Thursday 30 July 2020

#SaudiArabia consortium withdraws interest in buying Newcastle Utd -statement - Reuters

Saudi Arabia consortium withdraws interest in buying Newcastle Utd -statement - Reuters:

A consortium led by Saudi Arabia’s Public Investment Fund (PIF) has withdrawn its interest in acquiring Newcastle United football club, it said in a statement on Thursday.

The group, which includes PCP Capital Partners and Reuben Brothers, said that the “prolonged process” and “global uncertainty” had “rendered the potential investment no longer commercially viable.”

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