LONDON (Reuters) - British businesswoman Amanda Staveley on Friday denied that a Saudi-backed takeover of Premier League club Newcastle United was designed to "sportswash" Saudi Arabia's human rights record, saying the deal would rebuild the club into a winning team.
Staveley's PCP Capital Partners group fronted a consortium 80%-led by Saudi Arabia's PIF sovereign wealth fund that on Thursday secured the club in a 305 million pound ($415.5 million) deal to the delight of fans who had accused former owner Mike Ashley of under-investment.