Reading the BBC article in mentions that it’s backed by “a number of high wealth families in the USA” and a member of the Saudi Royal Family so sounds more like a traditional investment/hedge fund rather than something like the Newcastle situation
I'd say there's a difference between being owned by a group of randoms one of which is a Saudi and by the Saudi PIF, but that may just be me trying to self-justify it. I mean, it doesn't say where in the lineage this guy or gal falls. It could be they're like Mike and Zara Tindall's kids. Technically they're part of the royal family, but they're not part of the family.
Goaljira wrote: ↑Mon Jun 10, 2024 2:16 pm
I'd say there's a difference between being owned by a group of randoms one of which is a Saudi and by the Saudi PIF, but that may just be me trying to self-justify it. I mean, it doesn't say where in the lineage this guy or gal falls. It could be they're like Mike and Zara Tindall's kids. Technically they're part of the royal family, but they're not part of the family.
Yep, there is a big difference in my mind between a consortium of global investors and being directly owned by the Saudis.
Goaljira wrote: ↑Mon Jun 10, 2024 2:16 pm
I'd say there's a difference between being owned by a group of randoms one of which is a Saudi and by the Saudi PIF, but that may just be me trying to self-justify it. I mean, it doesn't say where in the lineage this guy or gal falls. It could be they're like Mike and Zara Tindall's kids. Technically they're part of the royal family, but they're not part of the family.
Maybe we have all misunderstood it and it's just some bloke called Mr. Saudi Royal turns out he's from Wigan.
I think the Saudi part of the Manoukian consortium is just referenced to make headlines, but it sounds like the main backers of that bid are the Myer family, a wealthy Australian family of Jewish origin apparently, and now a private investment company.