"In response to the numerous reports in the world media this morning, we would like to comment as follows, 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 honor 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."
My good friend is a Newcastle fan and is overjoyed but not counting his chicken's yet. Man City were about the same type of team as Newcastle ~10 years ago but after the oil money look at them now. He's hoping the same thing.