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NUFC and other Sportswashing Spring 2022

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Ghandi Floss said:
Not really an insult to me.
Like I’ve said before, I was brought up Labour, both Grandads being miners for over 50 years each. But also brought up to respect other peoples views.
They had proper values. Often helping out in the community.
Unlike pretendy online socialists, like yourself.
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The fact that you don’t consider being called a Tory an insult, speaks volumes.
 
Islamofascism, Trump fuelled fascism, Chinese state backed fascism, RLL:AITUK fascsim. I stand against it all. Not like you, you little lapdog.
 
Islamofascism, Trump fuelled fascism, Chinese state backed fascism, RLL:AITUK fascsim. I stand against it all. Not like you, you little lapdog.
 
jlaws said:
It won't be needed....they just got 80bn worth of Aramco shares from the Government. The same government that don't own them
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I know you work in this area but how does the whole Aramco interaction with the government and the PIF work? The shares are traded on the Saudi stock exchange but it’s pretty much 100% owned by the government? So if the govt gives PIF shares and they want some cash dollars who do they sell those shares to?
Ghandi Floss said:
It’s hardly like being called a Mag.
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You can choose your political persuasion but not your football club.
 
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king of the road said:
I know you work in this area but how does the whole Aramco interaction with the government and the PIF work? The shares are traded on the Saudi stock exchange but it’s pretty much 100% owned by the government? So if the govt gives PIF shares and they want some cash dollars who do they sell those shares to?

You can choose your political persuasion but not your football club.
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It is very murky. They went down the issuing shares thing in the 2000's but the market collapsed 2008 and there is now little trust and it is not a "fair game". If PIF sold their shares in their holdings the market would collapse and I hold little store by the current valuations of those shares as there is no one there to buy all those shares. So whilst PIF may be wealthy on paper they have little liquidity except in the US shares they own.

Some Aramco are in the public domain and freely traded but it is a small amount. The rest are authorised but unissued shares. When the time is right they will issue more of those shares, which was the original intention. I will go on Bloomberg later and post current owners if you are interested.
 
Thunder Road said:
To be honest I don't blame anyone for taking opportunities like this.

I personally would not want to live there or work for the Saudi state but if I was offered a big enough sum I'd find it hard to turn that down as my family come before my morals!
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When I can do five years and retire early knowing my family are provided for, I absolutely agree, they come first ….. and that’s after slagging the Mags for their owners
 
jlaws said:
It is very murky. They went down the issuing shares thing in the 2000's but the market collapsed 2008 and there is now little trust and it is not a "fair game". If PIF sold their shares in their holdings the market would collapse and I hold little store by the current valuations of those shares as there is no one there to buy all those shares. So whilst PIF may be wealthy on paper they have little liquidity except in the US shares they own.

Some Aramco are in the public domain and freely traded but it is a small amount. The rest are authorised but unissued shares. When the time is right they will issue more of those shares, which was the original intention. I will go on Bloomberg later and post current owners if you are interested.
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Cheers, I read a few years ago, before NUFC involvement, that Aramco were close to Apple in market cap but the valuation was iffy due to the fact of where the shares were traded. Looks like it’s $2.3 trillion at present. Current oil price means cash flows will be better than ever.
Aramco have JVs with large US Corps (eg Dow) so they’re has to be transparency.
 
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