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Saudi Arabia wealth fund seeks to buy Newcastle United

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Saudi Arabia's sovereign-wealth fund is reportedly seeking to purchase soccer team Newcastle United F.C.

People familiar with the matter said the fund is offering $445 million.

Crown Prince Mohammed bin Salman's key investment tool, called the Public Investment Fund, is the lead buyer, with a group of investors organized by a British financier, according to The Wall Street Journal.

Read more from The Wall Street Journal.

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