A Kuwaiti billionaire is ready to offer Newcastle United owner Mike Ashley a way out of his nightmare at the North East club, with a reported £300million offer for the Magpies, according to The Sun.
Despite the deadline for bids for the troubled Premier League club expiring a week ago on the 17th it is claimed that Kuwait businessman Nasser Al-Kharafi is in discussions with Ashley about a proposed takeover at the Toon and is ready to table a bid for Newcastle.
The Sun said: “The Toon deal will be channelled through an Abu Dhabi company but Al-Kharafi is the man behind it. He is worth £9billion and is listed as the world's 48th richest man.
“He made his money in construction and engineering and was linked with the club last month when a spokesman claimed there was 'nothing serious going on'.
“But Al-Kharafi and his family have been studying documents about Newcastle's financial state and are ready to make their move.”