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June to July 2020 - NUFC

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AndyH said:
couldn't tell you, I thought in all of the guff I have read about the take over in the last few months that i read they bought into a couple of American banks along with a cruise company and Disney and a few others, I might be mistaken though, not something i have a interest in so it probably just went in one ear and out the other.
Didn't Qatar or UAE have some sort of buy in a loan agreement with Barclays as well, was that not what the Staveley court case is about? again I may well be wrong there, just stuff floating around the back of my head someplace.
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You say with great authority "considering how heavily they are invested in banking" but then have zero substance to back it up. As it happens PIF Have small holding in BoA, Citigroup and Berkshire Hathaway. The list of rules governing which stocks are Shariah Compliant and which are not are very complex and these definitely are not. I doubt they would buy a direct stake in a gambling firm and as the sponsorship will be less than 5% of turnover it would not prevent them investing in NUFC. Though it would be pretty embarrassing for the "Saudi PL team" to be sponsored by a gambling company.
jlaws said:
What do they do that would not be?
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Actually you are right - 10.48% of income was from interest, which makes it non-compliant.
 
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Cloudbase said:
Strange Andy, isnt there something about gambling companies being banned as shirt sponsors some time this year?

He heard a well known fan would be appointed to the board and he’s throwing everything at it.
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That sounds about right. He seems desperate to get himself involved there, makes out on podcasts that he knows Benitez, Staveley. Some fans seem to hang on his every word.

I'm not even sure if he goes to the match much, certainly not spotted at many away game or anything. He makes sure he is photoed though if he is in the posh seats at home games.
 
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