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The realities of Saudi investment it ain’t stopping there on 13:05 - Jul 24 by unstableblue
The Saudis have immense Sovereign wealth.
Aramco has been consistently one of the highest profit organisations in the world for decades.
They have set up the public wealth fund with circa £550b - Public Investment Fund, PIF
The true wealth of the Saudis is in trillions.
That PIF fund has invested in many global companies even the likes of Uber, Electronic Arts, CitiBank
As well as of course Newcastle. A slightly different investment stream to Mbappe and the goal to get the Saudis league noticed and popular.
The PIF is aligned to the Saudis Vision 2030 Strategy and in part funds.
“ The vision has three main pillars: to make the country the "heart of the Arab and Islamic worlds", to become a global investment powerhouse, and to transform the country's location into a hub connecting Afro-Eurasia.”
The main themes:
A vibrant society – urbanism, culture and entertainment, sports, Umrah, UNESCO heritage sites, life expectancy A thriving economy – employment, women in the workforce, international competitiveness, Public Investment Fund, foreign direct investment, non-oil exports An ambitious nation – non-oil revenues, government effectiveness, e-government, household savings and income, non-profits, and volunteering.
Oil is currently 40% of GDP in reality much much higher (with later stages of suppled chain)
Sports and culture being specifically called out. But a hidden agenda is reputation.
The PIF and Saudis are funding a set of 23 mega projects and 5 gigA projects that are mind blowing in scale. The NEOM area and the Line, and the Red Sea project for example. These involve population of the North West (‘cooler areas’) which are about commerce and tourism and ATTRACTING PEOPLE TO SAUDI… this is hard with a tarnished reputation on human rights, torture and a vice like grip on the populous
So in summary this is a tap of money that will keep flowing, will create some questionable behaviours and influences on the likes of the Premier League and should be given laser scrutiny.
With a small chink of light that it may speed the modernisation of Saudi society and its reform, woman are joining the workforce, woman only canteens at workplace are being phased out.
One elephant in the room this rush of revenues to transform away from oil and gas is perversely creating gigantic amounts of CO2 emmisiosn in the about of CAPEX spent and concrete poured.
Absolutely FECKIN MENTAL
That “main theme of life expectancy”… the Khashoggi family would like to know more about that.
As per my point it is a bit wider than image washing
Mbappe is a lever/cog in a large multi-year, multi trillion transformation programme.. him joining that league moves multiple objectives forward not just image washing
The money rolling around in Saudi is beyond comprehension, this reminds me of my favourite pub story, one of my drinking mates (a builder by trade) got chatting to a bloke down the gym who works in personal protection, he went on a course that cost about £1000 and got firearms training and evasive driving, about 2 months later “bloke” down gym gets him a contract looking after a Saudi family in London, 6 months later, said family return to Saudi and as a thank you gave my drinking buddy the house they were staying in, about £1.5 million market value at the time, which was on top of the the circa £4k a week he was being paid, nothing like the money involved in this Mbappe deal, but cash is like tap water to them.
As per my point it is a bit wider than image washing
Mbappe is a lever/cog in a large multi-year, multi trillion transformation programme.. him joining that league moves multiple objectives forward not just image washing
He won't move though... too young
Messi made a far better move
If he can do one season for €700m with a guaranteed move to Real Madrid in 12 months, I suspect he will bite their hand off.
SSN reporting that spurs are amongst the clubs interested........Daniel Levey is smoking crack if he things that deal is doable even if he does offer up Kane in exchange (who wants to go to Bayern anyway according to all reports)
If he can do one season for €700m with a guaranteed move to Real Madrid in 12 months, I suspect he will bite their hand off.
He’d be mad too. It’s a very short career at the top, why throw away a year of it when he can be playing in real competitions instead and already has all the money he could ever want?
The money rolling around in Saudi is beyond comprehension, this reminds me of my favourite pub story, one of my drinking mates (a builder by trade) got chatting to a bloke down the gym who works in personal protection, he went on a course that cost about £1000 and got firearms training and evasive driving, about 2 months later “bloke” down gym gets him a contract looking after a Saudi family in London, 6 months later, said family return to Saudi and as a thank you gave my drinking buddy the house they were staying in, about £1.5 million market value at the time, which was on top of the the circa £4k a week he was being paid, nothing like the money involved in this Mbappe deal, but cash is like tap water to them.
