madras Posted October 27, 2021 Share Posted October 27, 2021 You'd thinknit would be easy to explain. "This team has gone from a one of largely local fan base to a world wide one" Link to post Share on other sites More sharing options...
TheHoob Posted October 27, 2021 Share Posted October 27, 2021 (edited) 6 minutes ago, madras said: You'd thinknit would be easy to explain. "This team has gone from a one of largely local fan base to a world wide one" Exactly. Who decides what the market value is? What if the club disagree with that valuation? Just don't see how this can really work in practice without having a load of holes open to challenge. Edited October 27, 2021 by TheHoob Link to post Share on other sites More sharing options...
STM Posted October 27, 2021 Share Posted October 27, 2021 I suspect our new market value has skyrocketed anyway. Any smart sponsor would be interested in a new brand, which is certain to go places. So what if Aramco can't sponsor us, you reckon we can't do a multi million deal with someone like Chevrolet, like Man Utd did. All we have to do for the next 4/5 seasons is close the gap. Which takes alot less money than a real title challenge would. They are really desperate if they think it will even dent our marketing opportunities. Say we build a new training ground, absolutely nowt to stop us getting a big sponsor like Arsenal did for the Emirates stadium (albeit on a smaller scale). There are endless opportunities for growth, without even tapping into Saudi Links. Link to post Share on other sites More sharing options...
Whitley mag Posted October 27, 2021 Share Posted October 27, 2021 Sounds like the source is very much blind to competition laws. As someone mentioned above we’ve been invited in just so it doesn’t look like collusion. The arrogance is unbelievable and I’m sure the club will be all over this. Link to post Share on other sites More sharing options...
Fantail Breeze Posted October 27, 2021 Share Posted October 27, 2021 2 hours ago, Kanji said: From the Athletic https://theathletic.com/news/newcastle-included-in-working-group-set-up-after-premier-league-meeting/lLUBCzXJYH6o/?source=twitteruk: I understand what the source is getting at, but I can't accept that "OK so Newcastle United is a 5m a year shirt team, and Liverpool is a 25m a year shirt team" - the whole point of these commercial deals is proforma and growth. Someone spending 10m, 15m, or even 25m a year on a shirt deal will be doing so based on the growth potential. To me that is a limit to free market. The materiality and thresholds should be based on comparable brands, companies, etc. ie: the airline companies have average of X, high - medium - low of X. I am very uncomfortable with how it's portrayed - esp the "and most likely see the agreement rejected" which is terribly unreasonable and incredibly poor way to conduct business. Even more ridiculous by the fact our current commercial agreements are way below market value because of the previous idiot in charge. If there was a cap on deals across all teams, i.e. nobody can come in and pay about £30m a season for a shirt deal because that’s silly, fair enough. I get the need for something like this, to prevent blatant circumventing FFP. But it should be done on a level playing field and not just because you’re upset about Newcastle. Link to post Share on other sites More sharing options...
Dokko Posted October 27, 2021 Share Posted October 27, 2021 The club will appeal any decision against them in court if necessary and it will be the clubs who pick up the bill via the PL as less money is distributed between them to cover legal costs. PL were lucky our side walked away without asking them to pick up the £10m legal tab. If they want round 2, 3 and 4, I say bring it on. Link to post Share on other sites More sharing options...
Guest Posted October 27, 2021 Share Posted October 27, 2021 Pretty ironic given the banner Boro fans held last weekend. Link to post Share on other sites More sharing options...
Wandy Posted October 27, 2021 Share Posted October 27, 2021 3 hours ago, et tu brute said: It's totally anti-competitive and would be thrown out of court. I really hope the other clubs do try and block PIF as it will open the powderkeg on everything. These fuckers have been running a multi-billion pound industry like a country club but that's coming to an end now. These fucking amateurs have no idea what is coming to them when this ends up in court. They will be wishing that they had kept their mouths shut and not rocked the boat. Link to post Share on other sites More sharing options...
Fantail Breeze Posted October 27, 2021 Share Posted October 27, 2021 37 minutes ago, Optimistic Nut said: Pretty ironic given the banner Boro fans held last weekend. Teams may as well just have banners that say: ”No to Saudi investment, unless it’s in us”. Because that’s pretty much all it is Link to post Share on other sites More sharing options...
NE27 Posted October 27, 2021 Share Posted October 27, 2021 Gonna be a few moral resignations in the morning you would imagine. Link to post Share on other sites More sharing options...
robbo_11 Posted October 27, 2021 Share Posted October 27, 2021 The league is ran for greed, but I can't see this going on as surely all clubs are causing longer term damage as brands no longer will look to invest in the Premier League. It has been said by numerous sources that it is pretty much illegal, but you have to feel like some clubs are now trying to prevent others from commercial growth through other means to reduce competition. Independent regulation will come in at some stage and a number of deals will be looked at for "market value". Link to post Share on other sites More sharing options...
Kanj Posted October 27, 2021 Share Posted October 27, 2021 Put it this way, PIF's investment in Disney, Uber, etc are not material. PIF have no control over those companies and simply have large dollar values invested in massive companies. (Perhaps Uber may be a conflict of interest because Yasir is on their board) but overall this "working party" restricting Disney, Boeing, Citigroup from signing outlier commercial deals is damning. If say Tesla wanted to build a plant and office in Brighton and they wanted their brand name all over the Amex and out-bid Amex for the stadium names and even sign a shirt deal - who is to say that "working party" is to set the value based on what Amex signed X years ago? That doesn't make any sense. Link to post Share on other sites More sharing options...
madras Posted October 27, 2021 Share Posted October 27, 2021 4 hours ago, Whitley mag said: Sounds like the source is very much blind to competition laws. As someone mentioned above we’ve been invited in just so it doesn’t look like collusion. The arrogance is unbelievable and I’m sure the club will be all over this. Could be fun though as they sit there and outline their plans while our delegate sits there and simply says "Nnnnnnno, I don't think so". Link to post Share on other sites More sharing options...
