June to July 2020 - NUFC

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This is the reason according to Jason Burt football writer for the torygraph
It was the Premier League not being satisfied that the Public Investment Fund, which was taking an 80 per cent stake in the club, was independent on the Saudi state. In fact although it has not ruled on the takeover yet the Premier League insisted the connection had to be formally established. “They wanted the state of Saudi to effectively be a director of the football club and that was impossible. The directors and owners test was written for individuals not a state,” a senior source said.
 
mad cyril said:
I certainly would welcome investment in a Sunderland, I spend a lot of time there as do a lot of others. Likewise countless Sunderland folk enjoy the investment that has gone into Newcastle. It’s very much a good thing.
It’s not all about football, to me it’s not anyway.
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Could be wrong here, but I was always under the impression that companies tend to invest in order to make more money. Surely there must be a way for these companies to invest in an area where they believe they can make a good return on their investment without the need to buy a football club first?
 
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pierrot said:
This is the reason according to Jason Burt football writer for the torygraph
It was the Premier League not being satisfied that the Public Investment Fund, which was taking an 80 per cent stake in the club, was independent on the Saudi state. In fact although it has not ruled on the takeover yet the Premier League insisted the connection had to be formally established. “They wanted the state of Saudi to effectively be a director of the football club and that was impossible. The directors and owners test was written for individuals not a state,” a senior source said.
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And they still think it might still happen 🤣🤣
 
https://twitter.com/x/status/1289141147751919616

Just embarrassing
Mr B said:
Could be wrong here, but I was always under the impression that companies tend to invest in order to make more money. Surely there must be a way for these companies to invest in an area where they believe they can make a good return on their investment without the need to buy a football club first?
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They wanted to buy them cos like millions around the globe they are massive Toon fans mate.

Hope this helps 👍
 
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pierrot said:
This is the reason according to Jason Burt football writer for the torygraph
It was the Premier League not being satisfied that the Public Investment Fund, which was taking an 80 per cent stake in the club, was independent on the Saudi state. In fact although it has not ruled on the takeover yet the Premier League insisted the connection had to be formally established. “They wanted the state of Saudi to effectively be a director of the football club and that was impossible. The directors and owners test was written for individuals not a state,” a senior source said.
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PIF acts for the crown prince
 
Rosco said:
Of course it would have been good for the NE you bellend.....worlds richest club would have had a very positive effect on the area.....But on a lighter note we all look forward to another chancer taking your club over
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And if this wasn't proof enough of a mag that can dish but not take I don't know what is.
 
Exile 1968 said:
https://twitter.com/x/status/1289141147751919616

Just embarrassing

Dear Mr premier league man,
I, like many others am outraged by your handling of this situation. The chance of the glory days being back at the toon and you go and drive the Saudis away. I ask for a bank transfer of £5.50 for the Saudi flag I purchased from eBay under the assumption that the deal would go through.
I leave you with a quote from my best mate who is a singer
"oh wa jawdees and yas divnt undastand"
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young2077 said:
Fans now?

Well if fans had a say the millions supporting them would have more joy than any surely?

They just dont want to see it do they.
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Well having a pop at their club and accusing them of not having fans before their shiek owner came in, which genuine football fans know isn't true.
 
Mr B said:
Apparently PIF only recently saw this embarrassing piece of work yesterday and decided it was time to withdraw their involvement with these simpletons.
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Just that one piece of work, jesus they have bloody thousands of cringy shite
 
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