Saudi sovereign fund is in talks to buy U.K. soccer team Newcastle United, say people familiar with the matter, the kingdom’s first foray into a major sports league
Saudi Arabia’s sovereign-wealth fund is in talks to buy U.K. Premier League soccer team Newcastle United F.C. for about £340 million , according to people familiar with the discussions.
The buyer is the Public Investment Fund, Crown Prince Mohammed bin Salman’s key investment tool, together with a group of investors organized by British financier Amanda Staveley, the people said. A final deal could be days or weeks away, the people said. The tentative deal could still break down.
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