Glazers now looking to potentially sell up or sell part of the club. That’s two American owners of prem clubs now. Would seem like they aren’t happy with lack of ESL and guarantee income and cashing in while they can?
Weird isn't it. The two biggest clubs in England up for sale at the same time. It's like we've stepped into the twilight zone.
Well, it is a giant ponzi scheme isn't it? Some vague notion of vast value and profit to exploit yet costs vast sums just to compete. If you sell just at the right time you cash out and the next guy loses everything. businesses that turnover maybe 500mil but spend 300mil on wages and then start to spend 100mil on players means and more on all the expenses to just get to match day etc are not for profit organisations really. People buying in have to monetise the thing somehow but spending 4billion just to access the ability to sell a bit of TV or whatever doesn't seem the best return imo. If 3 of the biggest clubs on the planet are "up for sale" that suggests the bubble is going to burst, these guys know what they are at. The glazier model. 790mil leveraged buy out and took 20mil a year out of the club for 17 years now, they sold 10% on ny stock market as well so have not mad3 their money back yet. The fsg model. Buy lfc, make lfc invest in itself, Loan club just enough to start the process. Sell% to red bird at for 500mil to double return. Psg model, giant vanity project spending national money for no return.
Massive recession incoming. With 3 or 4 billion in your pocket, lots of bargains to invest money in and ride out the recession. Capitalize on others misfortunes and benefit when the economy picks up again.
FSG. Well we want to leak this to the press so the word gets out..... reasonable 3-4bil fee. PSG.... hold my non alcholic non lgbtQ++ beer... Man utd... oh ****, yeah like we forget we owned this ****ty little club that pays us housekeeping money each year.... ermm anyone want to buy it? IMO FSG have had a giant assumption in the back of thier heads since day one that they could just do enough to make the asset self accumulating and once it's got a sort of modern stadium (please ignore the absolute **** views in main stand and severely compromised SKD and kop stands) it'd be ready to flip for a vast profit. I think they thought an ESL was the answer to elite NFL style franchises and would assure thier ever lasting profit. They've now rode out covid without actually having to dip a hand anywhere near a pocket but the playing side is severely compromised and they have no intent to rebuild that..... HOWEVER..... now theres a queue of club owners hawking thier assets about all at the same time and FSG just might have missed out. The oil states don't seem to care about empty grounds or former glory names, they seem to be quite happy to take a nothing and make it all about them and thier cash. the Russians have fled the scene having given up on oligarch lifestyles in London property scene and sports washing like sochi , world cup and F1. the yanks seem to be either total lunatics like the new Chelsea guy or wanting out as well. the Chinese are told to go in or come out on a whim by their government dictatorship. Imagining LFC as a global brand and historic and all that good stuff is fairly pointless when there's no means to monetise it and get a return on the 4 billion. Theres only so many elon musk's who will spend 44billion to lose 4 billion more
I remember a year or so ago I read we were valued at about £1.8b-£2b - now suddenly it's double that. When did this happen? What is wrong with football that when everything is going into recession we see valuations like this, and clubs spending ridiculous amounts on transfer fees and wages.
It's a bubble when the psg owners and man utd owners suddenly pile on the sale bandwagon for fear we get sold first thennit has to say that there's very few takers left for the big profits and they have serious fomo. Qatar spat in the eye of the esl for no other reason that Saudis and dubai were involved. Now they have done it and had their tournament with nobody caring they are done with football.
FSG have accepted that their model of trying to break even each summer can no longer be successful which is why they've decided to sell.
i'm sure they'd be delighted to swap us for psg get a club in a league where they dont have 6 competitors for 4 slots. the reality of the prem is its getting now towards half the league for top 4 or bust so 5 or 6 teams are going to struggle. city - state run, fake revenues, no punishment arsenal - spending massively spurs spending more that fsg want to spend. chelsea - cleared unsustainable debt to oligarch and immediately splurge 250mil with no thought to new debt utd - massive debt and not stopping spending newcastle - state run, spending increasing exponentially. thats basically all european slots taken right there but... west ham - 61k stadium in london and spend more that fsg are willing to brighton - small but spending more than fsg want to villa - think they are rich and big, also spending a bit then little old us 15mil spend this year, wolves have oput spent us over 5 years. we are actually 10th in the net spend table believe it or not. 9 clubs have outspent us over the past 5 years. you cannot compete for 2nd and 3rd and hop to maybe get close to the oil state club on 10th best spending on players
FSG were very vocal in supporting the introduction of FFP. Now they've seen it means absolutely nothing, it's another reason to re-think their ownership and how far they can take us when competing with cheats.
In theory A) every club has 25 players so wages largely should be similar 3-400mil B) every club should have broadly similar revenue in big leagues/cl. 400-600mil as eleites. C) every club should have 100mil to spend if they so choose. The reality is lfc have 40mil to spend while cheslea have anything they like and are not even close to one of these oil state clubs any more. There's something wrong with lfc over and above just not wanting ffp. Fsg have a very tight hold on debt. They don't want it and it must be cos they always intend to sell and don't want to have to pay it off then. Lfc seem to have low cash flow due to financing stadium. We just don't seem to have the ability to cover both. We can cover longer term in installments but are still saddled with main stand debt and Kirkby debt. Lfc revenue will outstrip man utd for first time this year. It will be a record. Lfc wages are broadly in line with top 4 in prem but we are 4th so it's not like ti's horrendous. Imo we are more concerned with high book value (to sell the club) than to have the best playing squad.
It was last year but the figures are not published yet. Both clubs have yet to publish as they have different financial reporting requirements (utd are floated on new York stock market) What I don't get about the man utd sale is why the glaziers simply don't try to see the remains shares and return that club to being a public company like it was before they came in and destroyed it.
Six (including us) of them were already at that stage when they arrived, only Newcastle that's joining in.
Well, spurs and arsenal were probably "ok" for fsg cos they were changing managers or ****. Add it all up and fsg are probably looking at spurs having lots of cash despite massive debt and thinking there's just too many rivals now and it's time to sell at the top. Frankly they have probably held too long but it's their own fault by delaying anfield road build.
Saudi's supposedly interested, but to avoid a conflict with owning Newcastle at the same time (don't think thats allowed, owning 2 teams in one league?) they'd buy under the guise of a 'Private sector bid'
Well let's put it this way. If you barely scratch the surface of the chelsea ownership you will find said money backing the bohley or whoever stupidity. So they have already got round thst little problem.
I think the Saudis may well have been interested and the Glazers got a whiff and thought 'Now or never'. After the Euro thing shambles both sets of owners, I think, have decided they can't compete with state-run vanity projects, and the Chelsea price, along with the weak pound, has them thinking '**** it, nows a good time to get off'. Only thing is, and we all know it, they'll get the Arabs and we'll get another Hicks and Gillet. **** it.
