Mags embarrassing themselves yet again

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Seems very dodgy. According to LinkedIn, this company only formed in 2024, no details of turnover or cash available, only 11-50 employees yet they're supposed to be forking out £20 million a year for 3 years to sponsor them?
Be great if the Mags have been duped and this is the reincarnation of Rich Energy run by a fantasist like Storey. <laugh>
 
Massively dodgy. £80m from a company who have 655 followers on x? Sure that Storey’s company have more reputation than that!

Oh… nd not following the NUFC x account! Hilarious that tye PL are again turning a blind eye to this!
This has all the hallmarks of being another Rich Energy debacle and they'd actually been around longer when they tried to sponsor Haas formula 1 team.

Unless this is a Saudi backed shell company, how can a company, that no one has heard, with so few employees be able to afford an £80 million sponsorship deal?
 
Tremendous

Something proppa wrong there like

<laugh> <laugh> <laugh> <laugh>
I knew about Wissa wanting away back in March as it appears he is not a nice person. Words from one who works at Sid James. The story's about Lewis Hall wanting away began at the start of April but heard nothing after that. Elanga, I can see that but they did over pay for him and Woltemade.. Tonali, Guiemarres and Liveramento (now knackered of course ) began hearing whispers at the end of April so as others have posted there seems to be a lot of unrest in the Tooooon... Thats not counting the backroom staff being cut.
 
I knew about Wissa wanting away back in March as it appears he is not a nice person. Words from one who works at Sid James. The story's about Lewis Hall wanting away began at the start of April but heard nothing after that. Elanga, I can see that but they did over pay for him and Woltemade.. Tonali, Guiemarres and Liveramento (now knackered of course ) began hearing whispers at the end of April so as others have posted there seems to be a lot of unrest in the Tooooon... Thats not counting the backroom staff being cut.

There’s only around ten 30 year olds I’d consider paying £50 million for …

… Wissa isn’t in the top 1000.

I wouldn’t have paid that much for Xhaka, although two more seasons like the last one and I’d probably be proved wrong <laugh>
 
There’s only around ten 30 year olds I’d consider paying £50 million for …

… Wissa isn’t in the top 1000.

I wouldn’t have paid that much for Xhaka, although two more seasons like the last one and I’d probably be proved wrong <laugh>
Brentford absolutely had their pants down on Wissa. They just waited it out, and when he got there he didn't want to play. Wouldn't have him on a free.

As for Granit, if we'd shelled out £50m, he'd have paid it off by now!
 
Brentford absolutely had their pants down on Wissa. They just waited it out, and when he got there he didn't want to play. Wouldn't have him on a free.

As for Granit, if we'd shelled out £50m, he'd have paid it off by now!

Saudi is their only way out of that mess ...

... I doubt anyone would even pay his wages for a loan deal.
 
This has all the hallmarks of being another Rich Energy debacle and they'd actually been around longer when they tried to sponsor Haas formula 1 team.

Unless this is a Saudi backed shell company, how can a company, that no one has heard, with so few employees be able to afford an £80 million sponsorship deal?
I've asked my mate about this. He knows this type of stuff and knows where to look.

He says that in any normal marketing push at that level, turnover to support such a commitment would need to be in the hundreds of millions, to the low billions, depending on various factors.

That is a big company to hide, and hidden it is. A couple of ex fighters apparently, and some press releases. No public mention of it's performance or financials, no appearances in any market reports, no sales figures, no financial backer mentioned, nothing.

He says, (he's a black and whiter by the way), that it is either hidden money, Saudi possibly despite what has been said, or they probably don't have it. It is a mega competitive market, so I doubt they will get it.

He also says that there is no obligation to demonstrate the financial capacity of a sponsor to pay, only to show that it falls within the FMV range, which it doesn't seem to.
 
I've asked my mate about this. He knows this type of stuff and knows where to look.

He says that in any normal marketing push at that level, turnover to support such a commitment would need to be in the hundreds of millions, to the low billions, depending on various factors.

That is a big company to hide, and hidden it is. A couple of ex fighters apparently, and some press releases. No public mention of it's performance or financials, no appearances in any market reports, no sales figures, no financial backer mentioned, nothing.

He says, (he's a black and whiter by the way), that it is either hidden money, Saudi possibly despite what has been said, or they probably don't have it. It is a mega competitive market, so I doubt they will get it.

He also says that there is no obligation to demonstrate the financial capacity of a sponsor to pay, only to show that it falls within the FMV range, which it doesn't seem to.
Cheers mate, your mate pretty much backs up what I think with his knowledge. This whole deal is dodgy as hell and you can see it a mile off. If we were in that situation I'd be very concerned. If they don't have the money it could cause the mags a huge headache financially and breach PSR and if it's a Saudi shell company trying to get round PSR they could get hammered with fines and points deduction if it comes out.

Mind you it would be hilarious if it turned out that this company has no money of their own and their backers were involved in organised crime and money laundering!
 
I've asked my mate about this. He knows this type of stuff and knows where to look.

He says that in any normal marketing push at that level, turnover to support such a commitment would need to be in the hundreds of millions, to the low billions, depending on various factors.

That is a big company to hide, and hidden it is. A couple of ex fighters apparently, and some press releases. No public mention of it's performance or financials, no appearances in any market reports, no sales figures, no financial backer mentioned, nothing.

He says, (he's a black and whiter by the way), that it is either hidden money, Saudi possibly despite what has been said, or they probably don't have it. It is a mega competitive market, so I doubt they will get it.

He also says that there is no obligation to demonstrate the financial capacity of a sponsor to pay, only to show that it falls within the FMV range, which it doesn't seem to.

Even without my obvious bias and hope that this falls apart ...

... I seriously doubt this will last until the end of the agreement.

As you suggest, the figures just dont stack up.

When you have clubs with airlines, etc, as sponsors, having a fizzy pop outfit looks ridiculous.
 
Cheers mate, your mate pretty much backs up what I think with his knowledge. This whole deal is dodgy as hell and you can see it a mile off. If we were in that situation I'd be very concerned. If they don't have the money it could cause the mags a huge headache financially and breach PSR and if it's a Saudi shell company trying to get round PSR they could get hammered with fines and points deduction if it comes out.

Mind you it would be hilarious if it turned out that this company has no money of their own and their backers were involved in organised crime and money laundering!
I think I'd pay a week's wages for it to be old Will Storey!

My mate also said by the way that the Reuters report a few weeks ago regarding them potentially looking for external investment was both not only credible, but that it also hinted obliquely at a sale of future revenue from TV in the manner of Barca and Real Madrid, though without their certainty vof UCL cash and their own TV rights.

Might be nowt in either, might be nowt in this weird sponsorship deal, might be nowt in staff leaving and players wanting to leave, might be nowt in no progress on the stadium and other infrastructure.

That is a lot of nowt in its all at the same time. Shangri La up there it is not.
 
Walked down Northumberland Street today and they’re still hiding. No Newcastle tops on show and the only new ones I saw were in the shops or advertising hoardings. Any showing their Newcastle allegiance had leisure t-shirts and training tops. Seems they may be trying to not bring embarrassing/embarrassed.
It's probably more to going into the shops and standing at the tills and the constant beeping that wearing the barcodes shirt causes