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 ($445 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.

Source: Wall Street Journal January 25, 2020 11:03 UTC