I read what you say and I think it’s a fair synopsis but one that’s specific to the thinking of supporters of huge football clubs.
However, as a supporter of a tiny little team / bloke without a vested interest in any particular ownership outcomes, I think I probably concur with the vast majority of the public who, if pressed on the issue, can’t fathom why some supporters of big clubs bray like donkeys about their ethical stance over the possibility of an Arab nations wealth fund owning the club they support, while steadfastly doing nothing at all to resist the sponsorship from Arab nation owned businesses that their clubs have been happily shovelling into their accounts for decades.
The comically jingoistic amongst the Arsenal supporters tickle me the most, ranting about Arabic ‘sports washing’ while their own team plays out of a stadium sponsored heavily to wear the name ‘The Emirates’ and they all wear that logo on the shirts they buy from their club shop. . They must surely be studiously looking the other way to have not noticed?
I‘ve never had enough interest to drill down into it, but I’m guessing that it’s probably quite common for clubs across the top echelons of football to be sponsored by supposedly state controlled enterprises - banks, airlines, holiday companies, communications & tv companies etc?
iirc didn’t United used to coin it in from a longterm strategic partnership with Saudi Telecom or similar? If so then I don’t remember any protests about that (though I’m happy to be corrected)?
As a supporter of a lower league club, who’s only chance of washing related sponsorship would be a small add in the programme paid for by the local laundrette, it’s not something that I really need to think about, other than for an occasional cheery chuckle at the irony of the critically deluded wearing shirts badged up with ME Co. logo’s while chunnering on about so called Arab sports washing ;-)