Mike Ashley's time as owner of Newcastle United could come to an end.
Ashley, who had a bad relationship with Newcastle's fan base during his tenure, has been looking for a buyer for the club since he built it up for sale in 2017.
The Sun reports that Ashley, after 12 years, is the responsible Tyneside Manager will resign after he has agreed to sell the club for 350 million pounds.
The publication states that Sheikh Khaled bin Zayed Al Nehayan is to become the new owner of the magpies whose contracts have already been signed and submitted to the League.
But what do we know about the club's potential buyer?
The 61-year-old is a member of the royal family of Abu Dhabi and one of the most successful entrepreneurs in the Gulf States.
He graduated with a degree in Business Administration from Boston University before obtaining a PhD in Finance from Michigan State University.
In 1988, he founded the Bin Zayed Group with a focus on construction and energy, commerce and industry, real estate, and technology and finance
Although his personal fortune is unknown, his family is believed to have a value of about £ 150 billion Has.
Sheikh Khaled is president of the United Arab Emirates Sailing and Rowing Association and last year tried to take over Liverpool for £ 2 billion, but did not.
Although he has no direct experience in leading a football club, there is a strong history of it in his family.
He is the cousin of Manchester City's owner Sheikh Mansour, who also showed interest in buying Newcastle in 2008.
Mansour finally bought Manchester City and turned the club into the best team in the Premier League.
He recently saw his team win Premier League titles twice in a row before making a historic international appearance.