Newcastle United now owned by the PIF | PL receives "legally binding assurances that the Kingdom of Saudi Arabia will not control NUFC" ;)

Paxi

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Because £300m to them is nothing. Buying United would cost the £4b and no matter how rich, £4b is still a lot to be justified. Plus you could probably buy the city of Newcastle for £4b and have change for Middlesbrough too.

If I were to buy a sleeping giant, it would have been Leeds - and that's me saying that as a United fan
.
And that’s me saying this as a United fan: that’s fecking weird.
 

GeorgieBoy

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I didn’t say it was on the scale of Greater Manchester but it’s already cited as one of the best Cities to live in and visit in the UK, it has an RG university, an international airport but most importantly it has relatively cheap land and property. There’s plenty of scope for Saudi Arabia to do something similar to Abu Dhabi there, at least in my opinion.

Thats not to say they will, it remains to be seen what kind of owners they will be.
With respect to the bolded.
What have Abu Dhabi actually done to the East Manchester area?
Knocked down a few houses and built some fancy training pitches. The locals haven't seen anything from the investment.
 

VP89

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Can't wait to see them paint Newcastle as a colourful and clean area with model looking families in their house chanting "If you love the toons clap your hands".. as though we aren't aware you're more likely to see a tubby fella walking out of Greggs holding a cheese and onion pasty.
 

UpWithRivers

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Yeah there fans are passionate but so are hooligans. They havnt won sht. Have no history unless you say they stayed in the top flight for years. Its a sht City and no top footballer would ever play there unless affiliated to Newcastle or for money. Bishop Auckland has more history then them. Whos next Grimsby for the Prem? Skegness winning the Champions league? Football is dead.
 

EtH

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Oh feck off. This oil money club sportwashing bullshit will be the death of club football.
 

rimaldo

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Oh feck off. This oil money club sportwashing bullshit will be the death of club football.
yep. i hope it stays as true and pure as it is now.
 

R'hllor

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Difference is our owners are parasites who haven't invested a cent of their own money into the club. They've just milked it for themselves.
And thats not Chelsea/City problemz that we have that type of rich cnuts.
 

Sarni

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Why Newcastle? Why not United, Spurs, Liverpool, Arsenal? Why buy a team in which you need to replace all players and club which don't have big reputation. They will need 6,7 years to create a team for top 4 (if that is their goal of course). They can have all money in the world but top players will not go there now.
They will build a top 4 team within two years with that kind of resources, or at least one that will compete and get close. Their owners are far richer than any other PL club owners.
 

EtH

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yep. i hope it stays as true and pure as it is now.
You’re right. Truth is things will go on as per. But at some point some will lose interest. It’s morally destitute and reflects terribly on the league.
 

Mickeza

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Mbappe and Pogba are free agents, Haaland has a release clause at 75M. Getting all three in one window isn't particularly expensive if they can work with their agents and give them a high enough salary that the jaw hits the floor.
Right. Let’s indulge the fantasy. So Newcastle’s current wage budget is 55m a year - almost 300m less than ours. They made a profit of 15m based on that. They can’t make a loss of 110m without breaching PL FFP. Let’s be kind and assume even without CL football and the other 22 players in the squad being lower table quality meaning they’ll be lucky to finish top 10 all three decide to join. Pogba wants 400k to stay here - let’s add another 100k on to that for Newcastle. Haaland and Mbappe want the same - still feeling kind. Even without the insane agent fees - you’ve just increased your wage budget by 78m. Add the 75m up-front transfer fee on top and…that’s a loss of 135m. That isn’t even the worst of it - because now next year you have nowhere to go with the budget. Even with just wages you’re losing 70m a year. So you have a 40m transfer and wage budget combined…

This will need to be a long term project investing in young future stars ala Leicester. Even if they get everything right it’s still years before they’re even close to top 4. Unless FFP rules change or they break them. Significantly through highly inflated sponsorships. Let’s be honest - those rules were put in place championed by the likes of ourselves and Liverpool to stop City happening again. Or at least to make it difficult. And they make it very difficult as Everton are finding. Everton literally can’t spend any more than they have done regardless of how much their owner wants or has to spend. That’s the limit under current rules.
 

Dancfc

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You forgot to mention Aston Villa as well. They have been under the radar as their takeover happened when they were in the Championship. We are well and truly fecked. :(
It's going under the radar because they're stopping short of having the cheek to challenge the elite.
 

R'hllor

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I don't know how you could not care about these owners. They make MA look like a saint.
Its not question do i care or not, they are bunch of cnuts but thats on Newcastle fans to swallow it. Also dont think fans of PL clubs owned by Americans have such a huge moral highground.
 

