Newcastle United have been linked with a £350 million takeover by United Arab Emirates’ Bin Zayed Group, led by Sheikh Khaled bin Zayed Al Nehayan – a distant cousin of Manchester City owner Sheikh Mansour. While the latest bidders keep insisting they keep doing everything necessary to seal a takeover, reports have emerged that there isn’t a bid on the table. However, the Bin Zayed Group, via Dubai-based journalist Peter Redding of the Capital Radio UAE, has now put out a statement for Newcastle fans.
Following a meeting with Bin Zayed Group officials they would like to put on record the following information for NUFC fans: “Both parties have worked diligently in finalising a deal, none more so than ourselves.