Dont know what role Short currently plays for Lone Star Funds (president I think) but wondered if this deal would have an impact on the club? Maybe a little spare change left over..... http://www.reuters.com/article/2011/05/24/us-keb-hana-idUSTRE74N0DN20110524
"Lone Star Funds may take home 32.9 billion won in quarterly dividends from the Korea Exchange Bank (KEB), in which the Texan private equity company owns a controlling 51 percent stake" Wow!
Don't forget that 1 million SK Won is only about ã550. Still talking big numbers though, like $5 billion or so for the sale value of the bank.
Probably won't affect his private fortune Life is just a bowl of cherries but watch out for the pipis
Any chance of him putting it all into the club? There's a bloke, plays for Barser, something like that, messy fellow. I'd quite like him to come here!
The more money Short has, the better it is for us. Good luck to Lone Star and take the Koreans for all they are worth. I don't have nowt against South Korea, I just want Ellis to have more cash!
Nah mate, a pal of mine who watches quite a bit of spanish football says he dribbles loads. We need players who keep their saliva to themselves please log in to view this image Not cool...
Short was in charge of the Lone Star Asian business dealings, to be honest personal fortune and his shares in the Lone Star Hedge fund will be blurred as far as his personal wealth goes. Smart business people avoid tax by making shrewd investment. Shorts estimated fortune of 1.2billion euros will be made up of a portfolio of shares, property etc... his liquid cash situation will be very different to this. The amount he puts into Sunderland will probably be a way of getting tax relief, so the more he earns the more he will want to invest. This deal will increase the value of his shares and the dividend he receives so he may want to invest some of this to avoid tax, but to be quite honest I don't know how the US Tax system works so it might make no difference at all. One thing is for sure Short has plenty of money. 24 million for Bent is a small drop in the ocean when you consider that his fortune is worth almost 500 times that much. But these Billionaires are in it for the money and one day he will want to make a profit from Sunderland so he probably will not go mad. I can see him investing the Bent money and probably another 20 - 30 million this summer, he will probably look to re-coup money from a few sales and releasing players. People that say we are skint could not be further from the mark.
I don't know about that, I run my own business so have learnt a fair bit. I did a bit of research on Short when he took over the club, but to be honest my info could be a bit out of date. I just hate it when on here and SMB people say things like: Were skint, we have not got a penny etc.... Its far far more complicated than that.
