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English Premier League club Newcastle United sold to Saudi Arabia’s sovereign wealth fund – ABC News

Newcastle United is sold by Mike Ashley to Saudi Arabia’s sovereign wealth fund, making the Premier League club one of the world’s…

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A Saudi-Arabian backed consortium has completed its purchase of Premier League club Newcastle United.
Key points:

  • Owner Mike Ashley had been an unpopular figure in Newcastle for several years
  • The Saudi-backed consortium had a failed bid to buy the club 14…

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