April 17th, the proof of funds statement was sent to the layers of the Newcastle owner.
They also point out that the Premier League’ fit and proper ownership background investigation will take some time – but it seems the Bin Zayed Group have done everything required of them for the takeover.
Notice how good it looks – there are no Sports Direct Ads
Here’s the new statement from Bin Zayed Group’s Managing Director Midhat Kidwai:
“In consideration of the numerous speculations in regards to the timelines of the acquisition of Newcastle United Football Club by Bin Zayed Group, we feel the need to issue this statement.”
“Terms have been agreed between us and Mike Ashley; these terms have been reflected in a document, signed by both parties, which has been forwarded to the Premier League.”
“The proof of funds statement was forwarded to Mike Ashley’s lawyers on 17 April 2019.”
“The so-called fit-and-proper Premier League process is a standard procedure which will take time, and we are doing all we can to assist the Premier League during this process.”
“We feel the need to clarify this point in order for the fans and the general public to understand the timelines.”
What we need now is a clear statement from Newcastle United on whether this new statement is accurate.
We have (as usual) heard absolutely nothing from Newcastle owner Mike Ashley.
We hope Ashley isn’t up to his usual games – maybe he doesn’t want to sell the club?