Saudi Arabia’s sovereign wealth fund is in talks to buy UK Premier League soccer team Newcastle United FC for about £340m ($445m), according to people familiar with the discussions.

The buyer is the Public Investment Fund, Crown Prince Mohammed bin Salman’s key investment tool, together with a group of investors organised by British financier Amanda Staveley, the people said. A final deal could be days or weeks away, the people said. The tentative deal could still break down.