For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

It's the equivalent of an oil strike for British strikers.

Saudi Arabia's state-run Public Investment Fund announced Wednesday it will pour $80.6 million into the Newcastle United Football Club, which it purchased last year and now sits at an impressive third place in the Premier League. The cash infusion is the latest signal of Gulf State soccer mania and comes just weeks before the region hosts its first World Cup.

Continue reading

Source Fool.com