Mags selling their stadium to themselves

[rokerpieshop]

Saudis wouldn't see any issue with it surely. Saves them circa £2B in build costs. They make about £500M profit on the regen and sell off of the St James's area. They get to play in the best Stadium in the UK, and in the much more desirable London in front of 60,000 every "home" game. They pay a decent rent to Spurs who enjoy the extra income.

As amusing as it would be won't ever happen.

 

[SteveB]

Is there anything they won't sell?

Isak

 

[Roker Scoreboard]

Surely this is just the next step to build a new stadium and sell off high value land

You can't sell off the land if you don't own it in the first place

 

[Hot Since 82]

As amusing as it would be won't ever happen.

They need to bin Hopkinson and appoint me as CEO. There are a few ideas which the legacy customers might not necessarily agree with but overall, it would be moving the club in the right direction I feel.

 

[rokerpieshop]

You can't sell off the land if you don't own it in the first place

I thought they do own it just under some new bogus company ? Abit like saying pif dont own the mags

 

[Hot Since 82]

I thought they do own it just under some new bogus company ? Abit like saying pif dont own the mags

They own the leasehold i.e. the buildings on the land, but they have never owned the Freehold Land.

 

[BillBull]

They will sell the womens team like Villa and Chelsea they wanted promotion this season for more ££££

 

[Fred]

Does this mean we can sell our stadium to Margarita to spend 250m this summer now?

 

[Redandwhitedust]

Surely this is just the next step to build a new stadium and sell off high value land

Would be easier for PIF to set up to "newstadiumco" and rent it back to newcastle on a token rent when its built.

This screams to me of a PIF exit strategy

 

[Shivafever]

“Joined Big Six in topping £100m of annual commercial revenue”

I bet they can’t wait to put that on a tifo

Just put a top hat on it

 

[Oatmeal]

Points deduction please

Deduct the points they have taken off us this season

 

[skullmeister]

Just wait until they sell the stadium name rights, the Saudi Arabia Stadium sounds about right.

 

[Diamond Eyes]

“We’ve got PIF Buying/Selling wer Groond!”

 

[nelford_safc]

Just wait until they sell the stadium name rights, the Saudi Arabia Stadium sounds about right.

Strangely when it's the Saudi's, they don't seem arsed about the club being chipped away at.

 

[pRICK]

Strangely when it's the Saudi's, they don't seem arsed about the club being chipped away at.

Coz they got tha awab man

 

[ATTACK ATTACK ATTACK]

Coz they got tha awab man

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[Tom]

Why don’t they just open a pie shop inside the ground then the Saudis can buy 50 thousand pies every home game for £50 each & hand them out for free, £50m per year, jobs a goodun.

 

[The soap powder]

Why don’t they just open a pie shop inside the ground then the Saudis can buy 50 thousand pies every home game for £50 each & hand them out for free, £50m per year, jobs a goodun.

Will be a good way of getting rid of the bodies as well ...... Alledgedly

 

[Tom]

Will be a good way of getting rid of the bodies as well ...... Alledgedly

Aye you see, just got to think outside of the box.

 

[Veryoldrokerender]

So what does this mean exactly? Is this the start of them buying success, or have they just done this to avoid a punishment so they can carry on as normal?

It’s a desperate move to keep them out of trouble. If they had no financial problem they would not do this. It’s like taking out another credit card and loading that up with your unpaid bills. Works only in the short term but eventually the statement arrives in the post. It smacks of hopelessly bad financial control at senior level in the club.