Announced
Financials
Sources
Tags
Cross Border
Single Bidder
Acquisition
Recreational Services
football club
United Kingdom
Pending
Friendly
Minority
Private
Private Equity
Synopsis
Public Investment Fund, the sovereign wealth fund of Saudi Arabia, agreed to invest an additional £70m in Newcastle United, an English football club. “We are at the beginning of a long-term plan that aims to build a club that can compete consistently at the highest levels of English and European football. This additional investment further enables us to continue implementing the business plan,” Darren Eales, Newcastle CEO.
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