Saudi Arabia's sovereign wealth fund is in talks to buy English soccer club...
Soccer Football - Premier League - Newcastle United vs Liverpool - St James’ Park, Newcastle, Britain - October 1, 2017 General view of the flags waving on top of the stadium REUTERS/Scott Heppell EDITORIAL USE ONLY. No use with unauthorized audio, video, data, fixture lists, club/league logos or"live" services. Online in-match use limited to 75 images, no video emulation. No use in betting, games or single club/league/player publications.
The deal would represent an exit for British billionaire Mike Ashley, who made his fortune from sportswear retailer Sports Direct last month) and first bought into Newcastle United in 2007. A spokesman for Newcastle United declined to comment on Saturday, while Saudi’s Public Investment Fund was not immediately available for comment.Newcastle United has been up for sale a number of times and was last year rumoured to be on the brink of being bought by Abu Dhabi billionaire Sheikh Khaled bin Zayed Al Nehayan, but that deal did not go ahead.
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WSJ News Exclusive | Saudi Sovereign-Wealth Fund in Talks to Buy U.K. Soccer Team Newcastle UnitedSaudi Arabia’s sovereign-wealth fund is in talks to buy U.K. Premier League soccer team Newcastle United F.C. for about $445 million, according to people familiar with the discussions.
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