Eddie Howe's departure as Newcastle manager signals potential trouble for the club's aspirations to become a global powerhouse under Saudi ownership. Since the PIF takeover in 2021, Newcastle's spending has been constrained by Profit and Sustainability Rules (PSR). The club spent £404.7m on transfers in their first three years but only recouped £50.4m from sales, leading to difficult decisions like selling homegrown talent.

Despite welcoming new Financial Fair Play rules like the Squad Cost Ratio (SCR), which links spending to revenue generation, Newcastle's SCR budget ranks ninth in the Premier League. Further complicating matters, the PIF withdrew multibillion-dollar backing from LIV Golf in April, raising questions about future investment in the club, though senior figures maintain the PIF remains engaged.

Newcastle's revenues have more than doubled to £335.3m, and plans for a new training ground and stadium improvements aim to boost matchday revenue. The potential appointment of Jaissle, currently managing Saudi side Al-Ahli (previously majority-owned by PIF), adds another layer of intrigue to the club's future direction.