The Saudi Arabian-backed consortium trying to buy English Premier League football club Newcastle United has withdrawn its bid.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: Premier League
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In This Story: Saudi Arabia
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.