London | An investor group led by Saudi Arabia’s sovereign wealth fund has reached a £300 million ($593 million) deal to acquire Newcastle United football club from UK retail tycoon Mike Ashley, according to three people with direct knowledge of the matter.
The agreement comes even as the world’s most popular sport faces an unprecedented disruption from the coronavirus pandemic, which has wreaked havoc on the global football schedule and halted the Premier League with no indication of when the current season will be finished.
