Is Saudi Arabia backing running out of steam?
From the beginning of the PIF takeover, Profit and Sustainability Rules (PSR) have put the brakes on Newcastle's ambitions to spend. The Magpies welcomed the new Financial Fair Play rules - the Squad Cost Ratio (SCR), which are now in effect - and, in short, mean the more you generate, the more you can spend. On top of that, in April, the PIF withdrew its multibillion dollar backing of LIV Golf after Yasir Al-Rumayyan - the fund's governor and chairman of Newcastle - confirmed it was reviewing its deals and investments.
