Newcastle United owners the Saudi Public Investment Fund are eyeing their next big acquisition. The owners, who bought the club for £305m in October 2021, command assets of over £700bn and have made football a key target market as they seek to diversify away from fossil fuels ahead of 2030. This has since PIF invest heavily in the Saudi Pro League, where they are not anchored by the same Profit and Sustainability (PSR) constraints as Newcastle are in the Premier League. Saudi Arabia have also effectively won the rights to host the 2030 World Cup given that there are no other bidders in the pro…