Saudi Arabia-led consortium completes Newcastle United takeover
Aljazeera says English Premier League football club Newcastle United have been taken over by a Saudi Arabian-backed consortium, the league said, after a protracted takeover and legal fight involving concerns about piracy and rights abuses in the kingdom.
“The Premier League, Newcastle United Football Club and St James Holdings Limited have today settled the dispute over the takeover of the club by the consortium of PIF, PCP Capital Partners and RB Sports & Media,” the Premier League said in a statement on Thursday.
“Following the completion of the Premier League’s owners’ and directors’ Test, the club has been sold to the consortium with immediate effect.”
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