PIF sports funding

[Rottie]

I don't think that's the case is it? Sounds like they are continuing to invest in football providing they aren't losing money.

Isn't that an oxymoron

 

[Arkle]

Sport comes under entertainment.

You're not watching Arsenal vs Sporting then?

 

[Cucaracha]

Laugh if Mike Ashley buys them again. Wuv got wor clurb back.

 

[KGC83]

Sport comes under entertainment.

Why they pulled the plug on the golf? Surely that would come under entertainment?

 

[glendvd100]

Comments in this. As I said, even the mags know it’s all bollocks now.

You must be logged on to see media items

 

[Zen Den]

Yeah but I don’t think now that the Saudis would even take advantage of that.

Based on the breaking news, no! I think this has to be good!

 

[Botchie]

I think there would be plenty of buyers for Newcastle if Saudis called it a day.
Theres a lot of multi billionaires in the world these days.

I'm not too bothered if PIF stayed, they will be scaling down as discussed and they haven't exactly impressed in developing the club on or off the pitch.

I think the ideal scenario is that PIF continues to own them, but invests the bare minimum to keep them going. I honestly don't understand how an investment fund would see owning a football club as something they're going to get big returns on. Especially as we move further into a world where being self sustainable is the expectation.

 

[Zen Den]

Cans?

 

[Doberman]

Why they pulled the plug on the golf? Surely that would come under entertainment?

The way it was worded in the OP makes it sound like they are selling up on all sporting assets and moving onto something else which is clearly not the case.

 

[Skrabble]

Wheelie bin/ paddling pool ice baths for the foreseeable future.

They'll have to set a gofundme page up and petition the government soon.

 

[Rossi]

It’s a given. Soon as they got the World Cup the mags had served their purpose. There is nowt in it for the Saudis.

Hope so

 

[Broony70]

Sport comes under entertainment.

Not when you are watching the visitors it doesn’t

 

[sofatester]

Nowts going to happen regarding the barbaric owners of nufc pulling out but I very much doubt Newcastle utd are anywhere near a priority for them especially with the war going on on the middle east.

 

[DrewC]

They have had no interest in Newcastle for ages

You can smell the landfill miles away.

 

[johnny kay tackle]

Not when you are watching the visitors it doesn’t

The match last month was entertaining AF

 

[KGC83]

The way it was worded in the OP makes it sound like they are selling up on all sporting assets and moving onto something else which is clearly not the case.

I’m not sure what clearly is the case tbh mate. For them to pull the plug on the golf a day before a tournament in Mexico isn’t a good look at all and I would be worried if it was us.

 

[Redandwhitedust]

I don't think that's the case is it? Sounds like they are continuing to invest in football providing they aren't losing money.

So theyre going to run their sporting investments as a business.

When Ashley did this, the bedsheets came straight out

 

[glendvd100]

Interesting little thread…..

You must be logged on to see media items

 

[Be Here Now]

Cans?

Logon or register to see this image

 

[im not roland rat]

I think the ideal scenario is that PIF continues to own them, but invests the bare minimum to keep them going. I honestly don't understand how an investment fund would see owning a football club as something they're going to get big returns on. Especially as we move further into a world where being self sustainable is the expectation.

Was talking to someone about club valuations the other day and the Americans think our clubs are massively undervalued in comparison to NFL teams where the clubs are valued far higher but the TV deals are far lower. I’d expect the value PIF see is in what the next TV deal looks like. Putting £1bn into a a new stadium and training ground won’t add anywhere near that level of value to the club. The next TV deal is where the value comes from and all you have to do to get that is be in the league …. Mind that’s easier said than done, just look at Spurs!