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PIF sports funding


Diamond Eyes said:
Aye, it’s not the millions of barrels of oil they’re shipping out every day, it’s the shirt sales to moronic Mags that’s making the Saudis their money..
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And supposedly the £3,500 corporate going up to £10,000 in a rebrand of the Magpie Lounge into something called Tidings. I wonder what they'll do to those who can't pay the £10k, back of the ST queue?

The growth in revenue they've had in recent years, isn't all down to self sponsoring deals and finishing higher in the league etc, it's also the milking of fans to the extreme with higher ticket prices/sections catering for the more affluent and merchandise.

It seems the club don't care who they lose on the way to doing all this as long as there are fans with money they're willing to spend. If they have another shit season, they may well be in for a shock thinking they can play with the big boys by 2030 when the more affluent realise they ain't gonna be another Man City and desert them.
 
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ATTACK ATTACK ATTACK said:
And supposedly the £3,500 corporate going up to £10,000 in a rebrand of the Magpie Lounge into something called Tidings. I wonder what they'll do to those who can't pay the £10k, back of the ST queue?

The growth in revenue they've had in recent years, isn't all down to self sponsoring deals and finishing higher in the league etc, it's also the milking of fans to the extreme with higher ticket prices/sections catering for the more affluent and merchandise.

It seems the club don't care who they lose on the way to doing all this as long as there are fans with money they're willing to spend. If they have another shit season, they may well be in for a shock thinking they can play with the big boys by 2030 when the more affluent realise they ain't gonna be another Man City and desert them.
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It'll get renamed "Hidings" when we play them
 
Walmo said:
Where have you read that?
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Was an article online, basically saying that the club would take out loans to pay for it and that pif wouldn't just fund it for them, was a good few months ago now
 
robbied2 said:
Was an article online, basically saying that the club would take out loans to pay for it and that pif wouldn't just fund it for them, was a good few months ago now
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I saw that a while back and I'm sure it was said they would also look at the possibly of getting grants for the wider area infrastructure regeneration.

Craig Hope was one who reported it

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However, Confidential understands that a ‘pitch document’ has been circulated with a view to securing finance on the project. While still at an exploratory stage, it is thought any debt would belong to the club in the long term, rather than PIF.
For example, if the cost of a new stadium is to total £2billion, it could be that half would be funded by PIF and the Reuben Brothers (15 per cent owners) and half taken out as a loan.
Sources have stressed that this is standard practice and is the finance model used by other Premier League clubs when building new stadiums or redeveloping existing ones.
Confidential has been reminded that PIF is ‘not a sugar daddy’ and that the key letter in their acronym is the ‘I’ for ‘investment’. Despite infrastructure costs falling outside the Premier League’s Profit and Sustainability Rules, the owners will make an investment decision and finance the project in the same way they would other ventures within the PIF portfolio. It is likely that a Special Purpose Vehicle - a new company - would be created to facilitate the stadium project.

This was about the grants thing and they've got the Taylor Wimpey Park & Ride sorted for next season so they're getting there I suppose improving transport links 😉

You must be logged on to see external links
 
ATTACK ATTACK ATTACK said:
I saw that a while back and I'm sure it was said they would also look at the possibly of getting grants for the wider area infrastructure regeneration.

Craig Hope was one who reported it

You must be logged on to see external links

However, Confidential understands that a ‘pitch document’ has been circulated with a view to securing finance on the project. While still at an exploratory stage, it is thought any debt would belong to the club in the long term, rather than PIF.
For example, if the cost of a new stadium is to total £2billion, it could be that half would be funded by PIF and the Reuben Brothers (15 per cent owners) and half taken out as a loan.
Sources have stressed that this is standard practice and is the finance model used by other Premier League clubs when building new stadiums or redeveloping existing ones.
Confidential has been reminded that PIF is ‘not a sugar daddy’ and that the key letter in their acronym is the ‘I’ for ‘investment’. Despite infrastructure costs falling outside the Premier League’s Profit and Sustainability Rules, the owners will make an investment decision and finance the project in the same way they would other ventures within the PIF portfolio. It is likely that a Special Purpose Vehicle - a new company - would be created to facilitate the stadium project.

