EPL Newcastle finally being sold

[Wandering Yellow]

I think the PL got exactly what they wanted out of it with the settlement of the piracy issue over coverage in the Middle East which 'miraculously' resolved itself at the same time. The PL was set up originally to make money, as much as it would be good to see them take a stand on this just can't see it happening.

Agree with your sentiments however.

It definitely won't happen. Like almost all brands, the only thing they care about is maximising more profit.

That's why their social justice campaigns bother me so much. They care about money, that's it. They're in no position to tell fans or anyone for that matter how to behave.

 

[Paul Cannell]

and more importantly the Saudi state is stopping the tv piracy of premier league coverage via BeOutQ and talking about the £1bn in compensation for that.

The compensation is due to be paid to Qatar (or Bein, which is the same thing) so the FA won't see any of that. Coincidentally, Bein is finalising a £400m deal to televise the EPL in Middle East, North Africa the proceeds of which do go to the EPL.

 

[Essexyellows]

So with these perspective new Newcastle owners worth 320bn how much are our new owners worth would we be in the top
100 richest teams maybe top 1000 (worldwide)

I would suggest said Saudi`s (sorry PIF - absolutely not controlled by a state that is just putting all the money in) are worth way more than £320bn.

Morals & ethics are easily swept away by £££`s.

 

[OUFCGav]

The compensation is due to be paid to Qatar (or Bein, which is the same thing) so the FA won't see any of that. Coincidentally, Bein is finalising a £400m deal to televise the EPL in Middle East, North Africa the proceeds of which do go to the EPL.

exactly. the tv deal was being held off because of the piracy. wheels now suitable oiled.

 

[OUFCGav]

I would suggest said Saudi`s (sorry PIF - absolutely not controlled by a state that is just putting all the money in) are worth way more than £320bn.

Morals & ethics are easily swept away by £££`s.

The Saudi Public Investment Fund (in no way a state organisation, no no, absolutely not) is worth $430billion. Its actually only the 9th biggest in the world. The biggest is the Norway Government Pension Fund Global which is worth $1,364,130,000,000 - its amazing what can be built by a state if they don't spunk North Sea oil money on tax cuts for the wealthiest.

 

[werthersoriginal]

Well. The United Arab Emirates is a federation of erm 7 Emirates - separate kingdoms that cooperate on foreign policy but enact significantly different legislation internally. The most obvious of these is alcohol which is illegal in Shahjah, tolerated in Abu Dhabi and Dubai (although e.g. you can't buy a beer in national dress in Abu Dhabi but you can in Dubai) and a major source of revenue for Ajman and Umm al Quwain which act as suppliers to the UAE. A fun fact is that you have to go through Sharjah to get to Dubai or Abu Dhabi from Ajman or Umm al Quwain - hence every 2 weeks or so my dear friend Mr Stephan used to rock up outside my apartment with 2 extra-strength bin-bags full of booze having made the perilous crossing through dry Shahjah (although functionaries most likely were paid to look the other way when they saw him coming. They have different legal systems, too.

When Ernest Thesiger crossed the 'Empty Quarter' in 1946/47 Abu Dhabi and Dubai were at war, shooters and all that. In 2008, when Dubai went bust Abu Dhabi bailed them out; but not without turning the screw - for example that tallest building in the world s**t was going to be called the Burj Dubai but Abu Dhabi made them call it the Burj Khalifa (ruling family of Abu Dhabi) was a neat symbolic turn.

That's interesting stuff. Wilfred Thesiger not Ernest? I love his writing though he was a bit of a nutter.

 

[Paul Cannell]

The Saudi Public Investment Fund (in no way a state organisation, no no, absolutely not) is worth $430billion.

I'm not a financial wizard, nut in the way it operates I suspect it's more like a family trust

I'd also guess that having floated Aramco in 2019 for $1.7tn (source) even the Saudis aren't incompetent enough to get it down that low

 

[Paul Cannell]

That's interesting stuff. Wilfred Thesiger not Ernest? I love his writing though he was a bit of a nutter.

I'd never heard of Ernest before. Wilf? Nutjob, shared TE Lawrence' views on women (not in favour) and young boys (not not in favour) but not so much on empire I think.

 

[Paul Cannell]

As much as I agree, unfortunately our very own government has deemed Saudi Arabia to be an acceptable trade partner, so not sure what the PL could really do about it.

I certainly wouldn't want Saudi money in OUFC, will be interesting to see how many Newcastle fans demonstrate against this, I'd wager not many.