Lol
Highlighting crass stupidity since sometime around 2010
He’d be mad too. It’s a very short career at the top, why throw away a year of it when he can be playing in real competitions instead and already has all the money he could ever want?
I did wonder that, but then how much of it will be his decision anyway.
A lot of these top footballers appear to be pawns for an agent.
The money rolling around in Saudi is beyond comprehension, this reminds me of my favourite pub story, one of my drinking mates (a builder by trade) got chatting to a bloke down the gym who works in personal protection, he went on a course that cost about £1000 and got firearms training and evasive driving, about 2 months later “bloke” down gym gets him a contract looking after a Saudi family in London, 6 months later, said family return to Saudi and as a thank you gave my drinking buddy the house they were staying in, about £1.5 million market value at the time, which was on top of the the circa £4k a week he was being paid, nothing like the money involved in this Mbappe deal, but cash is like tap water to them.
A CP course costs thousands not a thousand, takes weeks and you don't get hired if you're not ex-military. Yours, someone who used to do the SIA licences and has few mates who served and did CP in places like Somalia.
The money rolling around in Saudi is beyond comprehension, this reminds me of my favourite pub story, one of my drinking mates (a builder by trade) got chatting to a bloke down the gym who works in personal protection, he went on a course that cost about £1000 and got firearms training and evasive driving, about 2 months later “bloke” down gym gets him a contract looking after a Saudi family in London, 6 months later, said family return to Saudi and as a thank you gave my drinking buddy the house they were staying in, about £1.5 million market value at the time, which was on top of the the circa £4k a week he was being paid, nothing like the money involved in this Mbappe deal, but cash is like tap water to them.
Sounds unbelievable... but is highly likely
The amount of Brits with engineering and construction expertise who are heading out there or working via international consultants via multiple visits is really significant.. bit of a 'brain drain'
Not a surprise really when this government can't even finish HS2.. which woudn't even be a mega project in Saudi, let alone Giga
But at least we have our weather which in the years to come may be our most valuable asset!!
He’d be mad too. It’s a very short career at the top, why throw away a year of it when he can be playing in real competitions instead and already has all the money he could ever want?
We aren't talking a few quid though are we? It's mental money.
It sounds like his head is already in Madrid anyway. PSG seem to think he's signing there for nothing next summer - suspect as a free transfer that'll also be another bag of money in terms of signing on fee/wages.
PSG aren't to accept any bid that falls below this Saudi bid and no other club will pay it (even if he would forego his dream move to Madrid next summer, which I doubt he will) so his choice is going to be:
A) Go to Saudi for a year B) Sit on far less money at PSG for a year (where it seems he's enemy number 1 and may not even play)
He’d be mad too. It’s a very short career at the top, why throw away a year of it when he can be playing in real competitions instead and already has all the money he could ever want?
Quite. £0.13 million a week, £1.3 million a week, £13 million a week, it’s just numbers in a bank account to someone like him when he’s already got more money than he’ll ever need. It’s just obscene and insane. I have no idea of how much integrity mbappe has, or anyone in a similar position, but if they’re taking it, it’s not money at those levels, it’s just greed
The money rolling around in Saudi is beyond comprehension, this reminds me of my favourite pub story, one of my drinking mates (a builder by trade) got chatting to a bloke down the gym who works in personal protection, he went on a course that cost about £1000 and got firearms training and evasive driving, about 2 months later “bloke” down gym gets him a contract looking after a Saudi family in London, 6 months later, said family return to Saudi and as a thank you gave my drinking buddy the house they were staying in, about £1.5 million market value at the time, which was on top of the the circa £4k a week he was being paid, nothing like the money involved in this Mbappe deal, but cash is like tap water to them.
That's nuts. The husband of a girl I used to work with is a private helicopter pilot, he's flown loads of celebrities in the past and regularly used to take Simon Cowell up and down the country to X factor auditions and what not. He had a Saudi client who he had only flown twice, but gave him a 'tip' of £10k in a brown envelope. Ridiculous.
