The PIF and us

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Originally Posted by toonozandy

That is mind boggling wealth Ragatino, thank goodness they own us !!!! O:)

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I'm glad they are in our side too haha

All the right moves are being made so far, its early days yet. I will judge after 5 years, guarantee you won't be questioning anything then. Sure of it.

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Originally Posted by PhoneymcRingRing

I wonder where we are in their list of priorities? I know we have to watch for FFP but something feels not right, We joke about selling our dead wood to the Saudi league for 100s of millions, but why can’t we? If ASM being sold to the Saudi league doesn’t break any rules then why can’t we sell Hayden, Hendrick, Darlow etc to the Saudi league?

The PIF have so much money they could bankrupt the PL or UEFA tying them up in court cases .

So why are they holding back compared to all the other sports washing projects they own?

Curious.

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The biggest reason is that the EPL implemented a rule in Oct '21 related to inter-company transfers (most likely in relation to City ownership and their footprint of clubs, and probably stuff like Watford's shady deal with Udinese) to ensure that fair value is paid when the same owners are involved.

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Originally Posted by Nufcian

The biggest reason is that the EPL implemented a rule in Oct '21 related to inter-company transfers (most likely in relation to City ownership and their footprint of clubs, and probably stuff like Watford's shady deal with Udinese) to ensure that fair value is paid when the same owners are involved.

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https://www.youtube.com/watch?v=bcyQGOzG3s

Please enjoy a conversation between David Rubenstein & our own chairman, Saudi Wealth Fund Head Yasir Al-Rumayyan.

This really details just how powerful these people are.

Aramco is the largest & richest country on the global stock market. However the current amount of stocks in the market is only 2% of the entire value of the company!

So let that sink in. Bigger than Apple or Amazon or Google with only 2% of it's shared in the market.

Attachment 24540

Couldn't view that video but I get the gist. Its a trillion dollar operation. I heard last night that the entire sports portfolio is only about 2% of their total investments. When you consider Liv, F1 and football, thats staggering.

As a comedian who I can't remember the name of once said "I bet Moses would regret turning right after the Red Sea instead of left and got the oil instead of oranges"

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Originally Posted by Sclox

Couldn't view that video but I get the gist. Its a trillion dollar operation. I heard last night that the entire sports portfolio is only about 2% of their total investments. When you consider Liv, F1 and football, thats staggering.

As a comedian who I can't remember the name of once said "I bet Moses would regret turning right after the Red Sea instead of left and got the oil instead of oranges"

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Yes indeed.

Moses' mob didn't do too bad for themselves though. lol

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Originally Posted by Ragatino

https://www.youtube.com/watch?v=bcyQGOzG3s

Please enjoy a conversation between David Rubenstein & our own chairman, Saudi Wealth Fund Head Yasir Al-Rumayyan.

This really details just how powerful these people are.

Aramco is the largest & richest country on the global stock market. However the current amount of stocks in the market is only 2% of the entire value of the company!

So let that sink in. Bigger than Apple or Amazon or Google with only 2% of it's shared in the market.

Attachment 24540

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https://www.youtube.com/watch?v=bUcyQGOzG3s

This link should work

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Originally Posted by Ragatino

https://www.youtube.com/watch?v=bUcyQGOzG3s

This link should work

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Very interesting. I get the impression that Yasir Al-Rumayyan is a decent man with good morals and business ethics from this. A lot of corporate responsibility in those chosen investments. A lot classier than your normal US/UK company boss I reckon. I reckon these lads should get behind the British electric car battery industry here because its non existent as it stands - ahead of the 2030 deadlines set by the government. Money to be had there, I think they attempted a mega factory in Blythe but it collapsed due to lack of government support.

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Originally Posted by Sclox

Very interesting. I get the impression that Yasir Al-Rumayyan is a decent man with good morals and business ethics from this. A lot of corporate responsibility in those chosen investments. A lot classier than your normal US/UK company boss I reckon. I reckon these lads should get behind the British electric car battery industry here because its non existent as it stands - ahead of the 2030 deadlines set by the government. Money to be had there, I think they attempted a mega factory in Blythe but it collapsed due to lack of government support.

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In the Middle East things are considerably more traditional. Dignity, respect and decency are still integral to society. in 8 yrs I've only seen 1 or 2 people screaming, shouting and arguing in public. Surprise, Surprise those people were drunk Europeans, Dutch & a English... doing us proud! So embarrassing!

They have a concept called 'Wasta' - it means 'Clout / Who you know'. Western media like to report it as Nepotism, a negative thing. When in fact, its the complete opposite. People who do a good job and show loyalty, respect and deliver on their word and promise are rewarded with more work, promotions, responsibility and all the benefits that go with those advantages.

Relationships are more important simple monetary profits. The culture here is still very much based on the tribal ethos of respecting elders, doing your bit as part of a collective group of men, not letting the rest of the tribe down and being able to look a man in the eye, shake the hand and know that means something.

All virtues which have sadly been eroded from our own culture with the rise of greed, vanity, pride and selfishness.

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Originally Posted by Ragatino

In the Middle East things are considerably more traditional. Dignity, respect and decency are still integral to society. in 8 yrs I've only seen 1 or 2 people screaming, shouting and arguing in public. Surprise, Surprise those people were drunk Europeans, Dutch & a English... doing us proud! So embarrassing!

They have a concept called 'Wasta' - it means 'Clout / Who you know'. Western media like to report it as Nepotism, a negative thing. When in fact, its the complete opposite. People who do a good job and show loyalty, respect and deliver on their word and promise are rewarded with more work, promotions, responsibility and all the benefits that go with those advantages.

Relationships are more important simple monetary profits. The culture here is still very much based on the tribal ethos of respecting elders, doing your bit as part of a collective group of men, not letting the rest of the tribe down and being able to look a man in the eye, shake the hand and know that means something.

All virtues which have sadly been eroded from our own culture with the rise of greed, vanity, pride and selfishness.

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I agree, we have been conditioned to believe that the old "Nepotism" ways are evil, its how it used to be here and still goes on make no mistake, especially in some professions. It is not always negative but can be if the unwritten rules are not followed properly.