Uncertainty clouds UAE businessman’s bid for Newcastle Utd | Financial Times:
Sheikh Khaled bin Zayed Al Nahyan, a member of a United Arab Emirates’ ruling family, has announced he is in talks to buy English Premier League club Newcastle United, becoming the latest Gulf investor to show interest in entering European football.
Newcastle was put up for sale by its owner Mike Ashley, the British retail magnate, two years ago and has been subject to a number of bids from several parties over that time without success. The founder of Sports Direct had been seeking a deal that would value the club at up to £300m, according to people familiar with previous talks to buy the club.
On Tuesday, however, there remained confusion as to whether Mr Ashley had accepted Sheikh Khaled’s approach or how close a deal was to completion.
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