Sheikh Khaled has ‘agreed terms’ to buy Newcastle United off Mike Ashley

• Newcastle confirm talks over £350m sale are going ahead
• Sheikh Khaled believed to be keen on retaining Rafael Benítez

Mike Ashley is negotiating the £350m sale of Newcastle to Sheikh Khaled bin Zayed Al Nahyan of the United Arab Emirates. The news has produced much excitement on Tyneside but, despite reports in the Gulf it is a done deal, there could still be a considerable distance to be covered.

While Newcastle have privately confirmed talks are continuing, Midhat Kidwai, the managing director of Sheikh Khaled’s organisation, said on Monday night that “terms have been agreed”.

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from Football | The Guardian http://bit.ly/2VP3JBy