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

Newcastle United fans celebrate

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 yearsThe Saudi-backed consortium had a failed bid to buy the club 14 months agoNewcastle United supporters celebrated outside the club’s St James’ Park groundThe move signalled the end of a long-running takeover saga that the majority of the club’s supporters desired, but was stymied by the Premier League’s…


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