LONDON Newcastle owner Mike Ashley is negotiating the 350 million (S$612 million) sale of the Premier League club to Abu Dhabi billionaire Sheikh Khaled box Zayed Al Nahyan.The news has produced much commotion on Tyneside but, despite reports in the chasm it is a "done deal", there could yet be a considerable push away to be covered.While Newcastle have privately acknowledged talks are continuing, Midhat Kidwai, the managing director of the box Zayed Group, which Khaled founded, said on Monday night "terms have been agreed". He added: "We can support that representatives of Sheikh Khaled are in discussions following Mike Ashley and his team approximately the proposed acquisition of Newcastle."We view it as an honour to have the opportunity to construct on the mighty support, history and tradition of the club."We have completely terms and are in force hard to fixed the transaction at the prehistoric opportunity." A spokesman for the club declined to comment but it appears several hurdles remain and there are in addition to caveats.Despite booming in Dubai, Khaled is a zealot of Abu Dhabi's royal family, and a cousin of Manchester City owner Sheikh Mansour.It had back been regarded as unlikely that members of the similar ruling family would buy rival football clubs.Mansour's buyout of City was conducted in the company of the utmost vagueness and, as a judge of thumb, the takeovers that actually happen tend to be conducted in a similarly clandestine manner, appropriately the leaking of details rings alarm bells.Moreover any other owner would have to pass the league's owners' and directors' test.Negotiations may or may not have reached that stage, but the league have adopted Newcastle's public "no comment" stance.The Magpies' viable switch to middle Eastern manage perhaps explains the impasse higher than Rafael Benitez's covenant extension.His concurrence runs on June 30, but he has been in negotiations following Ashley higher than a other agreement and Khaled is thought to be keen to keep the Spanish manager.Previous appropriation bids by British businesswoman Amanda Staveley and former Chelsea chief organization Peter Kenyon evaporated after entering the due diligence stage.But regardless of some nagging doubts, Khaled, who is said to have always been a fan of English football and has long harboured ambitions to buy a top-flight club, seems to be monster taken much more seriously than most.THE GUARDIAN
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