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Saudi Arabia-led consortium completes takeover of Newcastle United

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(Reuters) – Premier League side Newcastle United have been taken over by a Saudi Arabian-backed consortium, the league said in a statement on Thursday.

“Following the completion of the Premier League’s Owners’ and Directors’ Test, the club has been sold to the consortium with immediate effect,” the Premier League said.

(Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Gareth Jones)

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