Premier League respond to Newcastle United takeover claims from Sheikh Khaled's Bin Zayed Group

The Premier League have responded to the latest statement made by prospective new Newcastle United owner Sheikh Khaled's Bin Zayed Group.

By Liam Kennedy
Wednesday, 29 May, 2019, 15:06
St James's Park (Getty).

In a fresh statement, released this afternoon, spokesman for the Bin Zayed Group managing director Midhat Kidwai, claimed the proof of funds for the possible £350million Magpies takeover have been sent to owner Mike Ashley.

Kidwai also reiterates his earlier claims, that a deal has been agreed between the Bin Zayed Group and the Sports Direct tycoon, with documents signed and forwarded on to the Premier League.

The statement reads: "In consideration of the numerous speculations in regards to the timelines of the acquisition of Newcastle United Football Club by Bin Zayed Group, we feel the need to issue this statement.

"Terms have been agreed between us and Mike Ashley; these terms have been reflected in a document, signed by both parties, which has been forwarded to the Premier League.

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"The proof of funds statement was forwarded to Mike Ashley’s lawyers on 17 April 2019.

"The so called fit-and-proper Premier League process is a standard procedure which will take time, and we are doing all we can to assist the Premier League during this process.

"We feel the need to clarify this point in order for the fans and the general public to understand the timelines."

When contacted by the Gazette with regards the situation, the Premier League said they could not, and would not be commenting on the statement from the Bin Zayed Group. They also made it clear it is the ball is in the court of Newcastle, with regards to comments.

Newcastle United are not set to comment on the situation, at this stage.