I still think the primary intent of these fuel states when they buy clubs is actually to just make money and diversify their assets a bit, the sportswashing thing is really overblown in my opinion.
If cleaning their image was all they cared about they’d be buying the biggest clubs in the world and not buying ‘cheap’ clubs like Man City and Newcastle and turning them into profitable machines (too early to say with Newcastle but that’s the route they’re heading at the moment)
Their main intent was to get in on the property market in the UK. They used their purchase of Man City as an in to start buying up loads of land in Manchester on the cheap to develop. It’s also why Neville is such a big fan of them, because they fund some of his projects.
In 5 to 10 years you’ll see Newcastle have loads of new buildings built by the Saudi’s.
10% margin is not bad.
Most supermarkets hit 3% margin. Amazon hit 1% margin.
I still think the primary intent of these fuel states when they buy clubs is actually to just make money and diversify their assets a bit, the sportswashing thing is really overblown in my opinion.
If cleaning their image was all they cared about they’d be buying the biggest clubs in the world and not buying ‘cheap’ clubs like Man City and Newcastle and turning them into profitable machines (too early to say with Newcastle but that’s the route they’re heading at the moment)
They do not care about their image lmao they have outright said that they don’t and it’s a business and hobby interest.
It’s an asset to them not some sort of imaginary vehicle for a perception they’ve said is meaningless to them.
Yup seems obvious to me but I’m sitting here on like -100 for giving my opinion and reasoning, pretty funny
Lol… As if 80 million profit is going to diversify a multi billion oil based economy.
How much did they pay you for this viewpoint?
Their main intent was to get in on the property market in the UK. They used their purchase of Man City as an in to start buying up loads of land in Manchester on the cheap to develop. It’s also why Neville is such a big fan of them, because they fund some of his projects.
In 5 to 10 years you’ll see Newcastle have loads of new buildings built by the Saudi’s.