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

redrobed

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Not really bothered unless they start competing with us. If it comes to that then it’ll be really unfair and hopefully the appropriate bodies will intervene.
 

Stacks

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Well the sugar daddy owners like Abromovich, the oil owners all do it massively.

The point is United would just need a top up on top of what we can already spend and we could literally outspend anybody with that right owner.

Yes we already spend high, but as I said earlier that shouldn’t negate the fact we could spend a lot more with the right owner.
When have we ever relied on simply "outspending everyone?"
 

TsuWave

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United will do well to hang on to a CL place in the years to come. Tough.
 

tomaldinho1

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That's how businesses work aint it. By putting out a different name or create a new subsidiary when they want things to happen their way..
Just look at the Pandora papers leak, all the super rich do the exact same thing. No one will or can stop them.
 

Dancfc

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Not really bothered unless they start competing with us. If it comes to that then it’ll be really unfair and hopefully the appropriate bodies will intervene.
Funny thing is, that's what it comes down to in general. All these morality lectures are just a smoke screen.
 

Stacks

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The Saudi Arabian Public Investment Fund is buying it. The Saudi state will have no ownership or control over the football club. The governer of the PIF, Yasir Al-Rumayyan will be the president of NUFC.
Though the chairman of PIF in MBS.

The PIF has previously invested in Uber, Twitter, BP, Bank of America, Disney, Boeing and so many other companies.


All this is on paper. Depending on what you think of Saudis, you can draw your own conclusions.
People were acting like the Kingdom of Saudi Arabia were buying them and the Crown Prince would attend games. If it is an investment fund that is accustomed to buying into Western businesses........

EDIT: just seen who the chairman of the PIF is
 

redshaw

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Ole will be delighted tonight.

We should be able to get Longstaff at a discount now, maybe even two Longstaff's.
 

sullydnl

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Can they outright go buy the likes of Haaland and so on? Or will they have to Robinho it out?
Robinho-style first.

Even with all their wealth, the very top players like Haaland know it will take a few years to build up a title challenging squad. Meanwhile they will be offered a fortune by teams in a position to challenge now anyway. So there's not as much reason to make the jump to Newcastle early.

Whereas for unwanted players from top sides who would previously have had to take a step down, Newcastle will be one of the #1 destinations now.
 
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Can they outright go buy the likes of Haaland and so on? Or will they have to Robinho it out?
As we've seen with our noisy neighbours, money always wins out. Newcastle will do whatever they like and nobody will stop them. There might be some cosmetic facade of appearing to make them play by the FFP rules, but it will be meaningless. Suddenly the corner flags at St James's Park are sponsored for a billion quid each, the stadium for 10 billion.
 

Frank Grimes

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Think it will be trickier than it was for Chelsea and Man City for Newcastle to be as competitive as quickly. FFP while not perfect will still have to be dealt with and building a super squad will take a little more time. Still it will only be a matter of time before they are the next Man City.
 

FatTails

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Funny thing is, that's what it comes down to in general. All these morality lectures are just a smoke screen.
What makes you think you know my intention or what I care or don’t care about?

Enjoy your ownership if that suits you, but if you find that you are having to lie to yourself to do so, you might have a problem.
 

Chipper

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So what changed for the PL? That statement about legal assurance is obviously a joke so something behind the scenes must have changed. Super league concept putting them on a backfoot worrying that they'll lose their monetary monopoly? Something Tory government related who were pressured by KSA? Any ideas or insights?
And I mean more than just "money makes the world" because obviously that wasn't the case two years ago.
Qatari compainy BEIN Sports held the PL broadcasting rights for the Middle East. Saudia Arabia have/had beef with Qatar so blocked BEIN Sports in Saudi Arabia, meaning the only way to watch games there was to pirate them on dodgy streams. The Saudi government kind of let those streams happen/almost encouraged them.

That was the only reason the deal wasn't allowed first time. The PL couldn't have the owners of a club undermining the value of the tv rights at the same time. The Saudis have now allowed people to subscribe to BEIN Sports in their country and have said they will clamp down on the piracy so they're now free to buy Newcastle.
 

Dr. StrangeHate

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I am guessing it is too late for the "Steve Bruce and his staff walk into a Saudi Embassy Bar" joke.
 

DOTA

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Funny thing is, that's what it comes down to in general. All these morality lectures are just a smoke screen.
Whilst I think this is overstating the case I do think there's truth there. I was a lot more pissed off at your dodgy owner back in the first Mourinho stint when it looked like you were gonna spend so much that no other team in the world could compete and I was expecting you to win like 9 out of every 10 league titles and bore us all to death. Now loads of teams spend more than you I can't say I find myself worrying about Abramovich as much.
 

Oranges038

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I’m not saying they won’t spend that much, they have the potential to splash much more than a billion over the next few years. But if they’re clever they could feasibly put together a team challenging for the CL spots for less than that. When they reach Europe is when you start to see the big vanity transfers.
Unless they get a top class coach, bring in loads of frees and manage to keep fees for other transfers down, which will be hard because selling clubs know they have loads of money and will look for higher prices accordingly. It's highly unlikely there for anything less than 1bn.
 

Pink Moon

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Not the only reprehensible bastards running a football club but certainly by far the worst, IMO.

I already disliked Newcastle's arrogant and deluded fans. They're going to be a hundred times worse now.

Random footballers I reckon they might buy:

Donny
Martial
Lautaro Martinez
Sterling
That'd be hilarious. Having unlimited funds and buying those two :lol:
 

arthurka

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I don´t know what to say but I am really starting to dislike football and what it has become. This isn´t going to help.
 

Dancfc

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What makes you think you know my intention or what I care or don’t care about?

Enjoy your ownership if that suits you, but if you find that you are having to lie to yourself to do so, you might have a problem.
So this thread would be 24 pages old if they brought Corinthians or any other club that's zero threat to Europe's elite?

If it's about morals why wasn't everyone on here up in arms when a dodgy owner did what he did to Bury?

Ofcourse there be outliers and you may be one but in general the upset is down to people's clubs being threatened
 

Pretzels81

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They have the money, but few Brazilians and Argentinians would like to live in Geordieland. It's rough. It's almost as buying G.Rangers. Good luck with that.

Also, they have a Championship squad, currently. Are they supposed to buy 12 top players (old and young) in 2-3 windows? Good luck with that.

City was not that special in 2008-2016 (and actually an easy draw in the UCL) until Pep arrived.

They will need Haaland and a manager as good as Pep/Klopp to even challenge for PL.

I think they will replace Arse and the Spuds in the Top4 but that's about it.
 

GueRed

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Another club plucked from obscurity by oil....

A matter of when, not if they will win a Premier League title now
 

Cloud7

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The premier league is the actual super league now isn’t it? I mean it was close before, but it’s almost there now. United, Pool, City, Chelsea. Newcastle in a few years. Arsenal will get themselves sorted out sooner or later and be back to a top six level.
 
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They will get some obscene money from ‘Sponsors’ a la City. Gary Cook, before he resigned as CEO at City managed to get a £500 m sponsorship deal from his former employer, Nike. A plane buff mate of mine said the Saudis are looking to revamp their airline so you can imagine a conversation that goes like this. ‘ Hello, is that Boeing?’. ‘I’m looking to buy 100 new planes would you be interested’. ‘Er, yes’. ‘Good, I would like one in Newcastle United colours which would look good if Boeing sponsored the team’. ‘How much do you want’?.
Yea but the Pl and UEFA will pile into that and stop it due to FFP breaches?





Oh, wait…. :(
 

TsuWave

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depressing stuff, but the twitter memes are hilarious