Back to the Soccer Newsfeed

Report: Mike Ashley agrees to sell Newcastle United to Sheikh Khaled for £350 million

According to The Sun, Newcastle United owner Mike Ashley has agreed to sell the club to Sheikh Khaled bin Zayed Al Nehayan for £350 million.

The Dubai-based billionaire is the cousin of Manchester City owner Sheikh Mansour and he was keen on buying Liverpool last year, but a £2 billion takeover fell through.

Ashley has often indicated that he will sanction a sale of Newcastle for the right price, and it seems a summer takeover is now on the cards as contracts have been signed and submitted to the English Premier League.