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Newcastle players during a training session. Photo: Serena Taylor/Newcastle United via Getty Images

An investment fund controlled by Saudi Crown Prince Mohammed bin Salman is in talks to buy U.K. Premier League soccer team Newcastle United F.C. for around $445 million.

Why it matters: MBS has been working to diversify Saudi Arabia's investments, with a focus on sports and entertainment. The sale could give Newcastle a fresh infusion of cash for fresh talent and renovated facilities, the Wall Street Journal writes.

The state of play: The deal could finalize in the coming weeks, but there's still time for things to fall apart.

Worth noting: The team's current owner is British businessman Mike Ashley, who bought the team for about $175 million and is one of the least popular team owners in English soccer, per the Wall Street Journal.

Go deeper: Human rights concerns overshadow Saudi campaign to attract tourists

Go deeper

Scoop: CIA director Gina Haspel almost resigned over plan to install Kash Patel as deputy

Photo: Win McNamee/Getty Images

CIA Director Gina Haspel almost resigned in early December after President Trump cooked up a hasty plan to install loyalist Kash Patel, a former aide to Rep. Devin Nunes (R-Calif.), as her deputy, according to three senior administration officials with direct knowledge of the matter.

Why it matters: The revelations stunned national security officials and almost blew up the leadership of the world's most powerful spy agency. Only a series of coincidences — and last minute interventions from Vice President Mike Pence and White House Counsel Pat Cipollone — stopped it.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus deaths reach 4,000 per day as hospitals remain in crisis mode — CDC warns highly transmissible coronavirus variant could become dominant in U.S. in March.
  2. Politics: Biden says, "We will manage the hell out of" vaccine distribution — Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan — Widow of GOP congressman-elect who died of COVID-19 will run to fill his seat.
  3. Vaccine: Battling Black mistrust of the vaccines"Pharmacy deserts" could become vaccine deserts — Instacart to give $25 to shoppers who get vaccine.
  4. Economy: Unemployment filings explode againFed chair: No interest rate hike coming any time soon —  Inflation rose more than expected in December.
  5. World: WHO team arrives in China to investigate pandemic origins.

NRA declares bankruptcy, says it will reincorporate in Texas

Wayne LaPierre of the National Rifle Association (NRA) speaks during CPAC in 2016. Photo: Saul Loeb/AFP via Getty Images

The National Rifle Association said Friday it has filed for Chapter 11 bankruptcy and will seek to reincorporate in Texas, calling New York, where it is currently registered, a "toxic political environment."

The big picture: The move comes just months after New York Attorney General Letitia James filed a lawsuit to dissolve the NRA, alleging the group committed fraud by diverting roughly $64 million in charitable donations over three years to support reckless spending by its executives.