Many media outlets have reported on this (here Yahoo): the Saudi-backed consortium has withdrawn its bid for Newcastle United [see https://humanrightsdefenders.blog/2020/01/30/newcastles-takeover-bid-from-saudi-arabia-welcomed-by-many-fans-but-it-remains-sportswashing/
“With a deep appreciation for the Newcastle community and the significance of its football club, we have come to the decision to withdraw our interest in acquiring Newcastle United Football Club,” the group said in a statement. “Unfortunately, the prolonged process under the current circumstances coupled with global uncertainty has rendered the potential investment no longer commercially viable.”
The takeover bid had been condemned by Amnesty International and Hatice Cengiz, the fiancee of murdered journalist Jamal Khashoggi, over Saudi’s human rights record, putting pressure on the Premier League not to give it the green light in its owners’ and directors’ test.
“This is a victory for human rights and decency and clear defeat for Mohamed Bin Salman and his efforts to sportswash his human rights record,” said Cengiz in a statement.
“Let this defeat send a strong message to the leadership in Saudi Arabia that they will not be able to use their money to cover up their human rights record.”
The Premier League has not yet commented.
But all in vain in the end: see: https://www.bloombergquint.com/onweb/saudi-foray-into-premier-league-delights-fans-riles-activists and https://www.hrw.org/news/2021/10/08/saudis-takeover-newcastle-fc-wake-call-rights
https://sg.news.yahoo.com/saudi-backed-investors-pull-newcastle-deal-165956341–spt.html
Hans Thoolen on Human Rights Defenders and their awards 
August 7, 2020 at 17:55
[…] has thrown a spotlight on human rights issues surrounding the ownership of Premier League clubs.[https://humanrightsdefenders.blog/2020/07/31/saudi-backed-investors-pull-out-of-newcastle-deal/] Amnesty’s legal analysis shows that the league’s current Owners’ and Directors’ test has […]