Mike Ashley's time as owner of Newcastle United could be coming to an end.
Ashley, who has had a bad relationship with the Newcastle fan base during her ownership, has been looking for a buyer for the club since putting it up for sale in 2017.
The Sun reports that Ashley will retire after 12 years in charge of Tyneside after agreeing to sell the club for £ 350 million.
The publication states that Sheik Khaled bin Zayed Al Nehayan will become the new owner of the magpies with contracts already signed and sent to the league.
But what do we know about the potential buyer of the club?
The 61-year-old is a member of the royal family of Abu Dhabi and is also one of the most successful entrepreneurs in the Gulf states.
He graduated with a bachelor's degree in business administration from Boston University before completing a Ph.D. in finance at Michigan State University.
He established the Bin Zayed Group in 1988 with a focus on the areas of construction and energy, trade and industry, real estate, and technology and financial services.
Although his personal wealth is unknown, it is believed that his family is worth around £ 150 billion.
Sheikh Khaled is president of the Sailing and Rowing Federation of the United Arab Emirates and tried a $ 2 billion acquisition of Liverpool last year, but he failed in his mission to do so.
Although he does not have direct experience in running a football club yet, there is a great history of it in his family.
He is the cousin of the owner of Manchester City, Sheikh Mansour, who also showed interest in buying Newcastle in 2008.
Mansour finally bought Manchester City and has transformed the club into the best team in the Premier League.
Recently, he witnessed his team securing consecutive Premier League titles before completing a historic domestic triplet.