July 30, 2020 / 3:57 PM / 12 days ago

Saudi Arabia consortium withdraws interest in buying Newcastle Utd - statement

DUBAI (Reuters) - A consortium led by Saudi Arabia’s Public Investment Fund (PIF) has withdrawn its interest in acquiring Newcastle United football club, it said in a statement on Thursday.

The group, which includes PCP Capital Partners and Reuben Brothers, said that the “prolonged process” and “global uncertainty” had “rendered the potential investment no longer commercially viable.”

Reporting by Nafisa Eltahir and Saeed Azhar; Editing by Hugh Lawson

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