Newcastle Thread

I think it has more to do with the amount of money the respective owners are willing to invest.

Excluding £130m currently in the club...

And Joe Kinnear suddenly becomes a genius.

They all should be refusing to wear it on moral grounds.

Why? Wonga aren't some evil company.

They all should be refusing to wear it on moral grounds.

This is potentially shocking by Newcastle, if we are forcing him to train by himself because he refuses to wear a logo on religious grounds then, it sounds like racial discrimination. Hope it's just bullshit, or he's not travelling because of Ramadan or something.

They really shouldn't, absolute balls.

Manchester United players should really boycott Manchester United, until it ends its commercial deals with the betting and alcohol companies. And your sponsored by Nike ffs. I'm sure Manchester United have done a full social audit on all of your sponsors to determine they are all ethical.

Fuck ethics. If Papiss was ethical then surely most of his wages would be spent on people worse off than him. He isn't doing this for religion at all.

How do you know what he spends his money on?

What has loan sharking got to do with those two things? Don't worry, it won't be a pointless rant, it's because Wonga literally is an evil company by any moral definition. There are no big companies that don't have morally questionable sides to them, whether that be in the form of tax evasion or the way in which their products are produced, but they are endemic problems of a larger economic framework. Wonga are just a bunch of whopping great thundercunts, and if Cisse made it clear this was going to be an issue for him ages ago, then Newcastle should have sorted out an arrangement.

If he was ethical then why not previous sponsors? Does the Qur'an have a section saying what type of money is good and bad while saying alcohol branding is fine?

I love when people quote their APR without realising what the 'A' stands for

Aye, it's awesome. If anyone takes out a Wonga loan for a full year they deserve to be in the amount of debt that it will come with.

If Cisse is against Wonga on the grounds that under Sharia law no-one/company can benefit from the lending of money, why was he so happy to promote Virgin Money and Northern Rock?

That said, if he made this clear to the powers that be earlier that he wasn't going to be happy with it - there should have been a solution sorted earlier because he's a key player for the club. I have a feeling he wants a new contract or something.

How do the banks make money?
Banks can profit from the buying and selling of approved goods and services. The principal means of Islamic finance are based on trading, and it is essential that risk be involved in any trading activity, so banks and financial institutions will trade in sharia-compliant investments with the money deposited by customers, sharing the risks, and the profits between them.

Islamic banks are structured so that they retain a clearly differentiated status between shareholders' capital and clients' deposits in order to make sure profits are shared correctly.

Although they cannot charge interest, the banks can profit from helping customers to purchase a property using a ijara or murabaha scheme. With an ijara scheme the bank makes money by charging the customer rent; with a murabaha scheme, a price is agreed at the outset which is more than the market value. This profit is deemed to be a reward for the risk that is assumed by the bank.

There are firm laws governing the types of business the banks can trade with. There should be absolutely no investment in unsuitable businesses, including those involved with armaments, pork, tobacco, drugs, alcohol or pornography.