Classical Mechanic

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With respect to the bolded.
What have Abu Dhabi actually done to the East Manchester area?
Knocked down a few houses and built some fancy training pitches. The locals haven't seen anything from the investment.
They've pretty much transformed that part of East Manchester. It’s more than a few training pitches in fairness, it’s one of the best sports complexes anywhere. They may have knocked down some houses but they’ve invested hundreds of millions in building apartments and will invest in more. Right next to the Etihad the largest indoor arena in the UK is being built right now, the company behind it reckon it will be one of the best venues in Europe. I’m not sure if they’re involved or have just sold the land but it wouldn’t have happened if Abu Dhabi hadn’t developed all of that wasteland in East Manchester.

What you think of all this development is a different matter. It’s true that local people have been displaced. Manchester council are not planning on stopping, they plan to expand the city further and gentrify Collyhurst next. It’s controversial no question, especially from the point of view of the locals.
 
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lsd

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Right. Let’s indulge the fantasy. So Newcastle’s current wage budget is 55m a year - almost 300m less than ours. They made a profit of 15m based on that. They can’t make a loss of 110m without breaching PL FFP. Let’s be kind and assume even without CL football and the other 22 players in the squad being lower table quality meaning they’ll be lucky to finish top 10 all three decide to join. Pogba wants 400k to stay here - let’s add another 100k on to that for Newcastle. Haaland and Mbappe want the same - still feeling kind. Even without the insane agent fees - you’ve just increased your wage budget by 78m. Add the 75m up-front transfer fee on top and…that’s a loss of 135m. That isn’t even the worst of it - because now next year you have nowhere to go with the budget. Even with just wages you’re losing 70m a year. So you have a 40m transfer and wage budget combined…

This will need to be a long term project investing in young future stars ala Leicester. Even if they get everything right it’s still years before they’re even close to top 4. Unless FFP rules change or they break them. Significantly through highly inflated sponsorships. Let’s be honest - those rules were put in place championed by the likes of ourselves and Liverpool to stop City happening again. Or at least to make it difficult. And they make it very difficult as Everton are finding. Everton literally can’t spend any more than they have done regardless of how much their owner wants or has to spend. That’s the limit under current rules.

Do you really think these guys will be sticking to those rules?

They will spend what they choose to spend
 

Mastadon

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I guess it could be worse. They could be buying Spurs. Either way the top 4 will now have 3 clubs that have cheated their way to the top. The Saudis will make the other oil clubs look like Scrooge mcduck by the end of it.
 

EtH

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Its not question do i care or not, they are bunch of cnuts but thats on Newcastle fans to swallow it. Also dont think fans of PL clubs owned by Americans have such a huge moral highground.
Absolutely ridiculous comment.
 

Someone

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A good chance to offload some of our players for good money in Jan.

It won't hurt us as much as people think, we're capable of competing just fine. This will hurt clubs Spurs, Arsenal, West ham, and Everton much worse.

Also keep in mind that it's gonna take a while to build a team capable of winning.
 

FatTails

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Electricity is made.. by burning oil..
Not exclusively. My power provider has 90% coming from hydroelectricity, nuclear, and wind. Only 10% is from natural gas.

Worldwide, as of 2020, over 35% of electricity was generated from hydro, nuclear, wind, or solar. 61% comes from fossil fuels (coal the biggest, then natural gas, then oil). The renewables have been increasing every year and will continue to do so.

Not sure why I felt the need to say all that.
 

RedDevil@84

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Does Newcastle want a flashy French winger/forward who is in his prime. Is on sale for cheap for just around 70-80M
 

the_box

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I mean are we talking all time historical? Everyone's got some answering to do if simply being of a nationality makes you an accomplice to all the malice they've ever committed. That's also the way an ignoramus approaches things so I hope no one would be serious about it.
 

Cheech Wizard

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:lol: :lol: so many people losing their crap because they are scared of Newcastle!!

Bring on another oil club I say.

It'll take them ten years before they are even remotely challenging for anything.
It took City four, if were talking about the league title. Three when they broke into the top four and FA cup.
 

FatTails

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What ? Who have the Glazers killed ?
They killed the hopes and dreams of many United fans.

Totally the same as chopping up a journalist, killing dissidents, stoning adulterers, chopping arms, and funding extremist ideology throughout the Middle East and even in western countries, according to the poster
 

Teja

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Right. Let’s indulge the fantasy. So Newcastle’s current wage budget is 55m a year - almost 300m less than ours. They made a profit of 15m based on that. They can’t make a loss of 110m without breaching PL FFP.
Why does the current wage budget matter? They'll just give out some lucrative sponsorship contracts from Saudi companies. Say Aramco sponsors their jersey for a 1bn dollar 10 year deal with majority of the money upfront or something like that and you're set. They'll "renegotiate" it every five years or so or whenever the club needs a cash injection.

This is on top of the money owners are legally allowed to invest by FFP standards.

It's all standard procedure, FFP might as well not exist for the clubs.