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Saudi PIF in talks with potential investors

Mowgli said:
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All positive news no surprise
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It doesn't even make sense.

There's "something" there in the project for investors to be interested in and that means the project is moving...

But that something hasn't been decided if it's the current stadium or a new one and the owners didn't reach out to potential investors anyway, so how are said investors aware that "something" is there...
 

Mowgli said:
To fund NUFC plans.

New Stadium coming or just not wanting to fund them anymore?

Few fans on X shitting themselves

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A lot of talk there again but not much substance.

Most of my mag mates are resolved to the stadium being extended rather than any new build.

The problem is it will look shit unless they can find a magician of an architect.

The Newcastle skyline is already badly compromised but imagine what a further lopsided monstrosity is going to do to it.

They're so embarrassed by the training ground its barely mentioned. Nobody is even sure if there is a viable proposal yet...

As a club, they're caught between two stools IMHO.

- Desperately want to be seen as a massive club but can't afford it.

- Building from the bottom up is the correct way but nobody knows how this actually works for a basket case like the goon army.

Looking forward to a summer sacred cows being sacrificed up there in bisto-land ...
 
FlashGordon said:
It doesn't even make sense.

There's "something" there in the project for investors to be interested in and that means the project is moving...

But that something hasn't been decided if it's the current stadium or a new one and the owners didn't reach out to potential investors anyway, so how are said investors aware that "something" is there...
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“Please can we give you some money for a minority share in a football club you don’t really want anymore, and we’ll build you a £1 billion stadium for the privilege”

Seems legit.
 
Seaham Towny said:
When they were taken over and we were dicking about in League One a lot of us were, quite rightly, worried that ‘we’d lose a generation of fans to that lot’ etc etc.

Turns out that managing your club better rather than throwing cash at it is the way forward and it’s only took 5 years for us to get ahead of them.

And all they’ve got out of it, is a League Cup, a few games in the Champions League and all they’ve had to do is pretend they love being owned by despots.

Now the Saudi’s are struggling, trying to get investors to try and build a new ground but where? How long’s it going to take? And there’s speculation that all their best players want to bugger off

Genuinely this is the best case scenario we could’ve hoped for :lol:
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Not quite. They won a trurfee.
 
cosmicchris00 said:
A lot of talk there again but not much substance.

Most of my mag mates are resolved to the stadium being extended rather than any new build.

The problem is it will look shit unless they can find a magician of an architect.

The Newcastle skyline is already badly compromised but imagine what a further lopsided monstrosity is going to do to it.

They're so embarrassed by the training ground its barely mentioned. Nobody is even sure if there is a viable proposal yet...

As a club, they're caught between two stools IMHO.

- Desperately want to be seen as a massive club but can't afford it.

- Building from the bottom up is the correct way but nobody knows how this actually works for a basket case like the goon army.

Looking forward to a summer sacred cows being sacrificed up there in bisto-land ...
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The problem is, even extending SJP is going to cost them £700m+ and for that they might only just get another 6000 seats. From a business point of view it doesn’t make a lot of sense.
NGPost said:
No libs got 25 reform 24. Whatever way they go they'll find it hard to build in city
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They have very few options mate. Leazes Park just isn’t big enough. They could use the old Civil Service site in longbenton but I’m not sure how happy the locals would be.
 
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They've sold the stadium, they are selling their best players and talking about 'securitisation of future commercial revenues' to build a mystery stadium in a mystery location. As much as I despise the mags, if Mike Ashley was doing this I'd probably sign the petition.
 
I know a lot of people get giddy about PIF 'losing interest' and they clearly are scaling things back, but make no mistake, owning a PL team is a huge asset to them. Especially in the run up to the 2034 Saudi World Cup..
 
DJ Doubt said:
I know a lot of people get giddy about PIF 'losing interest' and they clearly are scaling things back, but make no mistake, owning a PL team is a huge asset to them. Especially in the run up to the 2034 Saudi World Cup..
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Not sure I understand this. Getting the WC might have been an objective (now achieved) but owning a PL team in the bottom half of the table (who have been spanked twice by their newly promoted neighbours), will hardly be getting them any useful positive influence. And if they'd needed a new stadium to increase that status they would have done so by now.
 
The cost of building stadiums seems to have sky rocketed

What did the stadium of light cos - about £12m? Accounting for inflation that’s still only about £25m in today’s money.
 
The Great Soprendo said:
Not sure I understand this. Getting the WC might have been an objective (now achieved) but owning a PL team in the bottom half of the table (who have been spanked twice by their newly promoted neighbours), will hardly be getting them any useful positive influence. And if they'd needed a new stadium to increase that status they would have done so by now.
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What a lot of people overlook, is that simply having Newcastle as an asset IS sportswashing.

Every column inch that gets filled with talks of PIF, Saudi government, investment etc... all detracts from the atrocities their regime commit.

This doesnt mean that they need to keep investing, or need Newcastle to even be successful. They just have to maintain some sort of presence and to keep the fans 'onside' as much as they can.
 
homeless kid said:
The cost of building stadiums seems to have sky rocketed

What did the stadium of light cos - about £12m? Accounting for inflation that’s still only about £25m in today’s money.
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The cost of everything has skyrocketed, especially building things.

I seem to remember at the time the Tyne and Wear Development Corporation had spent something in addition to the club. Had a quick Google there and they spent £3m to clear the ground, the club spent £15m initially on the stadium with another £7m on the North Stand extension.

Probably a combination of the site being cheap, fairly straightforward to build on, not crammed between buildings, reclamation work already done, and the stadium design that kept costs down. Looking at similar designs Boro spend £16m, Stoke spent £14m, and Southampton spent £32m.
 
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DJ Doubt said:
I know a lot of people get giddy about PIF 'losing interest' and they clearly are scaling things back, but make no mistake, owning a PL team is a huge asset to them. Especially in the run up to the 2034 Saudi World Cup..
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Just being associated with a PL club wins the Saudi's some acceptance, they don't have to win trophies for that.
 
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