Red Bull agree deal to buy Newcastle Falcons and keep Premiership club afloat

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  • Energy drinks company will take on £39m debts

  • Takeover plan involves club staying at Kingston Park

Red Bull has agreed a deal to buy Newcastle Falcons which includes a commitment to keep the club in the city and will ensure the Premiership remains a 10-team competition next season.

Newcastle have been for sale for over a year, with owner Semore Kurdi no longer willing to fund multimillion-pound annual losses, leading to fears they could become the fourth Premiership club to go bust in the last two years after Wasps, Worcester and London Irish.

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