Saudi Arabia's sovereign wealth fund in talks to acquire Newcastle

The Public Investment Fund, chaired by Saudi Arabia's crown prince, is in talks to buy the club for around £340 million.

Together with a group of investors organised by British financier Amanda Staveley, the deal could be finalised in weeks, perhaps even days, but it could also still fall apart.

However, the deal is inconsistent with the Saudi government's strategy to date, according to Professor Simon Chadwick, who remains unconvinced that there is any deal to speak of.