Club watch
- Thread starter The RDBD
- Start date
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I think you do...
I don't get what Boehly's up to...but that doesn't mean he isn't right. He's found a loophole to FFP and has an interesting business model. Don't forget that Abramovic made a paper profit on his profligate spending.
If the money men sideline FIFA and UEFA, he might well be right.
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I have no real idea what Abramovich's motivations were but I don't think it was just reflected glory. A guess would be that it was useful to create a base in the UK for his stolen billions because if the Russian regime changed they might snatch it back if it was all still in Russia.
When we start talking about billionaires we are not talking 'normal' people. Most of us would take it easy after a few million. These are 'driven' people so I really don't think I can understand them.
Because Roman over the years he could afford to
accrue a 1000m + debt without even blinking.
Only a Sugga Daddy can do that.
1. Vanity project.
2. Have an asset of "last resort" in the UK,
not subject to the political winds of whoever
is in charge in mother Russia.
3. Build socio=politcal "capital" in the UK.
You did it again
What are you translating my posts into a language you can understand.1. AFAIK, most of that money was not his personally.
2. I am the only person on record in this forum, who has
repeatedly asked over a decade why the man who took
such a huge risk on the ERM punt, was not prepared to
use "by the book" a modest amount of his wealth, around
the time the Citeh lottery win started delivering, to try
and move the club upwards.
You did it again
I am always willing to help the lesser-minded to answer
any such questions that are puzzling them.
< you're welcome >
1. He was liable for any losses, so effectively it was his.
2. You're not the only one. The word is that Levy has been allowed de facto control and that's the reason. Lewis is a risk taker and a bit of that mindset is well overdue.
Lewis hasn't been a risk-taker since Bear Stearns wiped out a significant chunk of his net worth
He's vice-chairman of McLaren F1 and the Phoenix Suns
What the 30% of Abu Dhabi dark money in the bid has stakes in is, so far, unspecified
A venture capital company would want to see returns of 15% per annum on that which is £600m which is about the same as our current turnover. Since we don't currently make much profit and need to spend more to make us more successful, that can only come from capital growth. It's pretty difficult to see how.
Giving Levy such control is hardly a risk, unless
you are claiming if unfettered he would be spending
all the clubs' money on transfer/wage costs like
the world was ending today.
Levy's a shopkeeper, with a shopkeeper's mentality. Balancing the books, even in the very short term, is his primary concern. He is the very antithesis of risk.
In his custody, the club will never be in financial risk...but the likelihood of sporting success is very small and getting smaller by the year. Levy's hope is that the new FFP regime works better than previous attempts....
If fans are happy with that, good for them. Personally, I'm no longer believing the idea of jam tomorrow and have zero faith in football bodies to apply the rules in an effective fashion.
I really don't care who owns the club, but someone with more sporting ambition and drive and a plan that could work, needs to replace Levy at the helm.
Heard various figures for a potential takeover, but are all less than was paid for Chelski. I am still baffled how Chelski is worth more than us when they don't even have control over selling their stadium, which cannot generate as much income as ours anyway. Remember you're paying for future potential rather than what has happened in the past. I cannot conceive of how we are worth less than them.