Newcastle takeover news: Sheikh Khaled bin Zayed insists he does have 350m funds to buy Magpies from Mike Ashley

Newcastle takeover news: Sheikh Khaled bin Zayed insists he does have 350m funds to buy Magpies from Mike Ashley
Sheikh Khaled bin Zayed insists he does have the 350million funds to buy Newcastle, according to reports.The Arab billionaires Bin Zayed Group have come under scrutiny in the last 24 hours regarding the authenticity of their takeover attempt.Getty2

Newcastle fans believe their club should be aiming for more than just Premier League survival

On Tuesday, Craig Hope, the north-east correspondent for The Daily Mail, told talkSPORT that Magpies fans should be cautious about Sheikh Khaled’s buyout claims.It has also been claimed that he is yet to provide proof of funds to buy the Premier League.However, ChronicleLive say the Bin Zayed Group are adamant it is a matter of when, not if they complete a 350million takeover.Getty2

Mike Ashley (right) is keen to sell Newcastle

And contrary to other reports, the group say they have provided proof of funds to relevant parties.Newcastle fans are desperate for unpopular owner Mike Ashley to end his turbulent 12-year reign at St James Park.On Monday, a statement released by the Bin Zayed Group said: 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. 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.Newcastle are yet to comment on Sheikh Khaleds proposed takeover.

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