This was about the grants thing and they've got the Taylor Wimpey Park & Ride sorted for next season so they're getting there I suppose improving transport links 😉

You must be logged on to see external links
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Canny sprint to get out of the ground to the bus

The drop off point is right outside the stadium. Return: After the match, buses will depart back to Great Park from the stops outside St Andrew's Church on Newgate Street every five minutes between 17:00 and 17:15. Access: Simply bring along your match ticket to park and board the service for FREE.
 
Doesn’t seem to be any evidence of PIF selling atm; so far only mild suggestions to the contrary. They want the Mags to be an investment not a sinkhole. Never know though! Interested to see if and how they finance the new stadium/refurb.
 
There’s a canny pod on it out today from Libero. Not if you’re a mag like.

Basically saying Saudis are way more interested in their own league and World Cup.

They have a genuine population compared to Abu Dhabi and Qatar and need to impress the youngun’s so they don’t over throw them and also have teams with proper support.

Chronic lack of decision making as well, club runs ok but anything further up the line past Howe and DOF just gets ignored.

Then they got sick/bored of talking about the mags and concentrated on PSG and Man City :lol: :lol:
 
European Super League is where the income streams PIF want come from. They'll be looking for a place the next time that rears its head. Of course they bring absolutely nothing to that scenario as a brand/club but money will talk, Reckon they'll stick around until there's no possibility of it happening.
 
Im wrang oni said:
European Super League is where the income streams PIF want come from. They'll be looking for a place the next time that rears its head. Of course they bring absolutely nothing to that scenario as a brand/club but money will talk, Reckon they'll stick around until there's no possibility of it happening.
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Im not convinced
Even if a European Super League comes along, theyd have to have a side that is good enough to be considered. That side isnt likely to be Newcastle anytime soon.

Of course money might get them in but theyd need huge investment to be anything but a whipping boy

So theyve either got to throw money at them now and build them up on the off chance the ESL comes along (which may or may not happen) or they fund the ESL themselves wkth something like LIVfootball which is equally unlikely


Or more realistically, they buy into a European club that would qualify for an ESL place should it come along
 
Im wrang oni said:
European Super League is where the income streams PIF want come from. They'll be looking for a place the next time that rears its head. Of course they bring absolutely nothing to that scenario as a brand/club but money will talk, Reckon they'll stick around until there's no possibility of it happening.
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The super league is never going to happen.
 
ATTACK ATTACK ATTACK said:
I saw that a while back and I'm sure it was said they would also look at the possibly of getting grants for the wider area infrastructure regeneration.

Craig Hope was one who reported it

You must be logged on to see external links

However, Confidential understands that a ‘pitch document’ has been circulated with a view to securing finance on the project. While still at an exploratory stage, it is thought any debt would belong to the club in the long term, rather than PIF.
For example, if the cost of a new stadium is to total £2billion, it could be that half would be funded by PIF and the Reuben Brothers (15 per cent owners) and half taken out as a loan.
Sources have stressed that this is standard practice and is the finance model used by other Premier League clubs when building new stadiums or redeveloping existing ones.
Confidential has been reminded that PIF is ‘not a sugar daddy’ and that the key letter in their acronym is the ‘I’ for ‘investment’. Despite infrastructure costs falling outside the Premier League’s Profit and Sustainability Rules, the owners will make an investment decision and finance the project in the same way they would other ventures within the PIF portfolio. It is likely that a Special Purpose Vehicle - a new company - would be created to facilitate the stadium project.

This was about the grants thing and they've got the Taylor Wimpey Park & Ride sorted for next season so they're getting there I suppose improving transport links 😉

You must be logged on to see external links
Click to expand...
Reuben Brothers are only in it to get a slice of the real estate deal when they knock the landfill down
 
Blyth said:
There’s a canny pod on it out today from Libero. Not if you’re a mag like.

Basically saying Saudis are way more interested in their own league and World Cup.

They have a genuine population compared to Abu Dhabi and Qatar and need to impress the youngun’s so they don’t over throw them and also have teams with proper support.

Chronic lack of decision making as well, club runs ok but anything further up the line past Howe and DOF just gets ignored.

Then they got sick/bored of talking about the mags and concentrated on PSG and Man City :lol: :lol:
Click to expand...
My mate works for the Saudi royal family, says management is a joke. Nobody will make a decision as everyone is terrified it turning bad and being blamed for it.
 
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