Back to the Soccer Newsfeed

Newcastle United fans react to latest takeover update and statement from Bin Zayed Group

Newcastle United suitors the Bin Zayed Group have released a statement on their latest efforts to buy the club from owner Mike Ashley.

The United Arab Emirates outfit are said to be in talks with the businessman over a £350 million takeover, and have updated the fans and public about its progress through Dubai-based journalist Peter Redding of the Capital Radio UAE.

“Both parties have worked diligently in finalising a deal, none more so than ourselves. We have completed every aspect required in a takeover process,” the BZG said.

“Press claims of no bids or Premier League approval processes are simply untrue

“The current owners have cooperated amicably throughout this process and if a deal is not forthcoming it will not be due to lack of effort from both parties.