Newcastle United Takeover

[Kashmire Hawker]

The dream of all Newcastle United fans, to see the end of Mike Ashley's reign of the club: finally looks set to become reality; possibly as early as tonight.

This is thanks to Saudi Arabia agreeing to lift the ban on broadcasting Qatar owned beIN Sport and them agreeing to shut down beoutQ - which is a pirated form of beIN in the nation.

Therefore the Premier League has/is about to give the green light, on a £300 Million deal which the PL now see as acceptable, as a result of Qatar and Saudi Arabia making up.

Interesting times ahead on Tyneside!

Newcastle takeover: Saudi Arabia-financed bid expected to go through in near future

The Saudi Arabia-financed consortium's bid for Newcastle United is expected to go through in the near future following the reversal of a ban on beIN Sport in the Gulf nation. A takeover saga which has now dragged on for 18 months and seen the club embroiled in legal disputes with the Premier...

theathletic.com

 

[Lycaon]

Just a simple case of “Poacher turning Gamekeeper” I would suggest?
It’s definitely a win win for Mike Ashley but not so sure for the fans of NUFC.
This could potentially go horribly wrong!

 

[GY Wolf]

How sad that nobody seems to have any issue with the appalling state of Saudi Arabia having direct involvement with English football.

 

[SuperGran]

How sad that nobody seems to have any issue with the appalling state of Saudi Arabia having direct involvement with English football.

People more concerned with the money that Newcastle may have rather than the Saudi state having involvement in the premier league

 

[Stoichkov]

new levels of greed from the PL. probably helps wolves and our profile to be honest, more of europe's best players will be heading this way and we're an attractive proposition if top clubs don't want them

i kind of knew we were all going to hell in a handcart when mendes got involved, and i've enjoyed the ride so can't complain now

 

[WeAreTheWolvesII]

Just a simple case of “Poacher turning Gamekeeper” I would suggest?
It’s definitely a win win for Mike Ashley but not so sure for the fans of NUFC.
This could potentially go horribly wrong!

How? Isn't this a Man City-esque takeover.

Purely from a football perspective, haven't they just hit the jackpot? I expect them to be one of the best teams in the world within ten years.

They've resolved a major dispute with Qatar to buy Newcastle and I presume the intention is to splash out now.

 

[SuperGran]

How? Isn't this a Man City-esque takeover.

Man City are owned by a person not a state

 

[rincewind]

Purely from a football perspective, haven't they just hit the jackpot? I expect them to be one of the best teams in the world within ten years.

I expect them to be moaning about FFP in 2 years time.

 

[SingleMalt]

Man City are owned by a person not a state

Blurred lines wouldn’t you agree? He’s a member of the Royal Family and is chief executive of the sovereign wealth fund.

 

[Wolf316]

How? Isn't this a Man City-esque takeover.

Purely from a football perspective, haven't they just hit the jackpot? I expect them to be one of the best teams in the world within ten years.

They've resolved a major dispute with Qatar to buy Newcastle and I presume the intention is to splash out now.

They’ll still have to comply with FFP.

 

[SuperGran]

Every time they mention it on ssn they show Hwangs goal

 

[WeAreTheWolvesII]

I expect them to be moaning about FFP in 2 years time.

City found ways around it.

If you're really serious, it's not really a problem. I can't imagine the Saudi's are taking this much effort to buy Newcastle to find out in a year or two they'll be stumped by FFP.

 

[Mile End Wanderer]

Money doesn’t mean anything to a team like Newcastle success won’t come overnight look at city took time then also FFP now too.

 

[bigwolf]

More sportswashing.

Turns my stomach seeing this sport being used in this way.

 

[arctic rime]

Hopefully they get relegated

 

[WeAreTheWolvesII]

This Telegraph reporter saying they paid $1bn to settle the issue with Qatar of piracy!!!

They're going to be proper contenders.

Hypocritical as we've benefited but it's sad to see how football has gone, I get this isn't new either. But you actually can't compete. At least we've not competed for most of our fans lifetimes, but for clubs like Arsenal and Liverpool (when Klopp leaves) it will be pretty depressing I'd imagine and takes away a lot of hope for the rest of us. So glad I went on a few of those European away days!

 

[Dan G WWFC]

Fully expect them to try and be the next PSG and Man City. This is going to make it even harder for us.

