Kuwaiti billionaire closing in on Newcastle

Al-Kharafi, who is worth £9billion, is ready to buy the club for £300million.

The 48th richest man in the world made his money in construction and engineering.

A source close to Al-Kharafi’s family said: “Newcastle intrigues them and there’s a real chance they could get the club.

“It is possible the deal could be done by next week.”