The money rolling around in Saudi is beyond comprehension, this reminds me of my favourite pub story, one of my drinking mates (a builder by trade) got chatting to a bloke down the gym who works in personal protection, he went on a course that cost about £1000 and got firearms training and evasive driving, about 2 months later “bloke” down gym gets him a contract looking after a Saudi family in London, 6 months later, said family return to Saudi and as a thank you gave my drinking buddy the house they were staying in, about £1.5 million market value at the time, which was on top of the the circa £4k a week he was being paid, nothing like the money involved in this Mbappe deal, but cash is like tap water to them.
Did your mate look like this by some chance?
[Post edited 24 Jul 2023 14:36]
I'm one of the people who was blamed for getting Paul Cook sacked. PM for the full post.
A CP course costs thousands not a thousand, takes weeks and you don't get hired if you're not ex-military. Yours, someone who used to do the SIA licences and has few mates who served and did CP in places like Somalia.
Story indeed.
TalkingSh1te making something up? Seems highly out of character.
I'm one of the people who was blamed for getting Paul Cook sacked. PM for the full post.
The Saudi leadership clans went from poor desert tribes before the 1920s to national power and then incredible wealth in half a lifetime. They're like lottery winners for whom money no longer has any value and just spend, spend, spend as fast as possible. Except their lottery has been paying out for decades and will do so for a few more years yet.
We aren't talking a few quid though are we? It's mental money.
It sounds like his head is already in Madrid anyway. PSG seem to think he's signing there for nothing next summer - suspect as a free transfer that'll also be another bag of money in terms of signing on fee/wages.
PSG aren't to accept any bid that falls below this Saudi bid and no other club will pay it (even if he would forego his dream move to Madrid next summer, which I doubt he will) so his choice is going to be:
A) Go to Saudi for a year B) Sit on far less money at PSG for a year (where it seems he's enemy number 1 and may not even play)
[Post edited 24 Jul 2023 14:11]
Yeah this is one of those situations where pragmatism probably points in the same direction as greed. Real can't and wouldn't want to spend a fortune on him this summer. PSG don't want him to see out his contract, unless he signs the extension that would jeopardize next summer's career move. No European club would offer a 1-year transfer fee agreeable to PSG and Mbappe wouldn't entertain a multi-year deal.
Therefore, he carries out his gardening leave with high profile names in Saudi Arabia or he tests the mettle of his billionaire owners, who I imagine are allowed to not make proper use of his talent.
The amount of Brits with engineering and construction expertise who are heading out there or working via international consultants via multiple visits is really significant.. bit of a 'brain drain'
Not a surprise really when this government can't even finish HS2.. which woudn't even be a mega project in Saudi, let alone Giga
But at least we have our weather which in the years to come may be our most valuable asset!!
My wife is a teacher. Over the last couple of years she's lost at least 4 colleagues to the Middle East - all with the plan to go out there for a few years on big bucks and come back. Depending on your contract, some include rent-free accomodation as well.
A CP course costs thousands not a thousand, takes weeks and you don't get hired if you're not ex-military. Yours, someone who used to do the SIA licences and has few mates who served and did CP in places like Somalia.
Story indeed.
This isn’t a def info, it’s a fact, happened about 10 years ago and sounds unbelievable, but is 100% true. He said it cost about a grand for the training, maybe the “gym bloke” part funded? He acted as a recruitment agency, so was taking a commission of his salary. You don’t have to be ex-military, as long as you’ve got relevant qualifications and are with the right firm, you’re in, though they do often prefer ex military, cos they already have the relevant training.
That's nuts. The husband of a girl I used to work with is a private helicopter pilot, he's flown loads of celebrities in the past and regularly used to take Simon Cowell up and down the country to X factor auditions and what not. He had a Saudi client who he had only flown twice, but gave him a 'tip' of £10k in a brown envelope. Ridiculous.
It’s genuinely mad, so many crazy stories from people I know who have had dealings with Saudi’s, even the “not so well off” families there are minted beyond belief and are happy to splash cash around.
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