• The first stage of the forum upgrades has now been completed but they remain in a degraded state and are still being worked on.
    Please read this thread for more details.
    New user registrations are currently disabled.

PIF sports funding

L1lyBrown said:
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.
Click to expand...
Oh dear, how sad, never mind.
 

L1lyBrown said:
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.
Click to expand...
So more AI than why aye in the future? Oh dear.
 
L1lyBrown said:
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.
Click to expand...
Unless NUFC are moved to Saudi. They don’t own their ground as I believe it sits outside the Newcastle group of companies and Saudi will have loads of unused ones they’re building for the World Cup.
 
Pif are still making noises about not flogging the mags ....but liv golf buying the farm is extremely telling.

Id speculate that within pif there is more than a small degree of buyers remorse... they wanted man u and got greggs city with all it batshit rotund loopers. And for the first time they've lost momentum... stick or twist ... and a middle east crisis fermenting
 
contrarian said:
Despite some of the derisory responses, PIF may be moving from Golf/LIV but their commitment to NUFC remains
Don’t know how to post links but there is a big article in today’s Times, confirming this
Click to expand...
When posting click the button that looks like 2 chain links (4th from left) and paste in thr url
 
not spavin said:
Think the stadium thing sums it up. Rather than say "no new stadium lads" they keep on announcing that they're investigating options that are tied up in years of red tape.

Meanwhile all the stuff they could be getting on with now - new training ground, regional investments etc. - are nowhere to be seen.
Click to expand...
Jam tomorrow, lads, Jam tomorrow, we promise, Jam tomorrow, Jam, it's coming, Jam tomorrow lads, Jam.
 
John the Savage said:
Jam tomorrow, lads, Jam tomorrow, we promise, Jam tomorrow, Jam, it's coming, Jam tomorrow lads, Jam.
Click to expand...

The fans have dug themselves in a real hole here.

5 years buying obvious horseshit about their ownership structure, 5 years of pretending that they're on the cusp of global dominance, 5 years of blaming PSR and "the cartel" for every issue.

Now they've got Saudi Arabia overtly telling the world about a change in priorities, owners who don't bother turning up for matches anymore, every decent player looking to leave and a £250m summer window that left them in 14th.

That leaves the fans with a choice? Do you continue to allow yourself to be sportwashed, knowing that all it gets you is humiliation? Or do you admit you were wrong all this time, and accept that state ownership is bad and the little old Sunderland were right all along?
 
not spavin said:
The fans have dug themselves in a real hole here.

5 years buying obvious horseshit about their ownership structure, 5 years of pretending that they're on the cusp of global dominance, 5 years of blaming PSR and "the cartel" for every issue.

Now they've got Saudi Arabia overtly telling the world about a change in priorities, owners who don't bother turning up or matches anymore, every decent player looking to leave and a £250m summer window that left them in 14th.

That leaves the fans with a choice? Do you continue to allow yourself to be sportwashed, knowing that all it gets you is humiliation? Or do you admit you were wrong all this time, and accept that state ownership is bad and the little old Sunderland were right all along?
Click to expand...
And a firesale...
Wissa?
Woltamade?
 
not spavin said:
The fans have dug themselves in a real hole here.

5 years buying obvious horseshit about their ownership structure, 5 years of pretending that they're on the cusp of global dominance, 5 years of blaming PSR and "the cartel" for every issue.

Now they've got Saudi Arabia overtly telling the world about a change in priorities, owners who don't bother turning up for matches anymore, every decent player looking to leave and a £250m summer window that left them in 14th.

That leaves the fans with a choice? Do you continue to allow yourself to be sportwashed, knowing that all it gets you is humiliation? Or do you admit you were wrong all this time, and accept that state ownership is bad and the little old Sunderland were right all along?
Click to expand...
Great post-nail on the head. The fans will do what they've always done: delude themselves, less money in LIV golf; more focus on them.
 
EcosseMackem said:
Which Times ?

Can't see anything of the sort on the website
Click to expand...
It’s a footnote from Martin Hardy within the main article on them pulling out of LIV golf.

All it says is “The Times understands that pulling out of LIV golf is unrelated to their investment in Visitors United”
Nowhere does it state that their commitment to them remains.

So I’d actually be more worried if I had the misfortune to be a visitor as PIF are not stating that they are committed. IMO, if they could find a buyer, they would sell up in a heartbeat.
 
Last edited:
Barista said:
It’s a footnote from Martin Hardy within the main article on them pulling out of LIV golf.

All it says is “The Times understands that pulling out of LIV golf is unrelated to their investment in Visitors United”

So I’d actually be more worried if I had the misfortune to be a visitor as PIF are not stating that they are committed. IMO, if they could find a buyer, they would sell up in a heartbeat.
Click to expand...
They could hold onto to them for a while ...run them im a sensible sustainable way...then flog then when they can ... very similar to fat Mike

Remember the early days of his reign....mike cashley... pints with the fuckers .. then it all went sour
 
Last edited:
You must log in or register to reply here.
Back
Top