TK-421 Posted July 20, 2020 Share Posted July 20, 2020 Hmm. On the face of it, it looks dodgy for the takeover. However, I'm sure sponsorship deals can be ended early as long as contract sums are paid up. Also, could anything takeover related be written into any new agreement - such as 'subject to change of ownership' - similar conditions to those loans/mortgages Ashley had to pay up immediately when took over? So, whilst this looks like bad news, and that we are facing 'business as usual' for the foreseeable, things can probably change quite quickly/easily (just not cheaply) if they need to. No doubt the usual suspects on Twitter will spin this to the negative, though. Link to post Share on other sites More sharing options...
Tsunami Posted July 20, 2020 Share Posted July 20, 2020 Nice brown paper bag will sort that situation out Full of money or to breath into? Link to post Share on other sites More sharing options...
gjohnson Posted July 20, 2020 Share Posted July 20, 2020 Doesn't mean anything other than the club are still actually doing things rather than sitting with their thumbs up themselves. If they genuinely know as little as they say about ownership change then this does make sense, as unpalatable as it is. Link to post Share on other sites More sharing options...
1964 Posted July 20, 2020 Share Posted July 20, 2020 If the actual length of the contract isn't stated I think it may be conditional Link to post Share on other sites More sharing options...
r0cafella Posted July 20, 2020 Share Posted July 20, 2020 It’s odd, it wasn’t a great sponsorship to begin with. The sums were modest and remember the sponsorship included stadium sponsorship as well. Struggling to make sense of this. Link to post Share on other sites More sharing options...
NUFC_Chris Posted July 20, 2020 Share Posted July 20, 2020 Honestly can't see how this would be signed off, on a long term deal, if there was a sniff of an imminent takeover. Link to post Share on other sites More sharing options...
Montey Posted July 20, 2020 Share Posted July 20, 2020 This announcement of a "long term" "primary partner" deal severely knocks my confidence of the PIF acquisition being completed. I think it is highly probably that PIF would have wanted to brand the club strongly towards Saudi business interests and would have wanted their logos all over the uniform and the grounds. When an organisation is in the process of being sold, major deals, agreements, or structural changes can not be made by the organisation without the permission/consent of the buying party; I can not see PIF agreeing to a long-term arrangement whereby FUN88 is the "primary partner". This is why this announcement severely damages my confidence in the sale being completed. I really do think that assertions like "sponsorship arrangements can be ended early", whilst technically correct, is unlikely because any newly minted agreement likely has huge payout clauses given their awareness of a potential sale for mega-money. I think believing that PIF could just pay off FUN88 to end the sponsorship early is grasping a straws in a desperate attempt to maintain some confidence in the deal being completed. Link to post Share on other sites More sharing options...
Guest Butcher Posted July 20, 2020 Share Posted July 20, 2020 There will be a break clause for the new owners Link to post Share on other sites More sharing options...
Guest chopey Posted July 20, 2020 Share Posted July 20, 2020 Ashley hurry up tactic, he'll probably threaten to rename the stadium again tomorrow, surprised he hasn't refurloghed a load of staff or pulled out the redundancy card yet. Link to post Share on other sites More sharing options...
TK-421 Posted July 20, 2020 Share Posted July 20, 2020 Honestly can't see how this would be signed off, on a long term deal, if there was a sniff of an imminent takeover. I guess its only 'imminent' in that they're waiting for the PL to approve them. But they've been waiting almost 3 months for that, now! Maybe the potential owners have agreed this with the club needing to make certain decisions (sponsors, kits, etc) for next season. All these agreements may have get-out clauses written into them. Link to post Share on other sites More sharing options...
Kasper Posted July 20, 2020 Share Posted July 20, 2020 Makes no sense unless they know/feel like this will drag on for a couple more months at least. Or isnt happening. Link to post Share on other sites More sharing options...
Elephant Posted July 20, 2020 Share Posted July 20, 2020 Absolutely nothing that has happened within last week looks promising. Ashley era will continue, seems to be clear now. Link to post Share on other sites More sharing options...
Guybrush Posted July 20, 2020 Share Posted July 20, 2020 No Saudi sponsor then Not to be branded ITK about the club, because I'm not, but I do know that this partnership was agreed ages ago (Jan/Feb) this year. Link to post Share on other sites More sharing options...
SuperFlat Posted July 20, 2020 Share Posted July 20, 2020 Absolutely nothing that has happened within last week looks promising. Ashley era will continue, seems to be clear now. Crystal, mate, aye. Link to post Share on other sites More sharing options...
gdm Posted July 20, 2020 Share Posted July 20, 2020 Club/PIF/PL need to come out and say something soon this is utterly ridiculous Link to post Share on other sites More sharing options...
gdm Posted July 20, 2020 Share Posted July 20, 2020 Puma deal has also been extended according to Mark Douglas Link to post Share on other sites More sharing options...
r0cafella Posted July 20, 2020 Share Posted July 20, 2020 Link to post Share on other sites More sharing options...
TK-421 Posted July 20, 2020 Share Posted July 20, 2020 Meh, I think these are decisions that needed to be made. And with no timeline on a decision from the PL, the club have been allowed to press on. But, look at Man City's takeover. Admittedly that was mid-season, but they went from Le Coq Sportif designed shirts with Thomas Cook on, to Umbro with Etihad the following season. So I'm sure all these agreements can be changed, if needed. Link to post Share on other sites More sharing options...
gdm Posted July 20, 2020 Share Posted July 20, 2020 Sorry for posting his tweet. Hope it’s accurate Link to post Share on other sites More sharing options...
r0cafella Posted July 20, 2020 Share Posted July 20, 2020 Yes Wraith the bastion of all things NUFC. Link to post Share on other sites More sharing options...
Si Posted July 20, 2020 Share Posted July 20, 2020 Sorry for posting his tweet. Hope it’s accurate Doesn't that mean it'd less likely to have the breaks you'd need to get the Saudi money. Link to post Share on other sites More sharing options...
gdm Posted July 20, 2020 Share Posted July 20, 2020 Sorry for posting his tweet. Hope it’s accurate Doesn't that mean it'd less likely to have the breaks you'd need to get the Saudi money. Yes but would also mean Saudis would be aware of the extension before they bid Taking the tweet with a pinch of salt mind Link to post Share on other sites More sharing options...
Guybrush Posted July 20, 2020 Share Posted July 20, 2020 Sorry for posting his tweet. Hope it’s accurate Doesn't that mean it'd less likely to have the breaks you'd need to get the Saudi money. Yes but would also mean Saudis would be aware of the extension before they bid Taking the tweet with a pinch of salt mind I still don't understand who or what Steve Wraith is, but that tweet is accurate. Link to post Share on other sites More sharing options...
wormy Posted July 20, 2020 Share Posted July 20, 2020 Sorry for posting his tweet. Hope it’s accurate Doesn't that mean it'd less likely to have the breaks you'd need to get the Saudi money. Yes but would also mean Saudis would be aware of the extension before they bid Taking the tweet with a pinch of salt mind I still don't understand who or what Steve Wraith is, but that tweet is accurate. His source is probably your post that was three minutes before his tweet tbf. Link to post Share on other sites More sharing options...
LV Posted July 20, 2020 Share Posted July 20, 2020 Or Guybrush is Steve Wraith Link to post Share on other sites More sharing options...
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