The Saudi Public Investment Fund (PIF) era at Newcastle United has been so far been defined more by their PSR compliance strategy than their transfer spending. Granted,Newcastle‘s Gulf state paymasters have only been outspend on a net basis by Arsenal, Tottenham, Man United, Chelsea since the takeover in October 2021. But the cost of bringing the likes of Alexander Isak, Sandro Tonali and Anthony Gordon to St James’ Park is catching up with them. To Eddie Howe‘s great frustration, they were forced to sell two of their best young prospects before the 30th June PSR cut-off in order to get within…
