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.
Football; Guardiola salutes 'incredible' Manchester City. Pep Guardiola hailed his "incredible" Manchester City stars as they swept back to the top of the Premier League with a 2-0 win at
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"He's had a lot of injuries, but I think he'd be a great addition for most Premier League teams. Maybe not in the top three or four, maybe not for Liverpool or Manchester City, but he could go to a team like Arsenal. "I would love my old club Palace to get him, and Leicester could be a good shout - he and Brendan Rodgers work well together.
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We lack rub of the green: Simeone. Atletico Madrid striker Diego Costa arguing with referee Jesus Gil Manzano after he had been adjudged to have fouled Barcelona midfielder Arthur during the top
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Step up or ship out: Solskjaer, Football News & Top Stories
Singapore international striker Ikhsan Fandi moved to Europe with Raufoss IL earlier this year and the 20-year-old has now scored his first goal in the Norwegian First Division in stunning fashion!
Ikhsan Fandi scores first competitive goal for Norwegian club
LONDON (REUTERS) - The search for Cardiff City's new football star, Emiliano Sala, resumed on Wednesday (Jan 23) 36 hours after the light aircraft he was flying on disappeared in the English Channel..
Hopes fade for football star Emiliano Sala as rescuers search
Gordon Banks tribute: A man whose golden legacy extended far beyond one of the best saves of all time. From the moment he emerged at Chesterfield and then Leicester City in the late 1950s, Banks
Gordon Banks tribute: A man whose golden legacy extended far
sportstons.com/soccer/gordon-banks-tribute-a-man-whose-golden-legacy-extended-far-beyond-one-of-the-best-saves-of-all-time/
Gordon Banks tribute: A man whose golden legacy extended far beyond one of the best saves of all time The most powerful tributes to Gordon Banks came not from the team-mates who played with him, or the strikers who were thwarted by him, or the journalists who chronicled his 20-year career for club and country.
Gordon Banks tribute: A man whose golden legacy extended far
Our Tampines Hub to screen Champions League showdown on Sunday channelnewsasia.com - CNA Winning the Europa League final and returning to the Champions League will earn Arsenal a cash bonanza
Our Tampines Hub x UEFA Champions League Final - YouTube
The inquest into Maurizio Sarri's reign will be ramped up further over the next few days with Chelsea's top-four hopes having suffered a huge blow. That Gonzalo Higuain failed to open his account for his new side on his Premier League debut, only made things worse.
'Too stubborn' - These Chelsea fans say the same thing about
Football: Hougang United seek Fifa resolution after new signing Rafael Ramazotti quits and joins Mexican club Feb 8, 2019, 12:05 am Subscribe to The Straits Times
Fifa News from Singapore, Latest Fifa News from Singapore
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Get the Fifa News from Singapore, Latest Fifa News from Singapore, Trending Fifa News from Singapore, Current Fifa News From Singapore on trendingnews.co.in. Grab exclusive coverage on breaking national news, current politics, regional and educational news with trending now, most popular from Singapore.
2019 Hougang United FC season - Wikipedia
Manchester United vs. Manchester City: Pep Guardiola says it's 'not scary' to play at Old Trafford Ahead of Wednesday's derby, Guardiola is full of confidence
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France midfielder Paul Pogba believes England's Raheem Sterling is sometimes treated differently by the British media because he is black and does not get the recognition he deserves for his
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