Photograph credit: Newcastle

Abu Dhabi Sheikh ‘To Buy Newcastle United for £350 Million’

In the eventuality of Mike Ashley discontinuing his ownership of Newcastle United, it’s reported that he’s in talks with Abu Dhabi royal, HH Sheikh Khalid Bin Zayed Al Nahyan, regarding the sale of the Premiership football club.

HH Sheikh Khalid in talks to buy Newcastle United for £350 million

Abu Dhabi royal HH Sheikh Khalid Bin Zayed Al Nahyan, son of UAE’s founding father, His Highness Sheikh Zayed bin Sultan Al Nahyan, and founder of the Bin Zayed Group, are in talks with Mike Ashley regarding the purchase of Newcastle United for £350 million .  According to UK newspaper, The Sun, Ashley and HH Sheikh Khalid have completed the paperwork, submitted it to the Premier League and His Highness has agreed to buy Newcastle United for £350 Million.

Ninth most successful football club of all time

With four League Championship titles, six FA Cups, a Charity Shield, the 1969 Inter-Cities Fairs Cup and the 2006 UEFA Intertoto Cup, Newcastle United stands as the ninth most successful football club of all time. The Magpies had a mediocre outing in the 2018-19 season, having won 12, lost 17 and drawn on 9 games.

Arab world a powerhouse in EPL hierarchy

It’s not the first time the Arab World made headlines buying a football club. In 2008, His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister of the UAE, purchased Manchester City, followed by Egyptian billionaire Nassef Sawiris co-owning Aston Villa and Saudi businessman Abdullah bin Musa’ad bin Abdulaziz Al Saud co-owning Sheffield United.

Photograph credit: Twitter