LONDON (REUTERS) - Mike Ashley has agreed to sell Newcastle United to Abu Dhabi's billionaire Sheikh Khaled bin Zayed Al Nehayan for £350 million (S$612 million), the Sun reported late on Sunday (May 26).
The contracts between Ashley and Sheikh Khaled have been signed and submitted to the Premier League, according to the report.
Ashley, who bought a controlling stake in the Premier League club in 2007, has in the past tried to sell the club.
Ashley, who owns British sportswear retailer Sports Direct International Plc said last October that he had not received any acceptable offers for Newcastle, a year after he officially put the club up for sale, but told Sky News in December that talks on a deal had made promising progress.
Any potential buyer of the club must be able to provide transfer funds, he had said at the time.
Sheikh Khaled, the cousin of Manchester City owner and Arab billionaire Sheikh Mansour bin Zayed Al Nahyan, previously failed in his bid to buy Liverpool Football Club for £2 billion last year, the Daily Mail has previously reported.
Sheikh Khaled is also the founder of Bin Zayed Group, a leading conglomerate with diverse business interests in the local and international markets.
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Newcastle United, the Premier League and the Bin Zayed Group did not immediately respond to Reuters' requests for comments.
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Former Manchester United manager Jose Mourinho embarrassingly slipped after presenting a symbolic face-off to a match in Russia's Kontinental Hockey League on Monday. Videos of the 56-year-old
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With Tottenham's title hopes coming to an end last week as Spurs failed to win any of their last three Premier League games against Burnley, Chelsea and Arsenal, the Champions League represents Spurs' only chance of landing some silverware this season.
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Vigil van Dijk could not vote for a team mate. (Reuters picture) BANGALORE: Liverpool defender Virgil van Dijk says he voted for Manchester City's Raheem Sterling to be named PFA player of the year.
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Everton ease past Burnley to keep Europa League dream alive
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Pep Guardiola saw his Manchester City side beat West Ham to remain one point behind leaders Liverpool, though he expects both title Guardiola expecting twists in Man City-Liverpool title race.
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A version of this article appeared in the print edition of The Straits Times on January 16, 2019, with the headline 'City will pounce if Liverpool slip up: Guardiola'. Print Edition | Subscribe
City will pounce if Liverpool slip up: Guardiola
Ambitious Hougang show title promise. While Hougang United have made some eye-catching signings like former Home United strike pair Faris Ramli (right) and Stipe Plazibat, today's Singapore
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Solari says every match is a test at Real Madrid. Santiago Solari was also interviewed prior to the Roma match and asked about the loss to Eibar. "All of the games are tests. Every day is a big
And coach B. Sathianathan hoped that the fans show up in force for their semi-final match against Myanmar. "I want to hear it from the Malaysian fans," said Sathianathan at the pre-match conference at the Wisma FAM in Kelana Jaya yesterday. "It was sad when the national team played against Chelsea recently.
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