Saudi Arabia's Sovereign Wealth Fund in talks to buy Newcastle - News Summed Up

Saudi Arabia's Sovereign Wealth Fund in talks to buy Newcastle


Saudi Arabia's Sovereign Wealth Fund are in talks to buy Newcastle United, Sky Sports News can confirm. But Sky Sports News understands the Saudi Sovereign Wealth Fund are not the only group interested in completing a takeover of the club. The interest of the Saudi Sovereign Wealth Fund was first reported by the Wall Street Journal on Saturday morning and it claims Prince Mohammed bin Salman will team up with British financier Amanda Staveley. Amanda Staveley has previously failed in her attempts to buy NewcastleStaveley was unsuccessful in her attempts to buy Newcastle two years ago following lengthy negotiations. Current owner Mike Ashley grew increasingly frustrated at Staveley's attempts to buy the club and eventually withdrew from the discussions.


Source: Sky sports January 25, 2020 12:58 UTC



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