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Saudi Arabia's sovereign wealth fund is in talks to buy English soccer team Newcastle United for about 340 million pounds ($447 million), the
reported on Saturday, citing people familiar with the discussions.
The Public Investment Fund, together with a group of investors organized by British financier Amanda Staveley, are in discussions to buy the Premier League club and the deal could be days or weeks away, the newspaper said.
The tentative deal could still break down, the WSJ added. ($1 = 0.7608 pounds)
#Saudi Arabia's sovereign wealth fund
#Newcastle United
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