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NUFC and other Sportswashing Spring 2022

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jlaws said:
As you have shown an interest and I had to go on Bb to update some spreadsheets here is the bizarre ownership of Aramco.

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They only sold 1.5% of stock and raised 23.6bn. They will sell more when they need the cash but I look at it like a "have you cake and eat it" problem as they don't want to relinquish control of state assets. I don't think they have formally transferred the shares over yet and that SWF quote is he Japanese Gov Pension who have a small holding.

Here are PIF's Saudi holdings....the market would collapse if they withdrew. So 150bn of the quoted 300bn of AUM is effectively illiquid.

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They of course have others (another 53bn) and the rest is infrastructure and some private equity and reasonably less liquid. Of that 53bn, 2.5bn is in Uber ..... they have lost 1bn on it already.

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This is why I always chuckle when people say they are not owned by the Government. They are pretty much reliant upon Gov funding - they had 40bn of FX reserves given to them in recent years and the 80bn of Aramco.

My view has always been that they will improve the club off and on the pitch and sell on for 1 to 1.5bn (300m was ridiculously cheap). The likely seller being another Saudi who is "asked" to buy them.
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Thanks for that. I’m still unsure on the mechanism for the transfer of cash from Aramco petrodollars to NUFC. I’m sure it’s a murky, convoluted route something I’d like to understand more.
 
king of the road said:
I know you work in this area but how does the whole Aramco interaction with the government and the PIF work? The shares are traded on the Saudi stock exchange but it’s pretty much 100% owned by the government? So if the govt gives PIF shares and they want some cash dollars who do they sell those shares to?

You can choose your political persuasion but not your football club.
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you can choose which owners to protest about. as you lot have demonstrated perfectly.
 
Biffo The Bear said:
I don’t think the media do hate Newcastle fans. I believe the opposite is true. We get, in the main, a pretty favourable press. Before PIF it was incredibly so.
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Your fans are the media’s dream 🤡 🎪
Fictional home support numbers, fat fuckers shirtless, Demonstrating, pitch invasions, bedsheets, faux heartache when someone passes with any link to the club.
Best value for money in utter fuckwhittery
 
Squat said:
you can choose which owners to protest about. as you lot have demonstrated perfectly.
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Never protested against an owner since McKeag but thanks for your concern.
forever changes said:
Your fans are the media’s dream 🤡 🎪
Fictional home support numbers, fat fuckers shirtless, Demonstrating, pitch invasions, bedsheets, faux heartache when someone passes with any link to the club.
Best value for money in utter fuckwhittery
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*it’s fuckwittery
 
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Skylon said:
So you do protest.Was McKeag worse than the Saudis?Why don't you protest at the Saudi fascists then?You must think they are git canny
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I was just a young lad. Wasn’t much of a protest, sang ‘sack the board’ a few times. I’m more interested in a few pints and watching the match thanks, if I want to protest about something I can head down to the Monument every Saturday.
 
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