The Second Captains Podcast
The Second Captains Podcast

Saudi Money, Howe Low, Jamestown Analytics, Epstein Economics

February 05, 2026

Summary

⏱️ 6 min read

Overview

This Second Captains podcast episode covers diverse topics including Saudi Arabia's spending on sports versus geopolitical commitments, Newcastle United's struggles and Eddie Howe's future, analytics in the League of Ireland with Shelbourne's Jamestown model, and Peter Mandelson's political scandal. The hosts blend sports analysis with sharp political commentary, questioning the value of Saudi's football investments and exploring how modern politics has become an oligarchy.

Saudi Arabia's Spending Priorities: Four Cristianos vs. Yemen's Government

The discussion opens with a striking comparison between Saudi Arabia's financial commitments: paying all Yemeni government employees costs about $1 billion per year - equivalent to four Cristiano Ronaldos. This raises questions about the actual value and impact of Saudi's massive football investments, especially given the sparse attendance at matches and limited global engagement with the Saudi league despite the enormous salaries being paid.

  • Saudi Arabia pledged to pay all Yemeni government employees (civilian and military) for over $1 billion per year
  • This financial commitment equals approximately four Cristiano Ronaldo contracts
  • Despite enormous investment, even Saudi fans aren't really engaged with the league
  • The hosts question whether Saudi is getting real value from these football investments
" It's a billionaire commitment to pay everyone who works for the Yemeni government... but is he really delivering like have you watched one of his games? No. I haven't. I mean I barely even, I've seen a couple goals, you know I mean you just see 10 second clips of insane Ronaldo celebrations in front of a completely empty stands "
" Even in Saudi, they're not really that into it "

Newcastle's Decline and Eddie Howe's Security

Newcastle United's poor form continues with a 3-0 defeat to Manchester City in the Carabao Cup, leaving them 11th in the Premier League. Despite the struggles, journalist Luke Edwards insists Eddie Howe's job is secure, prompting the hosts to question both Saudi Arabia's ambitions for the club and whether Howe is receiving adequate support in the transfer market, particularly after selling talents like Elliot Anderson.

  • Newcastle lost 3-0 to Manchester City and are currently 11th in the Premier League
  • Luke Edwards wrote that despite expert opinion, Eddie Howe's job is among the most secure in the league
  • The hosts question if this job security indicates lower Saudi ambitions for Newcastle than expected
  • Newcastle sold Elliot Anderson partially due to PSR (financial) constraints while he's performing well elsewhere
  • The concern is that better players are leaving than arriving, with Tonali Mata struggling after a good start
" They're 11th in the Premier League. Yeah. So if his job is secure, then what does that tell you about the Saudi kind of level of... Yeah, that's fine. What team is this again? "
" It's never a good look for a manager if it seems like better players are leaving the club than coming in "

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