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PIF sports funding

Now all but confirmed that LIV Golf is winding up.

Saudis have lost USD 1.1 billion on it since inception.

Reports also that Staveley is working on a new consortium (probably US figures mostly) to purchase a club, Newcastle are a possible target, as are West Ham. Tottenham will also attract interest given they’d be so undervalued right now.
 

Yasir Al-Rumayyan needs to be careful, everything he touches, he seems to fuck up and lose a fortune. His boss won’t be impressed.
 
From the BBC "But with vast amounts of money pumped into the US arm of the operation, overall losses look likely to run to several billion dollars."

From PIF re LIV golf "no longer consistent with the current phase of PIF's investment strategy". I wonder what phase the visitors are in?

The Saudi government recorded a budget deficit of $80B last year, can see why their strategy is being realigned. Neom, The winter Olympics, the World Expo and the FIFA world cup all still in progress and on the horizon and all cripplingly expensive.
 
This is a really good read for any who might be interested.

You must be logged on to see external links

It has taken four years to reach the moment of truth, when all the bluffing by LIV’s executives, players and bootlickers — about growing the game, about infinite funding, about audience enthusiasm, about investors lining up to buy teams, about meaningful media deals, about an influx of sponsors, about this being only move six in a long chess game that skeptics are too dumb to understand — is exposed for what it was.

Undiluted bullshit.

The entire sport has been distorted and diminished by LIV’s existence, but an accounting of the rampant charlatanism (actual and unrealized) of recent years extends beyond the league’s players, even those who groomed the next generation of their countrymen to do the same for less and follow them into a dead end. Chiefly the agents who funneled clients into this folly while skimming a hefty percentage, one of whom is known to tell anyone who’ll listen that his grandkids now won’t have to work.

It’s a bit interesting that football actually (now) has guardrails up to stop them just buying the sport.

Of course, that’s after others (chiefly Man City’s owners in this country) had already done it.

That’s the problem with sportswashing. It is just an exercise in spraying endless dollars onto anybody who will take it. The sport - which is just the hose - is hollowed out, frayed and ultimately damaged beyond repair.
 
The reason I've had from mags as to why they'll still be part of PIFs plans is that they make money whereas LIV didn't.

From what I can tell they've required a few cash injections just to balance the books and the recent stadium sale is another example of this, they're not making money either.
 
APH said:
The reason I've had from mags as to why they'll still be part of PIFs plans is that they make money whereas LIV didn't.

From what I can tell they've required a few cash injections just to balance the books and the recent stadium sale is another example of this, they're not making money either.
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Just about all football clubs are money pits, so they are as deluded as ever.
They also think that the binning of LIV is so that the PIF can concentrate its resources on Visitors United :lol:. There is some serious deluded thinking going on with them.
 
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Hot Since 82 said:
From the BBC "But with vast amounts of money pumped into the US arm of the operation, overall losses look likely to run to several billion dollars."

From PIF re LIV golf "no longer consistent with the current phase of PIF's investment strategy". I wonder what phase the visitors are in?

The Saudi government recorded a budget deficit of $80B last year, can see why their strategy is being realigned. Neom, The winter Olympics, the World Expo and the FIFA world cup all still in progress and on the horizon and all cripplingly expensive.
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if they can deliver the winter olympics then fair play to them
 
ATTACK ATTACK ATTACK said:
2 photos from that article 🤣

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Woltemade is currently being thrown under the bus by the tame journos. He's going to be Howe's scapegoat imho for the poor season. The tone from the mag press seems to have turned towards achieving this already.

We should make a cheeky offer to them to take him on loan and let RLB develop him, but only if the mags pay most of his wages.
 
si73 said:
Woltemade is currently being thrown under the bus by the tame journos. He's going to be Howe's scapegoat imho for the poor season. The tone from the mag press seems to have turned towards achieving this already.

We should make a cheeky offer to them to take him on loan and let RLB develop him, but only if the mags pay most of his wages.
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Why on earth would you want to develop a Newcastle player ?
 
ozcat said:
This is a really good read for any who might be interested.

You must be logged on to see external links

It has taken four years to reach the moment of truth, when all the bluffing by LIV’s executives, players and bootlickers — about growing the game, about infinite funding, about audience enthusiasm, about investors lining up to buy teams, about meaningful media deals, about an influx of sponsors, about this being only move six in a long chess game that skeptics are too dumb to understand — is exposed for what it was.

Undiluted bullshit.

The entire sport has been distorted and diminished by LIV’s existence, but an accounting of the rampant charlatanism (actual and unrealized) of recent years extends beyond the league’s players, even those who groomed the next generation of their countrymen to do the same for less and follow them into a dead end. Chiefly the agents who funneled clients into this folly while skimming a hefty percentage, one of whom is known to tell anyone who’ll listen that his grandkids now won’t have to work.

