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PIF sports funding


Botchie said:
I think the ideal scenario is that PIF continues to own them, but invests the bare minimum to keep them going. I honestly don't understand how an investment fund would see owning a football club as something they're going to get big returns on. Especially as we move further into a world where being self sustainable is the expectation.
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I'm not saying it would get them to break even but they 'only' paid £300m for 80%.

They are now valued at 700 - 776m.

With Saudi Arabia feeling the pinch, having other priorities to sportswashing now and PSR stopping them becoming Man City I dont think a sale is that far fetched anymore.
 
Here’s a snippet of what Kaveh’s reporting on SSN:

“PIF announced their new investment strategy for the next five years and also told the areas they were going to focus on. There were seven areas and in this new strategy sport is not explicitly mentioned but, having spoken to people in Saudi Arabia in the past, they would say that sport goes under tourism and also entertainment.”

Could just be a reshuffle in how they categorise their investments, but if they’re pulling out of LIV golf that would certainly signal less of an interest in sport.

He goes on to say they’re going to be more business-minded and profit driven, presumably as opposed to focusing on improving their reputation and global standing. Sport isn’t the best area to invest in if that’s their new approach, unless it’s investment in their own league to increase tourism.

Can’t see any real reason why they’d want to hold onto the mags now tbh unless they think they can significantly increase the value of the club.
 
The bottom line in all this was Man City. If they hadn’t done what they’ve done with their owners, Newcastle wouldn’t have thought they were gonna be the richest club in the world. Their owners are no different or better to anyone else’s that’s now apparent. They aren’t their new saviours. And won’t buy them their way to glory. Why a lot of them still believe this is beyond me. It’s only because they came from the same area of the world as city’s owners they believed all of the bullshit. They’ve been had good and proper from minute one, first by queen Mandy and now by this new fella spouting shite. It’s glorious to sit back and watch.
 
BoshItLikeBardo said:
Here’s a snippet of what Kaveh’s reporting on SSN:

“PIF announced their new investment strategy for the next five years and also told the areas they were going to focus on. There were seven areas and in this new strategy sport is not explicitly mentioned but, having spoken to people in Saudi Arabia in the past, they would say that sport goes under tourism and also entertainment.”

Could just be a reshuffle in how they categorise their investments, but if they’re pulling out of LIV golf that would certainly signal less of an interest in sport.

He goes on to say they’re going to be more business-minded and profit driven, presumably as opposed to focusing on improving their reputation and global standing. Sport isn’t the best area to invest in if that’s their new approach, unless it’s investment in their own league to increase tourism.

Can’t see any real reason why they’d want to hold onto the mags now tbh unless they think they can significantly increase the value of the club.
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If sport is under tourism and entertainment, that sounds more like the saudi boxing events and their own league. Getting people to visit saudi, rather than the mags over here.
 
Id imagine the Saudis will move the "sports" investment from PIF to GEA, Turki has spent more on Boxing in the last 2 years than PIF have managed to wash through The Visitors.

The hope is that the Saudis fall back and run them as a business rather than have Victoria Beckham fluffing the coaches
 
The Visitors man, god help them, this is quoted in the article;

"Lee Marshall presented the Club’s long-term vision, outlining the ambition to become the number one football club in the world."

And the idiot fans and Saudi ownership swallow it.

Evidence of how that club is ran shows otherwise and indeed actually the opposite.

It's Short mark 2 up there just with even more waste. 🍿 🍿 🍿
 
glendvd100 said:
And yet you’ve got complete wankers like Lee Ryder writing articles like this that try and convince everyone that pif are all in on Newcastle, have a guess how many mentions of Newcastle pif have actually made in this article……
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They probably need to put a '1' in front of that '5' like.
 
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