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PIF sports funding


Frankly I hope they stay. They seem about as bothered in Newcastle as Keir Starmer is about vetting his members of staff. I.e negligent. If they were to sell then someone shelling out far nigh a billion quid on a football club will probably be significantly more invested. And might actually sort a ground out and buy the werld class playas they want. Far better to keep this lot in place who seem happy with the hands off, mañana mañana, Mike Ashley vibe
 
Frankly I hope they stay. They seem about as bothered in Newcastle as Keir Starmer is about vetting his members of staff. I.e negligent. If they were to sell then someone shelling out far nigh a billion quid on a football club will probably be significantly more invested. And might actually sort a ground out and buy the werld class playas they want. Far better to keep this lot in place who seem happy with the hands off, mañana mañana, Mike Ashley vibe
I think the same
 
Frankly I hope they stay. They seem about as bothered in Newcastle as Keir Starmer is about vetting his members of staff. I.e negligent. If they were to sell then someone shelling out far nigh a billion quid on a football club will probably be significantly more invested. And might actually sort a ground out and buy the werld class playas they want. Far better to keep this lot in place who seem happy with the hands off, mañana mañana, Mike Ashley vibe

I think they'd find it hard to get that billion pound asking price for a club as far north as Newcastle.

It would be interesting to see if PIF would be as disinterested as they are now if they had bought someone like Chelsea, and all the prestige of owning a club in London instead.
 
An article in today's Telegraph spells it out
“It’s not about the PIF pulling back from global investing altogether. But it will become a lot more selective and a lot more tied to domestic priorities.”

This means fewer investments into the likes of Premier League football club Newcastle United, and more into companies that feed back into Saudi Arabia’s internal efforts to reduce its dependence on oil revenue.
 
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