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The Prophet

The Prophet

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Douglas in the i:

 

"Newcastle’s soaring ambition has been checked by a run of one Premier League win in eight but behind the scenes they are eager to move to “phase two” of the post-takeover revolution after the shattering Carabao Cup final defeat to Manchester United."

 

:pedro:

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Newcastle United’s Saudi Arabian owners will strengthen the link between themselves and the club by having another “Saudi” away strip next season, as they look to become the most popular team in the Middle East.

The Public Investment Fund (PIF) of Saudi Arabia, who own 80 per cent of Newcastle, are increasingly keen for the club to embrace its Saudi Arabian ownership as they look to increase the amount of the sovereign state’s 36 million population who follow the club they bought for £305 million in October 2021.

At the time of the takeover, the Premier League was given “legally binding assurance the state will not be in charge of the club”.

Now, however, more sponsorship deals have been done between Saudi businesses and Newcastle United and The Times has learnt that the white and green colours of Saudi Arabia will again be used for the club’s away strip — as with this season — in the 2023-24 campaign, when the club’s kit will still be manufactured by Castore.

Newcastle’s kit sleeve sponsor is Noon, a Middle East online shopping marketplace which has its headquarters in Riyadh. Saudia were announced as the club’s official airline partner when the first-team squad flew to Riyadh for warm-weather training during the World Cup. Newcastle also played a friendly against the Saudi Pro League champions, Al-Hilal FC, while they were there.

The club is openly targeting the Saudi fan base and Newcastle’s chief commercial officer, Peter Silverstone, said of the sponsorship deal with Saudia: “We are focused on growing our fanbase and following in Saudi Arabia and the rest of the Middle East. Our ambition is to become the most supported global football team in Saudi Arabia.”

The decision to wear another “Saudi” kit is seen by the club as a further nod towards that potential support. It is again, however, likely to provoke controversy, with Amnesty International UK highly critical of the country’s human rights record.

The PIF’s closeness to the Saudi state has come under renewed scrutiny in light of admissions made in a US court last week by PIF that it is “a sovereign instrumentality of the Kingdom of Saudi Arabia,” at odds at what helped crack the impasse with the Premier League when the takeover was first mooted.

Castore, who took over as Newcastle’s kit manufacturer in July 2021, just before the takeover, will produce the club’s kit for next season, despite reported interest from rivals. The club are thought to be happy with the existing arrangement with Castore.

Newcastle’s board did come to an agreement with Fun88 for an early end to its front of shirt sponsorship, seen as one of the major potential revenue streams to add to the club’s turnover, which is expected to have risen by 25 per cent to £180 million since the takeover.

There is thought to be a possible announcement within the next month about who will succeed the betting firm, but without Champions League football — Newcastle are outside the top four, in sixth, as it stands — the new contract is expected to fall significantly short of the likes of Liverpool and Manchester United, and must be of a “fair market value” in accordance with Premier League rules.

Newcastle are expected to confirm that a fourth equity injection, this time of £57 million, has taken place — put into the club in February by PIF, Amanda Staveley and the Reuben Brothers, through the creation of new shares. That money is essentially for the running of the club, although Newcastle spent a further £48 million in January, on Anthony Gordon and Harrison Ashby, taking their total outlay in the transfer market past £250 million since the takeover was concluded. PIF’s total wealth is thought to be about £700 billion.

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KetsbaiaIsBald

KetsbaiaIsBald

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3 hours ago, Jack27 said:

top four, in sixth, as it stands — the new contract is expected to fall significantly short of the likes of Liverpool and Manchester United, and must be of a “fair market value” in accordance with Premier League rules.

 

If Newcastle wanted to play games this is the bit I cannot see how it can be legal.

 

1. Newcastle create a paper trail.

2. Saudi Company one and Saudi company two both want to sponsor Newcastle as they believe that it will take off in Saudi due to the PIF ownership.

3. The "bidding war" makes the price * 10 of Man Utd (to be daft for the sake of the argument)

4. The premier league attempt to block this.

5. Newcastle take them to court.

 

How could any court say that in that particular market where there is only 1 Newcastle.  That the figure is not market value?

 

 

Edited by KetsbaiaIsBald

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The Prophet

The Prophet

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9 hours ago, Jack27 said:

Newcastle United’s Saudi Arabian owners will strengthen the link between themselves and the club by having another “Saudi” away strip next season, as they look to become the most popular team in the Middle East.

The Public Investment Fund (PIF) of Saudi Arabia, who own 80 per cent of Newcastle, are increasingly keen for the club to embrace its Saudi Arabian ownership as they look to increase the amount of the sovereign state’s 36 million population who follow the club they bought for £305 million in October 2021.

At the time of the takeover, the Premier League was given “legally binding assurance the state will not be in charge of the club”.

Now, however, more sponsorship deals have been done between Saudi businesses and Newcastle United and The Times has learnt that the white and green colours of Saudi Arabia will again be used for the club’s away strip — as with this season — in the 2023-24 campaign, when the club’s kit will still be manufactured by Castore.

Newcastle’s kit sleeve sponsor is Noon, a Middle East online shopping marketplace which has its headquarters in Riyadh. Saudia were announced as the club’s official airline partner when the first-team squad flew to Riyadh for warm-weather training during the World Cup. Newcastle also played a friendly against the Saudi Pro League champions, Al-Hilal FC, while they were there.

The club is openly targeting the Saudi fan base and Newcastle’s chief commercial officer, Peter Silverstone, said of the sponsorship deal with Saudia: “We are focused on growing our fanbase and following in Saudi Arabia and the rest of the Middle East. Our ambition is to become the most supported global football team in Saudi Arabia.”

The decision to wear another “Saudi” kit is seen by the club as a further nod towards that potential support. It is again, however, likely to provoke controversy, with Amnesty International UK highly critical of the country’s human rights record.

The PIF’s closeness to the Saudi state has come under renewed scrutiny in light of admissions made in a US court last week by PIF that it is “a sovereign instrumentality of the Kingdom of Saudi Arabia,” at odds at what helped crack the impasse with the Premier League when the takeover was first mooted.

Castore, who took over as Newcastle’s kit manufacturer in July 2021, just before the takeover, will produce the club’s kit for next season, despite reported interest from rivals. The club are thought to be happy with the existing arrangement with Castore.

Newcastle’s board did come to an agreement with Fun88 for an early end to its front of shirt sponsorship, seen as one of the major potential revenue streams to add to the club’s turnover, which is expected to have risen by 25 per cent to £180 million since the takeover.

There is thought to be a possible announcement within the next month about who will succeed the betting firm, but without Champions League football — Newcastle are outside the top four, in sixth, as it stands — the new contract is expected to fall significantly short of the likes of Liverpool and Manchester United, and must be of a “fair market value” in accordance with Premier League rules.

Newcastle are expected to confirm that a fourth equity injection, this time of £57 million, has taken place — put into the club in February by PIF, Amanda Staveley and the Reuben Brothers, through the creation of new shares. That money is essentially for the running of the club, although Newcastle spent a further £48 million in January, on Anthony Gordon and Harrison Ashby, taking their total outlay in the transfer market past £250 million since the takeover was concluded. PIF’s total wealth is thought to be about £700 billion.

 

:anguish:

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3 minutes ago, PauloGeordio said:

Wouldn’t they still operate the new Boeing fleet under Saudia airlines? 

A possibility but WSJ seems to think the new airline will be launched/announced today

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