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NUFC and other Sportswashing Spring 2022

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king of the road said:
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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There doesn't have to be transparency at all. Do you think Saudi Aramco will open their books to any other company?
Fo the JV they will supply bank guarantees and insurances.
 
derum said:
There doesn't have to be transparency at all. Do you think Saudi Aramco will open their books to any other company?
Fo the JV they will supply bank guarantees and insurances.
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They opened their books when they went to the NYSE a few years ago. First time they’d been public.
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Aramco isn’t the murky part. It’s the interaction between the government and PIF that I was trying to understand
 
seaham ftm said:
AJ to fight Usyk in saudi the horrible bastard
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If he'd fought Usyk in Tottenham first time out the situation could have been avoided.

Mackem2017 said:
Are these just being thick on purpose?

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Hamilton basically said they shouldn't be there. That was before the missiles were getting lobbed towards him. AJ will get absolute pelters for fighting there.

This victim mentality the mags have developed is almost as shameful as their owners.
 
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two left feet said:
I’ve just been offered a job in Saudi and I have to be honest, I am genuinely in a dilemma weighing up my morals against knowing I’ll never need to worry about my family financially again.
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Are you going to work for the religious police? Or the government? Or PiF? (which is absolutely not the government)

Or will you be a civilian contractor working for a firm where your labour is for their profit not the states? That makes a difference.

I worked in Abu Dhabi years ago. It was a hell of an experience and I made friends for life. The money, experiences and contacts I made were life changing. It nearly cost me a relationship mind, but we survived it and are still married.
 
Adam ‘I’m not a nonce’ Pearson kicked out of the ground tonight :lol:
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Exile 1968 said:
They certainly do not hate you. They've blown smoke up your arses for years for no good reason. Even now when the Cup 3rd round comes up they describe you as being a great Cup team whilst in reality you've not won the thing for over half a decade.

The Saudi love in is and will come to an end and as said earlier there's no way you'll get owners who are as rich as the Saudi scum. Sold your souls to the Devil & constantly defending them has made you the most hated club in the UK.

I'm just jealous obviously 🙄
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Steady, don't go approximating stuff on here or the sums nerds will be after you. They are ruthless operators(geddit) them lot.

That said it's well over half a century, not half a decade, that we won it.
 
king of the road said:
They opened their books when they went to the NYSE a few years ago. First time they’d been public.
You must be logged on to see external links
Aramco isn’t the murky part. It’s the interaction between the government and PIF that I was trying to understand
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As you have shown an interest and I had to go on Bb to update some spreadsheets here is the bizarre ownership of Aramco.

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They only sold 1.5% of stock and raised 23.6bn. They will sell more when they need the cash but I look at it like a "have you cake and eat it" problem as they don't want to relinquish control of state assets. I don't think they have formally transferred the shares over yet and that SWF quote is he Japanese Gov Pension who have a small holding.

Here are PIF's Saudi holdings....the market would collapse if they withdrew. So 150bn of the quoted 300bn of AUM is effectively illiquid.

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They of course have others (another 53bn) and the rest is infrastructure and some private equity and reasonably less liquid. Of that 53bn, 2.5bn is in Uber ..... they have lost 1bn on it already.

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This is why I always chuckle when people say they are not owned by the Government. They are pretty much reliant upon Gov funding - they had 40bn of FX reserves given to them in recent years and the 80bn of Aramco.

My view has always been that they will improve the club off and on the pitch and sell on for 1 to 1.5bn (300m was ridiculously cheap). The likely seller being another Saudi who is "asked" to buy them.
 
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