Newcastle takeover: Saudi backed consortium Pulls out of £300m Newcastle United takeover

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  1. Saudi Arabia’s Public Investment Fund, PCP Capital Partners and Reuben Brothers end interest

Saudi Arabia’s Public Investment Fund, PCP Capital Partners and Reuben Brothers have withdrawn from the process to buy Newcastle.

A statement read: “With a deep appreciation for the Newcastle community and the significance of its football club, we have come to the decision to withdraw our interest in acquiring Newcastle United Football Club.

“We do so with regret, as we were excited and fully committed to invest in the great city of Newcastle and believe we could have returned the club to the position of its history, tradition and fans’ merit.

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