Newcastle United owners the Saudi Public Investment Fund look set to seal a second major sports takeover in England. It has been almost three years since PIF bought Newcastle for £305m with promises to make the historic club one of the best in the world. As well as ambition on the pitch, the new owners promised to invest heavily in both the infrastructure of the club and the surrounding area. The sovereign wealth fund has committed to the regeneration of the city, similar to what has been seen in another post-industrial city in the North with owners from the Gulf. Abu Dhabi United’s takeover o…