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.
British billionaire Mike Ashley, who made his fortune from sportswear retailer Sports Direct last month) has owned Newcastle United since 2007. A spokesman for Newcastle United declined to comment on Saturday. Saudi’s Public Investment Fund was not immediately available for comment, nor were representatives for Ashley or Staveley.
In 2019, Newcastle United was 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 either.
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