Sheik Khaled is likely to appoint a new manager, if he completes the takeover of Newcastle United, according to the UK Mirror.
It is understood current boss, Rafa Benitez, will face the sack if the Abu Dhabi-based group take control of the club.
Billionaire Sheik Khaled bin Zayed Al Nahyan has identified Jose Mourinho and Arsene Wenger as possible replacements.
Current owner Mike Ashley has postponed contract negotiations with Benitez, instead choosing to prioritise takeover discussions with Sheik Khaled.
The Spaniard’s deal at St James’ Park expires at the end of June