NUFC thread 2021.

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Cloughie said:
To be fair, it was never about commercial viability, it was buying a billboard in the biggest league in the world.
Also, if I had a pound for every-time Luke Edwards has got something spectacularly wrong during this process I'd be speaking from my holiday home in Barbados.
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Well this is the point isn’t it?

The statement says “global uncertainty has rendered the potential investment no longer commercially viable”.

I think that’s the only time that all 3 parties in the takeover have spoken with one voice, and it’s a statement that seems to have been completely ignored.

It suggests to me that this takeover was never going to be quite what a lot of mag fans thought it was, especially when you remember the reports of haggling over the asking price. Maybe making a profit was going to be the main motivating factor rather than being a billboard? I certainly never saw any evidence at all for any investment in the region.

The situation regarding “global uncertainty” doesn’t look resolved to me, so why the conviction that this deal is back on the table?
 
Skellington said:
Well this is the point isn’t it?

The statement says “global uncertainty has rendered the potential investment no longer commercially viable”.

I think that’s the only time that all 3 parties in the takeover have spoken with one voice, and it’s a statement that seems to have been completely ignored.

It suggests to me that this takeover was never going to be quite what a lot of mag fans thought it was, especially when you remember the reports of haggling over the asking price. Maybe making a profit was going to be the main motivating factor rather than being a billboard? I certainly never saw any evidence at all for any investment in the region.

The situation regarding “global uncertainty” doesn’t look resolved to me, so why the conviction that this deal is back on the table?
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'Commercially viable' suggests they'd make money from it. I never for a moment sensed they were in it to make money. If anything it was an investment that they felt would hold value because the Premier League is the Premier League. The main benefit was that it once again normalised their presence in western culture.

Also, just because you're rich doesn't mean you don't haggle. If anything the rich folk I've met are the hardest to negotiators. I also never thought Mbappe et al was likely. It's like a tramp winning the lottery. You'd never get a fair price.
 
Cloughie said:
'Commercially viable' suggests they'd make money from it. I never for a moment sensed they were in it to make money. If anything it was an investment that they felt would hold value because the Premier League is the Premier League. The main benefit was that it once again normalised their presence in western culture.

Also, just because you're rich doesn't mean you don't haggle. If anything the rich folk I've met are the hardest to negotiators. I also never thought Mbappe et al was likely. It's like a tramp winning the lottery. You'd never get a fair price.
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Yeah, I gathered that.

And yet there it is in the statement, in black and white, straight from their own mouths.
 
Skellington said:
Yeah, I gathered that.

And yet there it is in the statement, in black and white, straight from their own mouths.
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Of course it is, because why would you say anything else? There's a massive sense of embarrassment for the Saudi's here, they're not used to hearing no, especially with a trade partner like the UK. We'd sell them weapons but not a football club? To be clear - I am totally against this deal, always have been, but I'm not ignorant to all aspects of it.

Them saying 'commercially viable' makes it seem like they chose to sack it off rather than being denied the opportunity.
Wearside Wanderer II said:
Waaaaalsend
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America, you silly sod.
 
Cloughie said:
Of course it is, because why would you say anything else? There's a massive sense of embarrassment for the Saudi's here, they're not used to hearing no, especially with a trade partner like the UK. We'd sell them weapons but not a football club? To be clear - I am totally against this deal, always have been, but I'm not ignorant to all aspects of it.

Them saying 'commercially viable' makes it seem like they chose to sack it off rather than being denied the opportunity.

America, you silly sod.
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They did say something else though - they blamed the premier league as well:


Newcastle United were set to make a move for two Leicester City players this summer.

According to The Mirror, the Saudi-backed consortium who planned to take over at St James' Park were eyeing Demarai Gray and Hamza Choudhury.

The consortium, lead by Amanda Staveley, had their eye on four players in total, with Bournemouth's Callum Wilson and PSG's Mauro Icardi also shortlisted.

The takeover eventually failed after the consortium withdrew their bid, citing the current coronavirus crisis and the long wait they faced for the Premier League to make a decision on whether to approve their takeover as their reasons.

www.leicestermercury.co.uk

Newcastle United planned to sign Leicester duo before takeover collapse - report

A case of what might have been for the Magpies
www.leicestermercury.co.uk www.leicestermercury.co.uk


So they spent a few weeks knocking down Mike Ashley's asking price, before sounding out bids for Leicester City squad players, someone from PSG, and a striker you signed anyway. Then they walked away citing delays and a lack of commercial viability caused by coronavirus.

Seems a very strange way for an oil rich sovereign state to project its soft power across the world, but most mags seem to have expected glory.
 
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