madras Posted May 24, 2023 Share Posted May 24, 2023 18 minutes ago, Keegans Export said: Actually, that's exactly what other clubs were worried about - PIFs "influence" being enough to encourage non-related parties to offer big sponsorship packages, presumably in anticipation of receiving some Saudi money down the line. It's the main reason (in my opinion) why any deal over £1m has to pass the "fair market value" test now, not just related party transactions. Don't really see how that stands up unless you can prove that there's money down the line outside of what any business would usually get from sponsorship. Link to post Share on other sites More sharing options...
DahnSahf Posted May 24, 2023 Share Posted May 24, 2023 (edited) 1 hour ago, Keegans Export said: Actually, that's exactly what other clubs were worried about - PIFs "influence" being enough to encourage non-related parties to offer big sponsorship packages, presumably in anticipation of receiving some Saudi money down the line. It's the main reason (in my opinion) why any deal over £1m has to pass the "fair market value" test now, not just related party transactions. . Right, which is exactly why the only applicable criterion is fair market value. If the deal is seen to be 'at arms length' nothing else is relevant. Edited May 24, 2023 by DahnSahf Grammar Link to post Share on other sites More sharing options...
TheBrownBottle Posted May 24, 2023 Share Posted May 24, 2023 59 minutes ago, madras said: Don't really see how that stands up unless you can prove that there's money down the line outside of what any business would usually get from sponsorship. Yep, that’s going to be very difficult to stand up in a tribunal. Correlation still wouldn’t mean causation in that regard. Link to post Share on other sites More sharing options...
TheBrownBottle Posted May 24, 2023 Share Posted May 24, 2023 1 hour ago, SAK said: Stuff like this makes me think why don’t our ownership just say fuck it and go down the City/PSG route. Playing nice isn’t getting us anywhere with other clubs and the media, they’ll always try to stiff us even with little improvements, may as well go full on Galactic Empire. Probably because they’re not as keen as chucking the same amount of money at it. KSA isn’t a petty city-state with a tiny population and a colossal amount of oil per capita. It’s a country - and while it is a dictatorship and will chuck money around, it would still be an investment and not a loss-making vanity exercise. Link to post Share on other sites More sharing options...
Wilson Posted May 24, 2023 Share Posted May 24, 2023 https://streamable.com/1atqpz Link to post Share on other sites More sharing options...
Charlies Posted May 25, 2023 Share Posted May 25, 2023 1 hour ago, Wilson said: https://streamable.com/1atqpz I shouldn’t of watched this before I go to sleep Link to post Share on other sites More sharing options...
Wilson Posted May 25, 2023 Share Posted May 25, 2023 33 minutes ago, Charlies said: I shouldn’t of watched this before I go to sleep He's such a wierd bloke. I can't decide whether it's an act or not. Link to post Share on other sites More sharing options...
LV Posted May 25, 2023 Share Posted May 25, 2023 Who is he?? Link to post Share on other sites More sharing options...
NE27 Posted May 25, 2023 Share Posted May 25, 2023 Feel like I've been molested without even being touched. Weird people out there. Link to post Share on other sites More sharing options...
Wilson Posted May 25, 2023 Share Posted May 25, 2023 24 minutes ago, LV said: Who is he?? Paul Gallant... another YouTube/insta wierdo. Link to post Share on other sites More sharing options...
The Prophet Posted May 25, 2023 Share Posted May 25, 2023 I rarely find myself agreeing with True Faith, but I couldn't help but do so with the crux of their article on food banks. (I can't post the link due the server meltdown, but it can be found at the top of the True Faith Site). I'm sure the Reuben-Ghodoussi kick about was well intended, but it came across as a bit crass. Two blokes, one a millionaire, one a billionaire, competing to avoid donating their loose change to a food bank. Firstly, the acceptance that food banks are a perfectly normal charity in one of the richest countries in the world needs to stop. Secondly, Reuben is part of a family who are the biggest donors to the cause of those food banks. To me at least, it's an utterly hollow gesture. I might be just a grumpy cunt, but it just felt a bit insensitive to me, even if it was meant to be a decent gesture. Link to post Share on other sites More sharing options...
TRon Posted May 25, 2023 Share Posted May 25, 2023 17 hours ago, SAK said: Stuff like this makes me think why don’t our ownership just say fuck it and go down the City/PSG route. Playing nice isn’t getting us anywhere with other clubs and the media, they’ll always try to stiff us even with little improvements, may as well go full on Galactic Empire. It's precisely why we won't go down that route. The cartel and their media friends are just itching to stop Newcastle crashing the party. It must be infuriating them that PIF have barely given them a sniff to date. Link to post Share on other sites More sharing options...
PauloGeordio Posted May 25, 2023 Share Posted May 25, 2023 Just now, TRon said: It's precisely why we won't go down that route. The cartel and their media friends are just itching to stop Newcastle crashing the party. It must be infuriating them that PIF have barely given them a sniff to date. And the team are excelling ahead of schedule Link to post Share on other sites More sharing options...