Perhaps you could look into the history of Garibaldi Thohir? His earliest? company PT Allied IndoCoal started business in 1987, while Suharto was president of Indonesia. Suharto was hardly an angel, "orchestrating pogroms that killed hundreds of thousands of suspected communists and sympathizers and unleashed broader violence, eviscerating the rule of law and making the military his prime instrument of social control. With censorship integral to his rule, he left precious little space even for discussion of his policies."

Nobody ever got a mining licence in a dictatorship without being a supporter of the ruling party. Am I saying this is worse that Saudi? No. Am I suggesting that people who live in glass houses shouldn't throw stones? Just a bit. The difference is that in Indonesia human rights were sacrificed to 'stop communism' (i.e. maintain a capitalist empire) whereas in Saudi they're sacrificed for a religion our betters want us to feel is a bit dodgy.

 

[SteMerritt]

Perhaps you could look into the history of Garibaldi Thohir? His earliest? company PT Allied IndoCoal started business in 1987, while Suharto was president of Indonesia. Suharto was hardly an angel, "orchestrating pogroms that killed hundreds of thousands of suspected communists and sympathizers and unleashed broader violence, eviscerating the rule of law and making the military his prime instrument of social control. With censorship integral to his rule, he left precious little space even for discussion of his policies."

Nobody ever got a mining licence in a dictatorship without being a supporter of the ruling party. Am I saying this is worse that Saudi? No. Am I suggesting that people who live in glass houses shouldn't throw stones? Just a bit. The difference is that in Indonesia human rights were sacrificed to 'stop communism' (i.e. maintain a capitalist empire) whereas in Saudi they're sacrificed for a religion our betters want us to feel is a bit dodgy.

Thanks, I'll give the links a read.

 

[OUFCGav]

I'm not a financial wizard, nut in the way it operates I suspect it's more like a family trust

I'd also guess that having floated Aramco in 2019 for $1.7tn (source) even the Saudis aren't incompetent enough to get it down that low

I doubt all the funds from the sale of Aramco went into the PIF.

 

[Paul Cannell]

I doubt all the funds from the sale of Aramco went into the PIF.

Good point. The Saudi budget deficit has been eye-watering for donkeys.

 

[mooro]

I wonder whether there would be the same outcry if it was a London based team set to jump up the money ladder?
Plus, of course, anyone objecting to this will be out in force over the next few days blockading England's Qatar world cup qualifiers

 

[Oxymoron]

Done deal

 

[Followtheox1]

Perhaps you could look into the history of Garibaldi Thohir? His earliest? company PT Allied IndoCoal started business in 1987, while Suharto was president of Indonesia. Suharto was hardly an angel, "orchestrating pogroms that killed hundreds of thousands of suspected communists and sympathizers and unleashed broader violence, eviscerating the rule of law and making the military his prime instrument of social control. With censorship integral to his rule, he left precious little space even for discussion of his policies."

Nobody ever got a mining licence in a dictatorship without being a supporter of the ruling party. Am I saying this is worse that Saudi? No. Am I suggesting that people who live in glass houses shouldn't throw stones? Just a bit. The difference is that in Indonesia human rights were sacrificed to 'stop communism' (i.e. maintain a capitalist empire) whereas in Saudi they're sacrificed for a religion our betters want us to feel is a bit dodgy.

Sacrificed for a religion? No, sacrificed to keep the house of Saudi in power more like, regardless of their ideology. In a way it doesn't take away from your main point though, scratch beneath the service and it all gets murky. Who supplies the Saudi's with their bombs to drop on Yeman? The UK of course.

 

[bazzer9461]

This sale smacks in the face of human rights. The EPL or whoever ratified the take over don’t give a s**t about human rights olall they far about is the money that will be put in…..BLOOD MONEY

 

[Foley]

What about the human rights of all the people working in MA sports direct warehouses for minimum wage or below that wage structure for countless hours a day I know it’s different but it’s still human rights I personally think it’s the best outcome Newcastle could have got and hopefully puts them back among the elite of English football until we get promoted to the premier league of course

Er there is a slight difference to what Saudi do and underpaying people.

 

[Oslernorth]

Will Newcastle v Man City now be reclassified as an international match?

 

[Left Wing Cross]

Will Newcastle v Man City now be reclassified as an international match?

They have been looking to have EPL matches abroad...

 

[oufc1991]

Will Newcastle v Man City now be reclassified as an international match?

No that will be the richest derby where as Sunderland vs Middlesbrough will be known as the poor derby