Sport

Saudi fund looking to add another top European team to Newcastle after Uefa changes multi-club rules

It comes less than a week after European football’s governing body Uefa said it would allow a host of clubs with the same owner to compete across its elite competitions

The acquisition of Newcastle United remains one of Saudi Arabia’s most high-profile sporting investments to date. Picture: Getty Images

Saudi Arabia’s Public Investment Fund (PIF) is considering buying another top European football club after its successful purchase of Newcastle United, according to report.

It comes as the kingdom prepares for more big spending in sports following its heavy investment in recent years.

PIF has in recent days switched from only considering the addition of smaller teams to its football stable, to potentially buying another team from one of Europe’s five big leagues, according to ...