Woukdnt be surprised if Renato Sanches joins them.

 

[Jawwfc]

How sad that nobody seems to have any issue with the appalling state of Saudi Arabia having direct involvement with English football.

Agreed.... but in all fairness not much is said about the Queen and other royals happily hosting them and happily receiving there gifts of racehorses, diamonds, Jewels etc,

And nothing said on the deals our country does with them.

 

[Big Saft Kid]

People moaning about Saudi? How about China? Appalling human rights record there too... People in glass houses throwing stones?

 

[GY Wolf]

People moaning about Saudi? How about China? Appalling human rights record there too... People in glass houses throwing stones?

I do, never been comfortable with it, but the state-backed takeover of Newcastle by a country that murders journalists, bombs Yemeni children and imposes a very oppressive regime is a new level of grimness really.

 

[Living at other WWFC]

Genuinely unpleasant.
For example...

Saudi Arabia’s Tenacity for Torturing and Sentencing Juveniles to Death - Humanium

Right now in Saudi Arabia, at least 4 people are awaiting execution by beheading or crucifixion for offences committed when they were children. Saudi Arabia must comply with adequate standards of juvenile justice. A State Party to the Convention on the Rights of the Child Although the Kingdom...

www.humanium.org

 

[Monketron]

People moaning about Saudi? How about China? Appalling human rights record there too... People in glass houses throwing stones?

China or the ruling Communist Party doesn't own us though. Don't conflate all Chinese people/companies to the actions of their government.

 

[arctic rime]

Wont FFP come into play?

 

[wolvesaywe]

Wont FFP come into play?

Absolutely it will.

They need to improve their entire squad and their revenue is pretty much the same as ours.

They'll have the same financial straight jacket that us and Everton have encountered

 

[Urko]

Don’t expect Neymar signings, Telegraph reporting they will look to grow organically revamping scouting and their training complex.

“But the plan was for an initial £100 million to be earmarked for transfers over a four-year period, which sounds relatively modest, especially given the wealth of the owners. Fans dreaming of bids for the likes of Kylian Mbappe might be disappointed in that. But it is £100 million more than is being invested in Newcastle at present and they will know that further funds can easily be committed if necessary”

 

[Rangiora Wolf]

People moaning about Saudi? How about China? Appalling human rights record there too... People in glass houses throwing stones?

Couldnt agree more. I wonder if we would be anti this if they were taking us over?

 

[Big Saft Kid]

China or the ruling Communist Party doesn't own us though. Don't conflate all Chinese people/companies to the actions of their government.

You think FOSUN are free agents who can do what they like? In your dreams.

 

[Deleted member 9202LYK]

More sportswashing.

Turns my stomach seeing this sport being used in this way.

Yeah… each time they introduce VAR, or turn a blind eye to Villa selling their ground or approve unfit owners, I disagree and then gradually get over it.

There will come a time when it becomes too US like to bear. This is when people start franchising.

When they do I’m going non league for sure.

 

[Flump]

You think FOSUN are free agents who can do what they like? In your dreams.

If only there was some kind of middle ground between "no connection at all" and "literally the government".

 

[clivewolves]

With FFP they can't be like Man City of a decade ago.

But from what I've read in the last few years their net spend has hardly been anything. They can now at least spend something to compete with like of us, Everton, Villa, Leicester, etc. They could be another club trying to finish in the top six or seven and get into Europe.

Bring it on.

 

[wolvesaywe]

With FFP they can't be like Man City of a decade ago.

But from what I've read in the last few years their net spend has hardly been anything. They can now at least spend something to compete with like of us, Everton, Villa, Leicester, etc. They could be another club trying to finish in the top six or seven and get into Europe.

Bring it on.

Exactly

They'll be another one in the mix pushing for top 6 but they won't be a City / PSG. Simply can't happen unless the spending rules are changed

Which they absolutely should be. It's a farce that billionaire owners can't spend what they want.

But changing them would be bad news for the elite clubs so go figure

 

[Flump]

Which they absolutely should be. It's a farce that billionaire owners can't spend what they want.

The logic is that if you let Man City, PSG, Newcastle (?) etc spend what they want, then other clubs who can't afford to will overstretch themselves and go bankrupt.

It does make sense IMO, although there is obviously the more cynical side of big clubs not wanting competition.