BlueStar Posted October 27, 2021 Share Posted October 27, 2021 Some of our new Saudi fans confused and appalled in the replies Link to post Share on other sites More sharing options...
Slim Posted October 28, 2021 Share Posted October 28, 2021 Link to post Share on other sites More sharing options...
Rafalove Posted October 28, 2021 Share Posted October 28, 2021 6 hours ago, BlueStar said: Some of our new Saudi fans confused and appalled in the replies you’re surprised? Link to post Share on other sites More sharing options...
Rafalove Posted October 28, 2021 Share Posted October 28, 2021 5 hours ago, Slim said: I mean to be fair to Boro this is basically the “we live in a society”, meme isn’t it? Although maybe his could be the start of their investment in the north east? Link to post Share on other sites More sharing options...
Ben Posted October 28, 2021 Share Posted October 28, 2021 5 hours ago, Slim said: I don't know if the Saudis buying Newcastle had anything to do with this deal (I'm sure it helped and was discussed with Boris last year) but this is huge for engineering in the North East loads of suppliers will get some great contracts from this and if they can convert it will be huge. Things are looking really good up here just now (we just need the living wage increases to be matched across all jobs) Link to post Share on other sites More sharing options...
Newcastle Fan Posted October 28, 2021 Share Posted October 28, 2021 (edited) 70% of Sabic's shares are owned by Saudi Aramco who's chairman is also our chairman so there is a direct link there, he has brought in directly and indirectly more than a billion pound of investment in the region this month alone Edited October 28, 2021 by Newcastle Fan Link to post Share on other sites More sharing options...
Whitley mag Posted October 28, 2021 Share Posted October 28, 2021 2 minutes ago, Newcastle Fan said: 70% of Sabic's shares are owned by Saudi Aramco who's chairman is also our chairman so there is a direct link there, he has brought in directly and indirectly more than a billion pound of investment in the region this month alone The Saudi’s will be embedded in the North East economy, as everyone said this deal will be transformative for region. Sure there will be controversial moments, but it’ll be an ongoing learning curve with two different cultures. The greater good is undeniable for our region and we should thank our lucky stars Staveley sold them the dream. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted October 28, 2021 Share Posted October 28, 2021 13 hours ago, Kanji said: From the Athletic https://theathletic.com/news/newcastle-included-in-working-group-set-up-after-premier-league-meeting/lLUBCzXJYH6o/?source=twitteruk: I understand what the source is getting at, but I can't accept that "OK so Newcastle United is a 5m a year shirt team, and Liverpool is a 25m a year shirt team" - the whole point of these commercial deals is proforma and growth. Someone spending 10m, 15m, or even 25m a year on a shirt deal will be doing so based on the growth potential. To me that is a limit to free market. The materiality and thresholds should be based on comparable brands, companies, etc. ie: the airline companies have average of X, high - medium - low of X. I am very uncomfortable with how it's portrayed - esp the "and most likely see the agreement rejected" which is terribly unreasonable and incredibly poor way to conduct business. First point on this is that I could get on board with the idea in principle assuming they either postpone it until all existing deals are concluded - so something like Man City having their stadium sponsored by a company linked to their owner or whatever shouldn't be allowed if we're not if you see what I mean. So if Man City can benefit from it until 2030 or whatever then we should be able to be for the same time period otherwise it's basically just fixing the deck against us (and anyone else). Second point is they've proven themselves to be bent as fuck so there's no way you could trust impartiality in the process. Link to post Share on other sites More sharing options...
Unlucky Luque Posted October 28, 2021 Share Posted October 28, 2021 7 hours ago, BlueStar said: Some of our new Saudi fans confused and appalled in the replies The club making offical communications on those kind of topics just steadies my resolve in continuing to support the club. There's no way I'm letting NUFC slip into the hands of backwards thinking, plastic, Saudi fans with the whole "shut up, we own you now" mentality. Staying silent on progressive issues to appease the new owners would be the absolute final nail in the coffin for my support. The club I knew would be well and truly dead then. Link to post Share on other sites More sharing options...
Whitley mag Posted October 28, 2021 Share Posted October 28, 2021 56 minutes ago, Unlucky Luque said: The club making offical communications on those kind of topics just steadies my resolve in continuing to support the club. There's no way I'm letting NUFC slip into the hands of backwards thinking, plastic, Saudi fans with the whole "shut up, we own you now" mentality. Staying silent on progressive issues to appease the new owners would be the absolute final nail in the coffin for my support. The club I knew would be well and truly dead then. Man City will have encountered this same problem, it’ll settle down in time. PIF seem determined to be involved in western society so I’m sure they’ll accept this is our culture and roll with it. Link to post Share on other sites More sharing options...
LV Posted October 28, 2021 Share Posted October 28, 2021 A lot of those comments will also be from trolls as well as genuine Saudis. Just because they speak or type Arabic doesn’t mean they are definitely Saudi and also WUMs aren’t solely from the U.K. But yeah some of those comments are really out of line with our values. Proper clash of culture stuff. Link to post Share on other sites More sharing options...
Scoot Posted October 28, 2021 Share Posted October 28, 2021 Surely to God other businesses can't dictate whether the sponsor of another business can happen or not? More legal action for NUFC? Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now