Jump to content

Various: N-O has lost the plot over potential end of Mike Ashley's tenure


Jinky Jim

Recommended Posts

It's a very fair piece on the whole. The Bigg Market line was awful :lol:

Has he ever been massively critical of Ashley in the past ?

 

Think he has been very critical, aye. Was critical about the furloughing thing when that happened too

Link to post
Share on other sites

Finding it hard not to get excited tbh.

 

 

 

Absolutely. I hope something organic remains because I've never felt envy of thy elite clubs, and not out of simply being contrary, either. My envy has been towards those clubs who've wanted to better themselves within their means. But you can't help but read stuff like that and think, wow.

 

That article in the Daily Fail talking about their plans, christ. :lol:

 

That's the one. ⬇️

Link to post
Share on other sites

Guest godzilla

Saudi's plot to turn Newcastle into a global powerhouse as investment fund boss Yasir Al-Rumayyan enters final stages of becoming Magpies chairman amid £300m takeover

Newcastle are set for a dramatic overhaul with the club set for a new ownership

The Saudi sovereign wealth fund is poised for a £300million takeover of the club

Fund boss Yasir Al-Rumayyan is now in the final stages of becoming chairman 

The Saudi-backed consortium plan to take the club to the Champions League

 

Saudi fund boss Yasir Al-Rumayyan is in the final stages of taking over as chairman of Newcastle United, sources told Sportsmail.

 

The head of the Saudi sovereign wealth fund is poised to become the public face of the club as part of the £300million takeover of Newcastle from retail tycoon Mike Ashley.

 

Al-Rumayyan is one of the most powerful men in Saudi Arabia as chairman of Saudi Aramco, the biggest oil company in the world, and governor of the Public Investment Fund (PIF).

 

He must now pass the detailed checks of his fitness to run the club conducted by the Premier League.

 

The approval of the new board is expected to take several weeks. The Saudi-backed consortium has sent a 350-page document detailing their financial plans for the club to the Premier League.

 

The document outlines audacious plans to pump hundreds of millions into Newcastle in a bid to create a club capable of competing in the Champions League. The document outlines fresh investment over a series of three-year stages, new commercial sponsorships and plans for the day-to-day management of the club.

 

The new owners want to revamp Newcastle's stadium, while buying star players and training younger players to try to create sustained success.

 

The club will be part-owned by the PIF, financier Amanda Staveley and property tycoons David and Simon Reuben. PIF will own 80 per cent, with Staveley and the Reuben brothers both taking 10 per cent.

 

Staveley conducted face-to-face meetings with Ashley to thrash out the details before the coronavirus lockdown.

 

Discussions picked up in recent weeks when Ashley dropped the asking price from £340m to £300m after the coronavirus pandemic took off.

 

The payment for the club will be made entirely in cash despite earlier reports of a debt-fuelled deal. The Saudi-led consortium had considered a bid for Chelsea but could not justify paying £3.5bn.

 

Sources said owner Roman Abramovich was asking for £2.2bn for the club, which also needed a £1.3bn investment to build a new stadium.

 

The bidders preferred the prospect of generating significant profit by turning around Newcastle to create a brand to challenge Chelsea.

 

The Saudi owners are aware they must answer some tough questions around the human rights record of their home country.

 

Amnesty International have raised concerns over abuses conducted during the regime led by Crown Prince Mohammed bin Salman. As chairman of the Saudi Arabia's Public Investment Fund, Al-Rumayyan controls assets worth about £260bn.

 

He also led the world's largest ever share sale last year when Saudi Aramco kicked off an initial public offering on the Saudi Tadawul stock exchange.

 

Aramco holds a monopoly on oil in Saudi Arabia, producing more than 10million barrels of crude oil a day and accounting for 10 per cent of global demand.

 

Al-Rumayyan courted international investors for the share sale as part of the Crown Prince's plans to shift his country away from oil dependency and develop other areas of the economy.

 

The bid to buy Newcastle is the next part of that plan.

Link to post
Share on other sites

Guest godzilla

It's a very fair piece on the whole. The Bigg Market line was awful :lol:

Has he ever been massively critical of Ashley in the past ?

 

Think he has been very critical, aye. Was critical about the furloughing thing when that happened too

 

Don't mind people having a view. Just a shame he didn't have this view on Man City, Sheff United, his own paper doing business with the Saudi government, going to the Joshua fight. No mention of anything then and he has been reminded of all this by quite a few on his twitter feed also.

Link to post
Share on other sites

Awaiting the Crown Prince’s “first foray into the Bigg market on a Saturday night “  :lol:

 

Such a tired, patronising statement

 

Yeah the Bigg Market reference is a great one for whince-worthy toe-curlin' these days. If someone's referencing it without irony, it's hopelessly out of date. If its being used purely as a trope/cliche for cliche's sake, then, urgh, cool writing bro.

Link to post
Share on other sites

Awaiting the Crown Prince’s “first foray into the Bigg market on a Saturday night “  :lol:

 

Such a tired, patronising statement

 

The way he uses someone's murder to facilitate a sly dig at Joelinton is really poor.

Link to post
Share on other sites

Finding it hard not to get excited tbh.

 

 

 

Absolutely. I hope something organic remains because I've never felt envy of thy elite clubs, and not out of simply being contrary, either. My envy has been towards those clubs who've wanted to better themselves within their means. But you can't help but read stuff like that and think, wow.

 

Yeah, my envy stretches as far as Leicester, wolves and at times Bournemouth. Not once have citeh or chelsea made me said about our situation.

 

Link to post
Share on other sites

When I see Man City and Chelsea before them, I think “we’ll they’re good, but they’re cheating”. I’m sure I’d feel the same if it was us. I’d enjoy it, but also have that feeling in the back of my mind.

 

That said, it’s not our fault that football is rigged so you need a billionaire to win.

Link to post
Share on other sites

When I see Man City and Chelsea before them, I think “we’ll they’re good, but they’re cheating”. I’m sure I’d feel the same if it was us. I’d enjoy it, but also have that feeling in the back of my mind.

 

That said, it’s not our fault that football is rigged so you need a billionaire to win.

 

we already had a billionaire, who had rafa as a coach, and a full house 50k every home game.

 

just competing would have been fine for most of us.

Link to post
Share on other sites

When I see Man City and Chelsea before them, I think “we’ll they’re good, but they’re cheating”. I’m sure I’d feel the same if it was us. I’d enjoy it, but also have that feeling in the back of my mind.

 

That said, it’s not our fault that football is rigged so you need a billionaire to win.

 

we already had a billionaire, who had rafa as a coach, and a full house 50k every home game.

 

just competing would have been fine for most of us.

 

Sure, what I meant was you need to spend a vast amount of money to compete.

Link to post
Share on other sites

Article from the same journalist who defended the presence of the AJ-Ruiz fight in Saudi.

Who wrote it?

 

The article is bang on

 

It's really not, with this section being the shittest:

 

"City employ the best coach in the world and play the most beautiful football many of us have ever seen in this country and therefore our attitude towards the regime in the UAE starts to soften.

 

Sports reporters like me say we are separating the beauty of the football from the regime that is financing it but the cunning of sportswashing lies in the fact that by reporting on the enchantment of the entertainment City provide, we are creating a subliminal link to the state that has facilitated that entertainment. By doing our job, we are doing their bidding, too."

 

I spare no thought to the regime in UAE when City do well, never mind my attitude softening. And as for subliminal messaging - WTF is he going on about.

I'm not saying the underlying point doesn't have merit, but that article is utter drivel.

 

Link to post
Share on other sites

Guest
This topic is now closed to further replies.
×
×
  • Create New...