PIF and RB Sports & Media

[r0cafella]

8 minutes ago, McCormick said:

I’ve said this before but every PIF project follows the same arc; “this will be the best x in the world”, delays , delays, restructuring ambitions due to the high costs of reaching said ambitions, delays, delays, finished project is good but a shadow of what was promised initially.

You’ve been saying this or a version of it from the start tbf. 

[Menace]

9 minutes ago, McCormick said:

I’ve said this before but every PIF project follows the same arc; “this will be the best x in the world”, delays , delays, restructuring ambitions due to the high costs of reaching said ambitions, delays, delays, finished project is good but a shadow of what was promised initially.

 

I'm in the Middle East now so very interesting to see what people are gossiping about - haven't they cut back on NEOM too?

[Kanj]

20 minutes ago, McCormick said:

I’ve said this before but every PIF project follows the same arc; “this will be the best x in the world”, delays , delays, restructuring ambitions due to the high costs of reaching said ambitions, delays, delays, finished project is good but a shadow of what was promised initially.

prediction for us then?

[Guest]

1 minute ago, Kanji said:

prediction for us then?

PIF sell at a loss to Mike Ashley

[Gaztoon]

It's in the best interest of some peoples health if PIF do sell us.. the constant living in fear of it is not good for the health.

[Pixelphish]

2 minutes ago, Gaztoon said:

It's in the best interest of some peoples health if PIF do sell us.. the constant living in fear of it is not good for the health.

 

We're such a neutortic fanbase (online at least) I don't think it matters who owns us tbh. We'll always fear the worst.

[Menace]

Having a past owner who depleted the club and its values for the last 13 years would probably do that to any fanbase.

[Andy84]

59 minutes ago, McCormick said:

I’ve said this before but every PIF project follows the same arc; “this will be the best x in the world”, delays , delays, restructuring ambitions due to the high costs of reaching said ambitions, delays, delays, finished project is good but a shadow of what was promised initially.

This project will depend on the quality of people we employ to key positions it seems.  
 

We really need Mitchell to excel, continue to incrementally increase sponsorships and the stadium decision is paramount.  

[McCormick]

9 minutes ago, Kanji said:

prediction for us then?

I imagine It’ll take longer than we’d want for the bigger ticket items to get sorted but, while I don’t think we’ll get anywhere near the likes of Man City etc., we’ll end up being a much better outfit in the long run. If there’s one thing PIF do very well it’s hiring the best in class (*ahem) to manage their projects.

[PauloGeordio]

5 minutes ago, McCormick said:

I imagine It’ll take longer than we’d want for the bigger ticket items to get sorted but, while I don’t think we’ll get anywhere near the likes of Man City etc., we’ll end up being a much better outfit in the long run. If there’s one thing PIF do very well it’s hiring the best in class (*ahem) to manage their projects.

Compared to the Ashley years that’s a marked improvement. Somewhere along the way if we hit the right balance of staff (hopefully now and it all clicks) we can be targeting Europe each year and serving up some entertaining football along the way.

[r0cafella]

10 minutes ago, McCormick said:

I imagine It’ll take longer than we’d want for the bigger ticket items to get sorted but, while I don’t think we’ll get anywhere near the likes of Man City etc., we’ll end up being a much better outfit in the long run. If there’s one thing PIF do very well it’s hiring the best in class (*ahem) to manage their projects.

I’m curious to see how this plays out, my big concern is how we actually get past the stagnation pitfalls which I feel is our biggest risk. 
 

We have to grow our revenue at a faster rate than the cartel clubs and dragging and delaying things will only make this harder. Going to be a lot of #wait in future from the looks of it. 

[Guest]

12 minutes ago, McCormick said:

I imagine It’ll take longer than we’d want for the bigger ticket items to get sorted but, while I don’t think we’ll get anywhere near the likes of Man City etc., we’ll end up being a much better outfit in the long run. If there’s one thing PIF do very well it’s hiring the best in class (*ahem) to manage their projects.

I am overwhelmed by sadness. What’s the point?

[Menace]

I mean the Qataris have spent north a billion on PSG and ultimately the goal was CL trophy which they've failed to achieve. I think PIF have spent and hired reasonably whilst they've been our owners - if we didn't have the PSR shackles I think they would've gone all out. The middle east dick swinging competition is funny but also very childish.

 

 

Edited September 26, 2024 by Menace

[Pixelphish]

25 minutes ago, McCormick said:

I imagine It’ll take longer than we’d want for the bigger ticket items to get sorted but, while I don’t think we’ll get anywhere near the likes of Man City etc., we’ll end up being a much better outfit in the long run. If there’s one thing PIF do very well it’s hiring the best in class (*ahem) to manage their projects.

 

It's all we wanted but might've been nice without the Saudi baggage attached. Rightly or wrongly.

[Turnbull2000]

7 minutes ago, r0cafella said:

I’m curious to see how this plays out, my big concern is how we actually get past the stagnation pitfalls which I feel is our biggest risk. 
 

We have to grow our revenue at a faster rate than the cartel clubs and dragging and delaying things will only make this harder. Going to be a lot of #wait in future from the looks of it. 

