Page 3 of 3
Re: Saudi investment into the Premiership
Posted: Wed Feb 14, 2024 12:26 pm
by Eugene Wrayburn
Which Tyler wrote: ↑Thu Feb 01, 2024 2:07 pm
Timbo wrote: ↑Thu Feb 01, 2024 1:58 pm
10% or so of four clubs doesn’t make a whole lot of sense to me. Buying a club outright, particularly Falcons, I could understand. What do they get for their investment? Financially rugby won’t even touch the sides for PIF & ‘sportswashing’ only works if you’re percieved to be front & centre in something positive, not a minority investor.
Dip a toe in to see if you like the water?
Though quite honestly, rugby is such a small sport, they could outright buy a club, and lose more down the back of sofa that day
Unfortunately they could buy the entire of English professional rugby with their small change, and English rugby is very much up for sale.
Re: Saudi investment into the Premiership
Posted: Sun Feb 18, 2024 7:34 pm
by Which Tyler
Re: Saudi investment into the Premiership
Posted: Sun Feb 18, 2024 9:54 pm
by Puja
Not sure of my opinion on that. I'm very glad it's not my team, but I don't know if I can blame Newcastle for taking the money when they're teetering on the edge.
Puja
Re: Saudi investment into the Premiership
Posted: Wed Oct 09, 2024 1:55 pm
by Slater582
Talk of PIF buying the city's struggling rugby union team, Newcastle Falcons, has been rubbished by sources close to the sovereign wealth fund as well as the leadership group at Kingston Park. The Falcons hierarchy have talked about the potential to establish a rugby academy in Saudi Arabia but that is it.
According to a well placed source, PIF currently has "no plans to invest" in rugby in this country. Indeed, there is some frustration that people claiming to speak for PIF, who do not, have fuelled this story in the media.
That is from an article in the Daily Telegraph by Luke Edwards today.
Re: Saudi investment into the Premiership
Posted: Wed Oct 09, 2024 2:42 pm
by Which Tyler
Let's hope they're not just lying
Re: Saudi investment into the Premiership
Posted: Wed Oct 09, 2024 2:51 pm
by Puja
Which Tyler wrote: ↑Wed Oct 09, 2024 2:42 pm
Let's hope they're not just lying
Would the Telegraph or the government of Saudi Arabia do that?!?
Puja
Re: Saudi investment into the Premiership
Posted: Wed Oct 09, 2024 2:54 pm
by Which Tyler
Never in a month of somedays
Re: Saudi investment into the Premiership
Posted: Wed Oct 09, 2024 4:20 pm
by Mellsblue
Diamond and Thompson confirmed this in The Ruck podcast last month.
Re: Saudi investment into the Premiership
Posted: Wed Oct 09, 2024 7:16 pm
by Puja
Mellsblue wrote: ↑Wed Oct 09, 2024 4:20 pm
Diamond and Thompson confirmed this in The Ruck podcast last month.
I mean, given his previous on public pronouncements, Diamond could tell me it was daylight at midday and I'd still stick my head out of the window to check.
Puja