If the Saudi's are backing Francis' next fight, it's high risk, high reward.
And compared to any other fight capable of generating huge money, it's still the one Joshua is most likely to win. He's far more likely to be beat Francis than he is to survive Wilder, imo.
Whether he beats Ngannou or not, the Fury fight is still a chance. And we all know you can't sit around waiting for Fury anyway, he'll duck you for years.
To me, AJ’a reputation is on life support. A loss to Francis may be the end for him. I could be wrong.