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.
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