Mike Ashley 'agrees to sell Newcastle for £350m' to Man City owner's cousin

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Mike Ashley has agreed to sell Newcastle for £350million, according to reports.

The buyer it is claimed is the cousin of Manchester City owner Sheikh Mansour, Sheikh Khaled bin Zayed Al Nehayan.

According to The Sun, contracts have already been signed and submitted to the Premier League between the two parties with Ashley ready to stand down after 12 years in charge on Tyneside.