PIF sports funding

[nelford_safc]

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

Something isn't adding up. They don't need a profit. It surely has to all be about imagine. Yes they'll not want to lose money but they only bought them for a weeks worth of oil.

 

[GBSAFC]

Something isn't adding up. They don't need a profit. It surely has to all be about imagine. Yes they'll not want to lose money but they only bought them for a weeks worth of oil.

Breaking even would be a result at this stage ... they wanted to sport wash but all it seem to was highlight the fact that they were sport washing ... one league Cup and 800m spent

 

[ajthemackem]

And a firesale...
Wissa?
Woltamade?

I'd honestly take a punt in Elanga for the right price...

 

[Zak's Dad]

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.

I reckon they fancied trying to join a European super league by the back door, and that they'd join the league with NUFC then move NUFC to Neom in the same way that group tried to move Wimbledon to Dublin.

 

[Blyth]

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.

There’s a push to try and get Saudi clubs eligible for the champions league.

 

[gods_homeboy]

There’s a push to try and get Saudi clubs eligible for the champions league.

It's happen in basketball with the Euroleague allowing a Saudi club play in the competition. Usually what happens in European basketball competition is followed in the European football competitions.


Also, some Newcastle fans at work are saying they are better off spending wise if they don't qualify for Europe....getting the excuses in already

 

[thamesvalleyman]

These are some of best the times in the history of SAFC, but 99% of the posts on here are about NUFC. Why?

Aye you're right. Being 11th is much better than the 6 seasons we won the league or the 2 seasons we won the FA Cup. In fact this season is also better than the 2 7th places were under Reidy. We've never had it so good.

 

[SR7]

There’s a push to try and get Saudi clubs eligible for the champions league.

What is the point in UEFA if they're going to allow teams from AFC to compete in their competitions? May as well just mothball the confederations and let everything run under FIFA if that's the case.

 

[ned_werby]

PIF abandoning plans to bid for rugby WC, amongst a host of other cutbacks.

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[Honess10]

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.

Not sure they’d get a billion but it would be 750million plus you’d think. Either way for that money the buyers would be unlikely to then sit on their hands you’d think.

 

[nelford_safc]

£750m spent but they’re not at the top cos they’re not allowed to spend.

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[Spargel]

Aye you're right. Being 11th is much better than the 6 seasons we won the league or the 2 seasons we won the FA Cup. In fact this season is also better than the 2 7th places were under Reidy. We've never had it so good.

There are two threads about The Visitors on page 1 of Forum at the moment. I did Maths to GCSE level only but pretty sure that doesn't equate to 99%.

 

[EcosseMackem]

Been a horrible season for you’s hasn’t in

They are desperate

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.

Ahh right
So the ultra intelligent visitors are reading that as

"PIF will continue to spunk billions on the basket case of a football club that they purchased in a moment of madness in 2021

We await the outcome of the 115 charges levelled at Manchester City and if they are found guilty then 20 galacticos from around the world are ready to board private jets to Ponteland Airport
Please note, all of the above is dependent upon the British government funding our new stadium in full"

Utter Tubes the lot of them

 

[MackemTackem]

These are some of best the times in the history of SAFC, but 99% of the posts on here are about NUFC. Why?

You do realise that a Thread has a titled name so people can post on it, think you have threads and posts mixed up, so a thread created about Claire Balding Gordon wanting to leave, well you can imagine most the posts on it are going to be about that subject and a lot of us on here like to post and have a laugh about it, now there is maybe 3-5 threads created about something about nufc at the moment but most the threads on Pure Football are Sunderland based but you get the odd one that is about other football clubs or players, we do have a huge Visitors/nufc thread in Parsnip where most nufc threads are merged in it where we all like to have a good laugh at the mags and the crazy things there fans post on social media, there is a big reason we call the mags a special breed and it is why SAFC and a lot of other teams fans in the UK think you are a basket case of a club and fans. Long may these mag meltdoons continue for all our enjoyment

 

[Father Jack Hackett]

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.

They’ve served their purpose and now being kicked out of bed with a taxi called

 

[Redandwhitedust]

Something isn't adding up. They don't need a profit. It surely has to all be about imagine. Yes they'll not want to lose money but they only bought them for a weeks worth of oil.

Problem is the Saudis have lots of projects that dont make a profit. Lots and lots.

And as a sensible investment firm theyre looking at projects and selling up or scaling back because the more projects that arent making a profit, the worse your profit will be.

 

[ATTACK ATTACK ATTACK]

£750m spent but they’re not at the top cos they’re not allowed to spend.

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[Nasser Butt-Head]

I'd honestly take a punt in Elanga for the right price...

When you say right price, you mean fuck all yeah?

 

[Botchie]

What would be the point of that?

What would be the point of them not ploughing money into the squad? It would be funny as fuck, that would be the point.

 

[janey]

Imagine in 20 years time kids saying

“Dad/Granda why did you jump around wearing a teatowel on your head singing we are the richest clurb in the world, when all we have won is the Carabou cup, because the people you jumped around celebrating us being taken over, didn’t give a shiny shit”