PIF and RB Sports & Media

[Elliottman]

Just watched the main event and saw them. That’s a mad 4some, Trump, Musk, Yassir and Kid Rock. Is there a glitch in the World at the moment?! 

[Joelinton7]

2 hours ago, Elliottman said:

Just watched the main event and saw them. That’s a mad 4some, Trump, Musk, Yassir and Kid Rock. Is there a glitch in the World at the moment?! 

Aye, the US president, owner of Twitter/luncatic who sends rockets to space, Kid Rock and the chairman of Newcastle United. Someone definitely killed a fish or windmilled a butterfly somewhere. 

[GeordieT]

 

[TheBrownBottle]

On 17/11/2024 at 21:21, PauloGeordio said:

 

Newcastle chairman Yasir Al-Rumayyan enjoying front-row seats at #UFC309 alongside Donald Trump and Elon Musk. We is big! 

Yasir peddling Miggy to The Orange one!

 

 

 

PIF funded Musk’s Twitter takeover.

 

Can’t say it makes me any less comfortable than I was before - Trump is an authoritarian at minimum, and a fascist at worst, and Musk’s cunt bone fides are an open book.  

[Ben]

Musk must be the ultimate Bond villan at this stage, Rockets, mates with politics people, running media communication, 007 has got his work cut out with this one.

[Stifler]

8 hours ago, GeordieT said:

 

For the record, issuing new shares is!’t allowed from a PSR perspective. You are allowed to do it, but it doesn’t count towards your income. So if this is for January, then it would mean that we are allowed to spend another £35m that the club doesn’t currently have.

It could be used for anything else non-football related.

[500bhp]

1 hour ago, Stifler said:

For the record, issuing new shares is!’t allowed from a PSR perspective. You are allowed to do it, but it doesn’t count towards your income. So if this is for January, then it would mean that we are allowed to spend another £35m that the club doesn’t currently have.

It could be used for anything else non-football related.

It'll be for liqudity/cashflow purposes. It has no impact at all on PSR headroom or calculations. You can issue new share capital whenever you want, PSR does not prohibit this. 

[Rich]

2 hours ago, Stifler said:

For the record, issuing new shares is!’t allowed from a PSR perspective. You are allowed to do it, but it doesn’t count towards your income. So if this is for January, then it would mean that we are allowed to spend another £35m that the club doesn’t currently have.

It could be used for anything else non-football related.

Is it not just the standard allowable annual injection of cash from owners? It’s £105M over a three year period IIRC, so £35M a year.

[Unbelievable]

2 minutes ago, Rich said:

Is it not just the standard allowable annual injection of cash from owners? It’s £105M over a three year period IIRC, so £35M a year.

Don't think so. The 105m/3 year rolling is allowable losses.

[Rich]

1 minute ago, Unbelievable said:

Don't think so. The 105m/3 year rolling is allowable losses.

I thought owners are allowed to provide that same level of secure funding over three years, by way of equity injection, etc.

[r0cafella]

Just now, Rich said:

I thought owners are allowed to provide that same level of secure funding over three years, by way of equity injection, etc.

The cap UB is referring to is inclusive of this funding laughably. 

[Rich]

Just had a quick look, and it’s £90M of owner-injected funding allowed over three years:

 

‘Premier League clubs can...

 

Make 'allowable' losses of up to £5m/season (averaged over three seasons)

 

Increase that figure to £35m/year with owner investment (averaged over three seasons)’

 

 

[r0cafella]

1 minute ago, Rich said:

Just had a quick look, and it’s £90M of owner-injected funding allowed over three years:

 

‘Premier League clubs can...

 

Make 'allowable' losses of up to £5m/season (averaged over three seasons)

 

Increase that figure to £35m/year with owner investment (averaged over three seasons)’

 

 

This is why squad cost terrifies me btw. Especially if the owner investment component is removed.