A Saudi Arabia-backed consortium has ended its curiosity in taking up English Premier League facet Newcastle United, Sky Sports reported Thursday.
The group, which included Saudi Arabia’s sovereign wealth fund PIF, PCP Capital Partners and Reuben Brothers, was reported to have made a 300 million kilos ($391.74 million) bid to purchase United from British businessman Mike Ashley.
“With a deep appreciation for the Newcastle neighborhood and the importance of its soccer membership, we now have come to the choice to withdraw our curiosity in buying Newcastle United Football Club,” the group mentioned in a press release to Sky Sports.
PIF is overseen by the Saudi Crown Prince Mohammed bin Salman, who human rights teams say has been concerned in a “sweeping crackdown on human rights,” together with the killing of journalist Jamal Khashoggi within the Saudi consulate in Istanbul in 2018.
Previously, the English Premier League has been requested by human rights activists to think about blocking the Saudi try to purchase Newcastle United.