Saudi wealth fund in talks to buy Newcastle United

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Saudi Arabia’s Sovereign Wealth Fund is in talks to buy Newcastle United.

But it’s understood the Saudi Sovereign Wealth Fund is 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.

Staveley was unsuccessful in her attempts to buy Newcastle two years ago following lengthy negotiations.