 

There's a huge risk of our squad quality regressing if we don't make Europe this season (which I think is probable). The need for a new training ground and large commercial deals is becoming urgent if we want to challenge for top 4 soon, otherwise it'll remain pretty much as last season for a good while.

[r0cafella]

Just now, Turnbull2000 said:

 

There's a huge risk of our squad quality regressing if we don't make Europe this season (which I think is probable). The need for a new training ground and large commercial deals is becoming urgent if we want to challenge for top 4 soon, otherwise it'll remain pretty much as last season for a good while.

This is pretty much where I am, if your budget is 50% of your rivals because of stupid FFP rules you can’t compete on a consistent basis and given how slowly we move we either aren’t aware of it OR we are ok with it. 
 

Either way, if we aren’t closing the financial gap we are falling further behind. So fingers crossed for city today and fingers crossed our owners are about what they claim to be. 

[TRon]

15 hours ago, The College Dropout said:

Thats not a barrier to investing in infrastructure to me.  Give yourself a cheap loan, the value of the club increases and the next owner will continue to pay for it potentially. 
 

Liverpool and Spurs have some of the most money hungry owners. They’ve invested in the Stadium because it’s good for business. 

 

It depends on what you mean by investing in the stadium. The cost of building new stadiums has gone up exponentially since Spurs did it, I would imagine it would be billions now with the cost of raw materials and labour sky rocketing since then. Extending the stadium has been notoriously problematic even before Ashley's time. Do you have any figures worked out on how it would be good from an investors's perspective?

 

 

[McCormick]

1 hour ago, Menace said:

 

I'm in the Middle East now so very interesting to see what people are gossiping about - haven't they cut back on NEOM too?

Neom, The Line, Qiddyia, Jeddah Airport, Jeddah uptown, downtown and corniche projects, Haramain railway line, Kingdom Tower, KAEC and I could go on. I’m just mentioning the newer ones too; it’s been this way for decades.

 

 

[The College Dropout]

7 minutes ago, TRon said:

 

It depends on what you mean by investing in the stadium. The cost of building new stadiums has gone up exponentially since Spurs did it, I would imagine it would be billions now with the cost of raw materials and labour sky rocketing since then. Extending the stadium has been notoriously problematic even before Ashley's time. Do you have any figures worked out on how it would be good from an investors's perspective?

 

 

No don't know enough about construction. But generally speaking - if you want to maximise an football clubs value - you invest in the assets.

[triggs]

41 minutes ago, McCormick said:

I imagine It’ll take longer than we’d want for the bigger ticket items to get sorted but, while I don’t think we’ll get anywhere near the likes of Man City etc., we’ll end up being a much better outfit in the long run. If there’s one thing PIF do very well it’s hiring the best in class (*ahem) to manage their projects.

Its a bit shit selling your soul to the Saudis just to be a club that finishes 3rd to 8th in the PL 

[r0cafella]

Just now, triggs said:

Its a bit shit selling your soul to the Saudis just to be a club that finishes 3rd to 8th in the PL 

Would be perfectly on brand for us   

[TRon]

2 minutes ago, The College Dropout said:

No don't know enough about construction. But generally speaking - if you want to maximise an football clubs value - you invest in the assets.

 

Not if the investment will cost an astronomical amount that would take decades to get a return on the capital invested. If it's purely an investment, then why wouldn't you put that money elsewhere which would see a far quicker ROIC?

 

 

[r0cafella]

1 minute ago, TRon said:

 

Not if the investment will cost an astronomical amount that would take decades to get a return on the capital invested. If it's purely an investment, then why wouldn't you put that money elsewhere which would see a far quicker ROIC?

 

 

The goal for such a venture wouldn’t an immediate increase of pnl it’s about increasing the value of the club as a whole. And yes it’s a gamble but we won’t be “number 1” with our current facilities. 

[TRon]

2 minutes ago, r0cafella said:

The goal for such a venture wouldn’t an immediate increase of pnl it’s about increasing the value of the club as a whole. And yes it’s a gamble but we won’t be “number 1” with our current facilities. 

 

I think that goes in tandem with being able to put out a trophy winning side on the pitch though. If you can do that, then you know that you can fill the new stadium - which would have to match the cartel clubs for income potential wrt corporate boxes, seat capacity, and other revenue streams which a potentially larger stadium would bring.

 

I'm assuming that's why there has not been faster progress on that front - not to mention there will be resistance to moving the stadium out of the city if there is nowhere available within the city perimiter.

[The College Dropout]

2 minutes ago, TRon said:

 

Not if the investment will cost an astronomical amount that would take decades to get a return on the capital invested. If it's purely an investment, then why wouldn't you put that money elsewhere which would see a far quicker ROIC?

 

 

This is the point you're missing. A new stadium increases the value of the club on day 1 of it opening. So it doesn't need to pay you back in cash. When you sell the club, you sell the value of that new stadium.

 

You don't build new stadiums to get back the cash you immediately put in 5 years. You get it back on sale or a much longer period.

 

Football clubs aren't quick flips either.

 

Every ambitious club is making efforts to modernise stadiums. Madrid, Barcelona, Man U... Everton and Luton. It helps ensure the long-term value and prospects.

 

Can't talk about "best in class" and have a third-rate stadium.