 

[Wonder Boyo]

Newcastle fans up here are really excited, in fact they're losing their minds about it, and they've all got ready made and practised excuses for why it's all fine and nothing to worry about ethically. I imagine that would be the same at most football clubs. Think it would make me think twice about going to see Wolves or investing any of my time and money into the club if this happened to us. More of a difficult situation if you live locally though and you see them investing in the community, local environment, buying top players and putting your team and city on the map (ala Manchester City).

I think this is very different from our ownership by Fosun. They've got around this by creating a Public Investment Fund (PIF) that is seen as separate to the state (funded by the state's money), but everyone knows it really is the state. Nudge nudge wink wink.

Who is head of the PIF? Crown Prince Mohammed bin Salman. The US intelligence department named Prince Mohammed as having approved the murder of the journalist Jamal Khashoggi at the Turkish Embassy. If you want to see how he operates watch the documentary called 'The Dissident' on Prime. The sickening thing is, I'm sure at some stage this guy will appear in the stands at St James' Park and get a standing ovation from a packed stadium.

 

[Mile End Wanderer]

Don’t expect Neymar signings, Telegraph reporting they will look to grow organically revamping scouting and their training complex.

“But the plan was for an initial £100 million to be earmarked for transfers over a four-year period, which sounds relatively modest, especially given the wealth of the owners. Fans dreaming of bids for the likes of Kylian Mbappe might be disappointed in that. But it is £100 million more than is being invested in Newcastle at present and they will know that further funds can easily be committed if necessary”

100m over 4 years so what 12.5m per transfer window? That’s rather low, their fans won’t be happy lol

 

[Richboxy]

They’ll still have to comply with FFP.

I don’t think so, isn’t the new FFP basically just a luxury tax. Which, unlike our owners, they’ll be happy to pay.

Terrible news for us, as will just make it harder for us to compete.

 

[Hoganstolemywife]

I don’t think so, isn’t the new FFP basically just a luxury tax. Which, unlike our owners, they’ll be happy to pay.

Terrible news for us, as will just make it harder for us to compete.

Terrible news for us, and for football as a whole. I really like Newcastle but I now hope they go down

 

[Rednal Wolf]

Can't believe how keen the media are to see Newcastle challenging and "being back up there where they belong"
After all it was only in 1969 that they won their last major honour....... The fairs Cup. V Ujpesti Dosza. Oh and let's not forget the Texaco Cup in 1975.
Massively overatted club by the media.

 

[sc91]

I don’t think so, isn’t the new FFP basically just a luxury tax. Which, unlike our owners, they’ll be happy to pay.

Terrible news for us, as will just make it harder for us to compete.

Yeah, ban from UEFA competitions is a luxury tax.

 

[Hot Fuss]

Don’t expect Neymar signings, Telegraph reporting they will look to grow organically revamping scouting and their training complex.

“But the plan was for an initial £100 million to be earmarked for transfers over a four-year period, which sounds relatively modest, especially given the wealth of the owners. Fans dreaming of bids for the likes of Kylian Mbappe might be disappointed in that. But it is £100 million more than is being invested in Newcastle at present and they will know that further funds can easily be committed if necessary”

Assuming this does go through they will be spending a lot more than 100 million over the next 4 years.

 

[arctic rime]

Newcastle fans up here are really excited, in fact they're losing their minds about it, and they've all got ready made and practised excuses for why it's all fine and nothing to worry about ethically. I imagine that would be the same at most football clubs. Think it would make me think twice about going to see Wolves or investing any of my time and money into the club if this happened to us. More of a difficult situation if you live locally though and you see them investing in the community, local environment, buying top players and putting your team and city on the map (ala Manchester City).

I think this is very different from our ownership by Fosun. They've got around this by creating a Public Investment Fund (PIF) that is seen as separate to the state (funded by the state's money), but everyone knows it really is the state. Nudge nudge wink wink.

Who is head of the PIF? Crown Prince Mohammed bin Salman. The US intelligence department named Prince Mohammed as having approved the murder of the journalist Jamal Khashoggi at the Turkish Embassy. If you want to see how he operates watch the documentary called 'The Dissident' on Prime. The sickening thing is, I'm sure at some stage this guy will appear in the stands at St James' Park and get a standing ovation from a packed stadium.

Stinks the place out, hope they are relegated.