A 🧵 of PIF's (KSA-specific... and yes there will be broader, too) strategic goals away from football. Imminent focus and fan interest will naturally be around staffing the football department and the next transfer window, but there are clear brand goals tied in to Vision 2030.
The first commercial task will be to find a front of shirt sponsor. PIF don't want a betting partner long term (sources have always admitted this) & British government could ban foreign gaming firms anyway. More details by end of 2021 on latter.
Saudi is launching a new national airline to rival Emirates & Qatar Airways. This or 'Visit Saudi' messaging are likely. Consortium will respect the Fun88 agreement, but it's very much a Mike Ashley deal they've inherited due to the takeover delay.
A commercial deal with Aramco is possible, too, especially with Yasir Al Rumayyan their chair. But Vision 2030 is really about creating business away from oil rather than partnering with it to invest in football. Interesting to see if that puts PIF off anything too prominent.
PIF also want to bring #NUFC to KSA at some point. This will likely be the next off-season. The Riyadh Season Cup (in Jan 2022, as part of an entertainment festival) will see PSG face a Saudi XI (coached by Wenger). This is a one-off game but plan is for future mini tournaments.
It is probable Newcastle will be involved in future events, especially as the concept evolves. Am told PIF also want to create Newcastle coaching centres in KSA. Arsenal, Juventus and PSG have done this with great success across MENA to date.
Thankfully, there will be no Real Madrid style 'theme park' (which never got going in Ras Al Khaimah). But there is talk of mass watch parties (when Covid safe) and a big drive to sell Newcastle merchandise at Saudi airports. Visibility in KSA is key.
PIF also want to tie Newcastle in with NEOM. NEOM ('New Future') is a super city with a big sports focus. It has already hosted the inaugural Beach Soccer Cup in 2019 and was part of the 2021 Dakar Rally.
The strategic aim, along with commercialising the club and growing reach, is also to create more jobs in Saudi. This is another pivotal aim of Vision 2030.
It is likely elements of Vision 2030 will translate to Newcastle as a city as well. PIF want to invest in the community not just the football club and in doing so show an improvement in 'quality of life'. This comes through wider investment and jobs.
That may sound quite vague (and is currently), but it's part of a desire to implement a more specific Quality of Life Programme, spearheaded by the football club, similar to the 2018 one the Vision 2030 team launched.
Also told #NUFC are considering starting an Arabic social media handle to try and target new fans. LaLiga is still more popular than the EPL in KSA, but there's a real loyalty to foreign players over clubs. Thus, if #NUFC sign a star name they'll gain an instant following in KSA.
The final point relates to club partnerships. Nothing concrete discussed with Saudi Professional League yet, perhaps due to speed takeover happened. Sides like Al Nassr and Al Hilal have big fanbases and there is an appetite to explore ways #NUFC can help develop young talent.
If this happens, it would be more about #NUFC sharing best coaching practices with clubs, and putting their name to football schools, rather than sending more established players to SJP. Although don't rule out a KSA international or two being considered 😉
Essentially, the consortium will have two strategies: one football-centric, one Saudi-centric. Former addresses the team, the latter the brand & there's obvious crossover. All pretty normal for a foreign-owned club, but I see PIF being more invested in the latter than the former.
PIF will be thinking global not just Saudi, but Vision 2030 tenets will be at their back of their mind when considering much of the above.

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More from @JacobsBen

6 Oct
A few extra bits on the #NUFC takeover.

Firstly, to reiterate, piracy has always been the main issue stopping a deal. It's largely why the EPL argue a lack of separation, since then they can tie PIF directly to the KSA State and the KSA State directly to beoutQ.
For 18 months a vocal proportion of #NUFC Twitter have dismissed piracy or failed to link it to the separation argument. But now beIN have their license back & a settlement, the most likely scenario is arbitration doesn't proceed since a takeover can be green-lighted without it.
The reason this may happen in 2-3 weeks (or even sooner) is because direct talks between PIF and the EPL have taken place since early September. These were led by Yasir Al-Rumayyan & Majid Al Qasabi.
Read 13 tweets
6 Oct
For people asking if EPL soften stance on piracy why it makes arbitration redundant...

Arbitration is on separation. But why do you think EPL argue PIF/KSA State are the same? Because EPL also argue KSA supported theft of their rights via the most advanced pirate network ever.
A lack of separation is a way of EPL directly addressing beoutQ having failed several times to get civil action started in KSA.

So if they're now content (and we don't yet know if they are) with today's progress then the landscape changes.
A large part of this whole saga has always been about piracy. EPL don't want to approve a sale to those they think helped steal their rights.

There are also other reasons why EPL may also want to test KSA State, but none are as personal as beoutQ.
Read 6 tweets
6 Oct
The Saudi GAC has confirmed the four-and-a-half year ban against beIN Sports will be lifted. beIN and KSA are also in the process of a settlement agreement for damages. This is part of $1bn arbitration case in London initiated by beIN.
KSA government has also pledged to work directly with beIN to shut down any offshoots of beoutQ. It is the first direct engagement between beIN and the KSA government and comes 10 months after the blockade was formally lifted.
beIN's sole objection to the Newcastle United takeover was over beoutQ and their own ban in KSA (their biggest market). The latter was purportedly for commercial breaches dating back to 2016... but clearly a byproduct of the political climate, too.
Read 13 tweets
6 May
It seems a little counter-productive for Mike Ashley to file an anti-competition law suit with arbitration still ongoing. Arbitration is about a pathway to acquisition. A damages case is a defeatist move from an owner fighting for compensation not a sale.
Key line in anti-competition suit reads, “[Ashley has] lost the immediate sale, or lost likely opportunity of an immediate sale of its shares... to the Consortium.”

This isn’t accurate if arbitration ongoing. & was #NUFC who added most significant delay by challenging Beloff.
Yes, arbitration & anti-competition cases can run concurrently... but if MA wins arbitration and PIF-led consortium assume control then he clearly isn’t going to win the other case so why start it?... unless perhaps there’s been a price drop or new time delay we don’t know about.
Read 10 tweets
5 Mar
A 🧵on #NUFC's failed High Court bid to remove Michael Beloff as chair of arbitration panel. Firstly, it's confirmed #NUFC trying to clear a path via arbitration to complete Saudi-led takeover. However, regardless of when hearing ends, PIF won't return until post-season/safety.
I am told this is due to a variety of (pretty obvious) factors. Firstly, should relegation occur the EFL would have to green-light the deal. But, more importantly, the terms would need to be renegotiated with a price drop (should Mike Ashley agree) of 85-100 million.
We now know the arbitration remit & panel. Terms of reference are broader than just separation alone. #NUFC maintain PIF are separate from Saudi State & thus gov. should not be listed (& tested) as a Director. But they are also challenging EPL's conduct & "lawfulness" of process.
Read 25 tweets
5 Mar
One point that’s been overlooked regarding Michael Beloff being “biased” against #NUFC is Beloff is also part of Blackstone... Nick DeMarco’s firm. So “Messi of sports law” is arguing against “Godfather of sports law” despite Blackstone saying he’s “always a joy to work with.”
The reason there is no conflict is because Beloff is now retired, but still listed on the Blackstone website.
So... #NUFC say past advice given to EPL constitutes a conflict & makes him susceptible to bias yet he will have undertaken far more work for Blackstone than EPL.
Also... Beloff may have offered EPL historical advice, but he's also gone up against them in arbitration alongside Nick De Marco. That was in 2007 when Blackstone was instructed by Fulham in a joint case v EPL to try and 'deregister' Carlos Tevez.
Read 4 tweets

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