Hi guys, Sorry if this has been posted already but I found this article in the wall street journal alleging JWHs financial trading company is in massive trouble; as the principal investor in FSG this is a concern: http://online.wsj.com/article/SB10001424127887323894704578109034136385080.html In essence it's assets have dropped from $2.5bn in 2006 to $100m this year. I realise be has other investments, and it may be a red herring if he is refocusing his assets in FSG rather than his trading company but it's hardly going to reduce the suspicions of the pessimists amongst us as to FSGs real intentions...
As it has been explained before, that's his private company. The reason his assets dropped was because he was withdrawing from the business, it was taking time away from his principal business interests. Financial trading companies aren't doing too well lately, so he was scaling down the size of his operations. Not really a problem for Fenway, just an indicator of how financial management companies are doing in the market now. His business and Fenway are two separate industries, so it doesn't really affect us much.
Love the way some people use links that they don't understand! I thought we'd managed to educate the great unwashed first time around
Can't say I am bothered. It doesn't effect Liverpool Football Club. It will effect John Henry, it may effect his involvement in FSG too, but it won't effect FSG's ownership of our beloved club. FSG is not made up with Henry's fortune, there are several members to this organisation all having a personal fortune. I have no concerns about this news but do wish Henry all the best
True. But he does appear to be the main face from them in regards to our club. Him struggling isn't good news in my book. But your point is true.
He's the chairman of FSG isn't he...? I know he was chairman of NESV so I am assuming he is top dog of FSG too. If so, he's bound to be 'the face'
Billy and Captain Dave are worth a few bob, maybe they could give John Henry a sub until the financial climate improves.
I'll have a subway (despite having burgers and chips around 6pm. Then fetching the mrs from work at 8pm and her insisting on going KFC so I've that too )
The plus side is that if he cannot invest in FSG any longer, he only has to sell his share, with approximately 17 others also investing.
This isn't him getting poorer. This is him saying, "Well, markets going down, financial trading companies can lose a ton of money, I better get out of the industry while the going is good." So he scales down his company. Not because he is poorer but because he doesn't want to get poorer.
More worried about what this all means to my pension than FSG. I saw a Panorama some weeks back that said pension funds are up to their elbows in government bonds fro countries like Italy and Spain (even UK and US) that are never going to pay out the full amount in 20 years time. The whole of capitalism is falling to bits, and it won't just be John Henry and tycoons affected.
Leeds the new City/Chelsea http://www.bbc.co.uk/sport/0/football/20240262 Sugar daddy owners with the financial clout to bring instant success or John Henry(FSG)shrewd businessmen?
