The Saudi Arabian Grand Prix weekend will continue as planned despite an attack on an oil depot in Jeddah today just several kilometers from the street circuit. The attack is the latest undertaken by Yemen’s Houthi rebels and has raised serious concerns in the F1 paddock.
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Saudi Arabia’s finance minister insists their association with Newcastle United can only be good for Premier League competition. Mohammed Al-Jadaan also says there will be “plenty of opportunities for sponsors” despite clubs voting to impose a temporary freeze on deals with businesses linked to their owners.
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Newcastle United’s arbitration proceedings against the Premier League over last year’s aborted takeover bid have been adjourned until early 2022. Both parties have agreed to go to arbitration in early 2022 due to issues with the disclosure of evidence.
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Saudi Arabia will join the Formula 1 calendar with a night race in the 2021 season. A street circuit in Jeddah will stage the inaugural race in November of next year. Saudi Arabia becomes F1’s third race in the Middle East joining Bahrain and Abu Dhabi.
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A Saudi Arabian-backed consortium has ended its bid to buy Newcastle United. The group, which included Saudi Arabia’s sovereign wealth fund PIF, PCP Capital Partners and Reuben Brothers, had agreed a £300m deal to buy the club from Mike Ashley in April.
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