Saudi sovereign wealth fund "public investment fund" completed the acquisition of Newcastle United club in the Premier League
Financial Associated Press, October 8 - the Saudi sovereign wealth fund "public investment fund" (PIF) announced on the evening of 7 local time that the consortium led by the fund has completed the acquisition of 100% equity of Newcastle United Football Club. According to local media reports in Saudi Arabia, the total price of the acquisition is 300 million pounds, about 2.635 billion yuan. After the acquisition, the Saudi public investment fund will own 80% of the shares of Newcastle United club, and the remaining 20% will be shared equally by its two partners.
This text is a result of machine translation.
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