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Yorkie

by Yorkie
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Wallace

Wallace

Posted
Posted

I read that prospect of an independent regulator is the reason for the Premier League starting to get tough with clubs as they have been trying to show they can self govern as they are very against a regulator.

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r0cafella

r0cafella

Posted
Posted
10 minutes ago, Geordie Ahmed said:

Jeep definitely are

 

Fiat own (or did own) Jeep and the founders of Fiat (and still large investors) are the Agnelli family, who own Juventus

Ah true, but not really relevant as I don’t think Italy has such stupid rules as us. The original point was why don’t we do it with Sela. To which I stated we probably can’t as it would likely fail FMV test as it doesn’t make commercial sense (unless it’s a provision in the current contract). 

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Guest

Guest

Posted
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Interesting snippet at the bottom here that the club own “Malting Pictures Limited”, which appears to be a film production company. Better content coming soon?

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Nucasol

Nucasol

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Posted
5 minutes ago, Jack27 said:

Interesting snippet at the bottom here that the club own “Malting Pictures Limited”, which appears to be a film production company. Better content coming soon?

Adult films as a side hustle.

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Stifler

Stifler

Posted
Posted (edited)

Not directly related to us, but here is an advert that is being shown in Saudia Arabia now, and a MENA based journalists view/observation of it, showing society progress in Saudia Arabia.

 

 

 

 

Edited by Stifler

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Rich

Rich

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Posted

 

Quote

 

Newcastle bombshell as Amanda Staveley is set to QUIT less than three years after £300million Saudi takeover of club

 

AMANDA STAVELEY is set to quit her role at Newcastle this summer after three years leading the club.

 

The 51-year-old played a key role in Newcastle's Saudi takeover which resulted in her taking a ten per cent share in the club.

 

Chairman Yasir Al-Rumayyan is now expected to run the club without Staveley on the board.

 

Staveley stayed on to become a major power broker at St James' Park and has been the public face of the Saudi owners since 2021 - but she could now sell her shares.

 

As recently as April, the chief held key talks with Manchester United owner Sir Jim Ratcliffe over the release of sporting director Dan Ashworth.

 

Newcastle eventually received a compensation payment last month.

 

She is popular with the fans at Newcastle as she often spent time meeting and drinking with them, along with husband and co-owner Mehrdad Ghodoussi.

 

And she also represented the club at Premier League meetings where she was forceful presence, with Newcastle often opposing rule changes introduced by the league such as including restrictions on sponsorship deals.

 

Saudi Arabian's Public Investment Fund paid £300m for 80 per cent of Newcastle in 2021 in a surprise move that has transformed its fortunes and fundamentally changed the Premier League.

 

Staveley received ten per cent of the shares as payment for her involvement in the deal.

 

Although this stake has since been reduced as she sold some shares to the Reuben brothers, Jamie and David. 

 

The British businesswoman is unlikely to be replaced on Newcastle's board in the short-term.

 

The Saudis appointed Darren Eales as the club's chief executive two years and he is already undertaking many of her original responsibilities.

 

Staveley has been involved in several high-profile court cases since arriving at Newcastle.

 

In April, she was ordered by the High Court to pay £3.4m to Greek shipping magnate Victor Restis.

 

While in 2021, she lost another High Court case against Barclays after suing the bank for £830m in damages over alleged fraud during the 2008 financial crisis.

 

Since Staveley's arrival, Newcastle qualified for the Champions League last season - but crashed out in the group stages.

 

They also made their first cup final in 24 years in February last year - but lost at Wembley to Man Utd.

 

 

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r0cafella

r0cafella

Posted
Posted
1 minute ago, Rich said:

Woeful source, but it'd be quite a ballsy thing to post as a pure lie and you'd imagine a dismissal from Staveley would be pretty swift if it is inaccurate.

Aye worst source possible but it makes sense. Her shares are being diluted all the time and she has bills to pay. Ultimately it’s an investment for her. 

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r0cafella

r0cafella

Posted
Posted
Just now, Rich said:

Are we reaching a point where PCP can no longer contribute the capital required by their stake in terms of stadium/training ground developments, maybe?

Without a doubt, they have no money at all. (Relatively speaking in comparison with the other share holders). 
 

The direction of the club has always been in the hands of the Saudi AS is just the front lady. 

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KDT

KDT

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Posted

I think she always said that she wouldn't be around for too long, it's reached the point where she can't continue to put money into the club & her share is diluting massively. 

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