Turnbull2000 Posted May 25, 2023 Share Posted May 25, 2023 Thought it was a bit crass myself too. Would've been better if it were for a cause not associated with rapid deterioration of this country. Donate your pocket change behind the scenes for that, preferably via the name of the club. That stunt would have sat better with me if it was for equipment for Wallsend Boys club or something. Link to post Share on other sites More sharing options...
Wilson Posted May 25, 2023 Share Posted May 25, 2023 14 minutes ago, The Prophet said: Reuben is part of a family who are the biggest donors to the cause of those food banks Said exactly this when I was in there. Was a bit ridiculous. Link to post Share on other sites More sharing options...
Hovagod Posted May 25, 2023 Share Posted May 25, 2023 Agree completely. Please fuck off with your patronising social media shit, I don’t like you. Link to post Share on other sites More sharing options...
Teasy Posted May 25, 2023 Share Posted May 25, 2023 (edited) 1 hour ago, The Prophet said: Reuben is part of a family who are the biggest donors to the cause of those food banks. To me at least, it's an utterly hollow gesture. Wow surprised he's got any money left if he's donating to all those party's, institutions and individuals. Edited May 25, 2023 by Teasy Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted May 25, 2023 Share Posted May 25, 2023 1 hour ago, The Prophet said: I rarely find myself agreeing with True Faith, but I couldn't help but do so with the crux of their article on food banks. (I can't post the link due the server meltdown, but it can be found at the top of the True Faith Site). I'm sure the Reuben-Ghodoussi kick about was well intended, but it came across as a bit crass. Two blokes, one a millionaire, one a billionaire, competing to avoid donating their loose change to a food bank. Firstly, the acceptance that food banks are a perfectly normal charity in one of the richest countries in the world needs to stop. Secondly, Reuben is part of a family who are the biggest donors to the cause of those food banks. To me at least, it's an utterly hollow gesture. I might be just a grumpy cunt, but it just felt a bit insensitive to me, even if it was meant to be a decent gesture. You shouldn’t be able to mention food banks without saying that they shouldn’t exist and it’s a disgusting feature of our society. You should at least explain why they exist, because we don’t look after people properly and people don’t earn enough to feed themselves. Link to post Share on other sites More sharing options...
The Prophet Posted May 25, 2023 Share Posted May 25, 2023 (edited) 15 minutes ago, Teasy said: Wow surprised he's got any money left if he's donating to all those party's, institutions and individuals. That's very obtuse like. The bloke and his family donate millions to the Tory Party, who's policy choices are responsible for the rise in foodbanks across the country. Donating £5,000 to the local foodbank feels awfully like giving a plaster to the person your mates needlessly kicked the shit out of. Edited May 25, 2023 by The Prophet Link to post Share on other sites More sharing options...
prefabtoon Posted May 25, 2023 Share Posted May 25, 2023 (edited) Wor Mandy Just watched this again out about a year ago. https://youtu.be/wZWdM6u7Guk Like the someone tell Merson he's talking Sh%%e Edited May 25, 2023 by prefabtoon Link to post Share on other sites More sharing options...
RodneyCisse Posted May 25, 2023 Share Posted May 25, 2023 A secondary point but hasn’t Jamie donated over 100k to the food bank so far? Link to post Share on other sites More sharing options...
huss9 Posted May 25, 2023 Share Posted May 25, 2023 Reubens out! Link to post Share on other sites More sharing options...
NUFC_Chris Posted May 25, 2023 Share Posted May 25, 2023 (edited) Here we are with Saudi Arabian owners, whinging about a Tory donor who has a 10% stake in the club. Edited May 25, 2023 by NUFC_Chris Link to post Share on other sites More sharing options...
St. Maximin Posted May 25, 2023 Share Posted May 25, 2023 (edited) Ultimately it’s pretty normal to vote selfishly so it’s not at all surprising the Reubens (and apparently Staveley and Ghodoussi) vote for the party that financially benefits them the most. I get the anger at people voting Tory, but politics is complex and you don’t have to agree with every policy to vote for a party. I doubt they go to the polling station consciously thinking about how keen they are to see more food banks also even if their vote contributes to it. But yeah either way, the other 80% is (the investment fund of) a state with a horrendous human rights record and clearly very evil dictator, so moral issues resulting from our other owners’ charitable deeds pale in comparison. Edited May 25, 2023 by St. Maximin Link to post Share on other sites More sharing options...
Whitley mag Posted May 26, 2023 Share Posted May 26, 2023 (edited) Bloke supporting party that best suits his personal situation what a heinous crime. Bit like still following a club with owners you think are murderers. Get off your moral fucking high horse, the bloke is entitled to support which party suits his personal situation, but still care about the vulnerable in society. Pricks. Edited May 26, 2023 by Whitley mag Link to post Share on other sites More sharing options...
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