Saudi Arabia’s sovereign wealth fund moved close to a deal to acquire Newcastle United in the English Premier League, giving it a foothold in the world’s most popular sports enterprise after more than two years of on and off talks
Saudi Arabia’s sovereign wealth fund on Thursday moved close to a deal to acquire Newcastle United in the English Premier League, giving it a foothold in the world’s most popular sports enterprise after more than two years of on and off talks.
The league is set to approve the transaction before the end of the week, according to several people familiar with the negotiations. The investor group, led by Saudi Arabia’s Public Investment and including British financier Amanda Staveley and the billionaire Reuben brothers,
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