Register Login Scores

International

Man City Owner's Cousin To Buy EPL Outfit For R6.5bn

Manchester City owner and Saudi Arabian billionaire Sheikh Mansour bin Zayed Al Nahyan's cousin is reportedly close to acquiring the ownership of a Premier League club for a fee believed to be in the region of £350 million (R6.5 billion).

Read: Juventus' Next Manager Revealed?

Sheikh Khaled Bin Zayed Al Nahyan is no stranger to the business of buying football clubs, with the Sheikh's investment company having previously tried and failed in their £2 billion (R37 billion) takeover attempt of Liverpool in 2018.

According to The Newcastle Chronicle, Abu Dhabi billionaire Sheikh Khaled bin Zayed Al Nehayan is said to have agreed to terms with Magpies owner Mike Ashley, which will see the Sheikh's investment company complete their takeover of Newcastle.

Watch: Casillas On Zidane 

"We can confirm that representatives of His Highness Sheikh Khaled Bin Zayed Al Nahyan are in discussions with Mike Ashley and his team, about the proposed acquisition of Newcastle United Football Club," Midhat Kidwai, group managing director of the Bin Zayed Group said in a statement, as per The Newcastle Chronicle.

"We view it as an honour to have the opportunity to build on the strong support, history and tradition of the club.

"We have agreed terms and are working hard to complete the transaction at the earliest opportunity."

According to reports from The Guardian, the multi-million deal is valued at £350 million.

Read: Real Comment On Reported Hazard, Mbappe and Neymar Pursuit

Do you think Newcastle will be a force to be reckoned with after this reported takeover? Have your say in the comments section below.

 

5 comments

Top 5

12 Players Who Went Bankrupt

22 Dec 07, 2020 12:34 PM in World News

Nedbank Cup Last 32 Fixtures Revealed

133 Jan 14, 2021 06:28 PM in Nedbank Cup

Official: 10 More January Transfers Confirmed

Jan 22, 2021 07:31 PM in International Transfers

Official: Another PSL Coach Loses His Job

41 Jan 25, 2021 01:23 AM in PSL

Transfer Update: Salah

4 Jan 25, 2021 09:05 PM in English Premier League

The Top Goalscorers In Europe This Season So Far

4 Jan 25, 2021 08:03 PM in Messi/Ronaldo/Neymar Watch

Official: 10 More January Transfers Confirmed

Jan 22, 2021 07:31 PM in International Transfers

Pogba: Rashford & Martial Don't Have Cavani's Quality

11 Jan 22, 2021 08:31 AM in English Premier League

Crucial Injury Update On Chiefs’ Frosler

36 Jan 23, 2021 09:25 AM in Kaizer Chiefs

14 Footballers Who Have Degrees

28 Sep 16, 2020 08:30 PM in World News

Chiefs Explain Unpleasant Trip To Angola

56 Jan 07, 2021 09:14 AM in Kaizer Chiefs

11 Footballers Who Went Broke

33 Jun 10, 2020 07:15 PM in World News

Festival & Co Lauded As Unbeaten Swallows Prepare For Bucs

6 Jan 07, 2021 03:12 PM in Orlando Pirates