The Sun broke the news on Sunday that Mike Ashley’s reign on Tyneside could be coming to an end with Sheikh Khaled bin Zayed Al Nehayan tipped to re-awaken the sleeping giants to the tune of £350 million.
The Sun adds that terms are already agreed between Ashley and Sheikh Khaled, while Newcastle’s potential new owners claim that they have provided the requisite proof that they have the funds to do the deal.
And former Crystal Palace owner Simon Jordan believes that this is more than just another false dawn at a club who have seen plenty of lucrative takeovers fail to materials in the last few years.
“I personally think there is a very distinct possibility this deal will happen,” Jordan said.
“It’s very quiet from Newcastle, it’s coming from somewhere else. And when its quiet in the place that’s selling, that’s normally the pre-cursor to a deal happening.
“That is how deals get done.”
Newcastle fans are understandably thrilled about the prospect of Ashley’s abdication with the much-maligned Sports Direct magnate stunting the progress of this once great club due to a lack of adequate investment in the transfer market.
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