Saudi Arabia-backed group withdraws Newcastle United bid: Report

The Saudi Arabian-backed consortium trying to buy English Premier League football club Newcastle United has withdrawn its bid.
The group, which included Saudi Arabia’s sovereign wealth fund, had made a $390m offer to buy Newcastle from British businessman Mike Ashley.
The Premier League has spent months considering piracy and human rights concerns around the bid.

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In This Story: Saudi Arabia

Saudi Arabia, officially the Kingdom of Saudi Arabia, is a country in Western Asia constituting the bulk of the Arabian Peninsula.

Saudi Arabia also has one of the world’s youngest populations, with approximately 50 percent of its population of 34.2 million being under 25 years old.

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