Dubai-based journalist shares clear takeover update - Here's the 'latest' state of play..
Amongst all the takeover uncertainty, a pretty clear 'update' has been provided by Dubai-based journalist and Middle-East correspondent Ben Jacobs - and it's worth a look for some form of clarity on the current state of play.
Jacobs, who works for Bein Sports and ESPN, covers several of the key issues in a short but sweet tweet, revealing some of the issues that Sheikh Khaled and the Bin Zayed Group need to address - and plan to address 'by Friday'.
As he highlights below, 'verbal terms' have been agreed, with a £350m price set, however it seems a formal bid is yet to arrive, with proof of funds and notifying the Premier League also needed.
Bin Zayed Group say progress will be made on several of the above points in the coming days, with them telling the Chronicle last night that their interest is genuine and that any sceptics have no reason to believe a deal will not be completed.
It's also interesting to see what Jacobs had to say when asked about the reported 'proof of funds' issue:
So, Friday could be a big day for Newcastle United and Sheikh Khaled if their attempts to buy the club are to be successful.
Fingers crossed this takeover really is on - and not another take-over.