It’s a bit interesting that football actually (now) has guardrails up to stop them just buying the sport.

Of course, that’s after others (chiefly Man City’s owners in this country) had already done it.

That’s the problem with sportswashing. It is just an exercise in spraying endless dollars onto anybody who will take it. The sport - which is just the hose - is hollowed out, frayed and ultimately damaged beyond repair.
Click to expand...
A lot of praise should go to PGA, McIlroy and Woods who all stood their ground over LIV.
 
richest said:
Fella on total spurt the other day saying its a good thing they are not in champ league etc next season.
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Eh? But at the start of this season it was all; "Bak whair wa belang!", "Nivver sea a makam in Mihlan!" "Ewropeen neets under tha leets!"

And now, "Wa divvint want tae be in Ewrope, its a deestrakshun from the leegge title!"
 
si73 said:
Woltemade is currently being thrown under the bus by the tame journos. He's going to be Howe's scapegoat imho for the poor season. The tone from the mag press seems to have turned towards achieving this already.

We should make a cheeky offer to them to take him on loan and let RLB develop him, but only if the mags pay most of his wages.
Click to expand...
He’s never been the same player since that OG against us, so I’m intrigued as to what’s been said behind closed doors. He looks absolutely dishevelled every time he puts on a Mag shirt, but plays well for Germany which is telling.
 
sponge said:
Why on earth would you want to develop a Newcastle player ?
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Take your point.

But we get him ower the AoL, show him the error of his ways, he starts transforming into the next Thomas Müller (something the German Mannschaft are hoping happens), bangs in a transfer request stating he only wants to play for the lads "und ich bin jetzt ein Mackem". Crosses the divide for £25m and starts hoying balls all ower for Big Bri to bang in.

Sell him on to Buy'em for £75m with no resale clause to the mags. Ole St Nick comes out in his first interview on German telly after moving back saying mags almost ruined his career while lovely Sunderland reignited his love for the game after Beheaddie scapegoated him...instantly discouraging tons of foreign players from signing for Jawdee Awabia.

If Carlsberg did early morning, cup of tea day dreams.
CheersMarra84 said:
He’s never been the same player since that OG against us, so I’m intrigued as to what’s been said behind closed doors. He looks absolutely dishevelled every time he puts on a Mag shirt, but plays well for Germany which is telling.
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It's obviously something much deeper than the lads confidence or just a downturn in his performances. He's not enjoyed anywhere near the success he did when he first arrived but as you say is still impressing in the national team.

There's a massive element of not being able to shoe horn him into a "Eddie Howe team". And imho Howe is too rigid or clueless to try and set up a team that does anything but kick and rush football. Which doesn't suit Woltemade at all. He's also playing him out of position when he does start or from the bench with hardly anytime to have an impact.

I've said it elsewhere, if they'd paid less than half the fee and made it clear they wanted to develop him, no pressure, time to adapt etc he wouldn't be viewed as the flop they're all starting to say he's become. Imho the fee, the weight of expectation from the orcs and the fact that he 100% isn't the type of replacement they hoped he'd be have created a perfect storm.
 
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Flea Market Trader said:
Im not a bitter individual, but if PIF decide to pull the plug on Newcastle I won’t deny I would be such a happy bunny.
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I thought that way at first, but they have done such a shite job of it so far, that I’m not sure whether I may be a little disappointed if they left. Imagine if they got an owner who seemingly knows what they are doing, who also had deep pockets.

As it is, they’ve backed themselves into a corner by trying to swing their wallets around and they have a bloated and aging squad, on high wages, without much resale value, and are seemingly unable so spend any more money until they sell one of their only decent players due to PSR/SCR. A sale which their drooling fanbase won’t permit.

Whisper it quietly, but the Spurs of the North are sleep walking towards the same fate as the spurs of the south.
 
Lucky1985 said:
I thought that way at first, but they have done such a shite job of it so far, that I’m not sure whether I may be a little disappointed if they left. Imagine if they got an owner who seemingly knows what they are doing, who also had deep pockets.

As it is, they’ve backed themselves into a corner by trying to swing their wallets around and they have a bloated and aging squad, on high wages, without much resale value, and are seemingly unable so spend any more money until they sell one of their only decent players due to PSR/SCR. A sale which their drooling fanbase won’t permit.

Whisper it quietly, but the Spurs of the North are sleep walking towards the same fate as the spurs of the south.
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Same. I hope they stay now, it doesn't have to cost them much now to just hang around. They can use the landfill to advertise all their brands. Ice Hockey Guy has said that the club needs to trade players far better than it has. Sounds like they won't just keep pumping share capital in to fund extravagant signings. Basically the orcs have sold their arseholes so the club can be run exactly the way Ashley was doing.
 
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