They bought Liverpool for £300 million and are going to sell them for like £2 billion. They couldn't totally maximize their insane profit via the ESL, so they're out.
I think the decision to sell is a combination of the quick death of the super league - which limits the potential upside value of the club - and the covid shutdown - which introduced a downside that no one had realistically considered before. Throw in Chelsea being sold for more than expected when Abramovich had very little leverage. Josh being younger and more directly involved in the club than United or Pool's owners (I think? someone can tell me if this is wrong) makes me think Arsenal are less likely to be sold, but you never know.
i mean, more than josh's age . . . the kroenkes simply don't need the money. oil money is about the only thing more whatever-proof than real estate and walmart money. they don't need immediate profit to show investors like FSG and they don't need ROI to fund the next project like the glazers. if they can stabilize the organisation and keep straddling red/black in the books, they can have an asset just . . . sitting there appreciating.
interesting. apparently, teamviewer wants to get out of the united shirt sponsor deal. there's no get out clause so they might well be stuck until 26 but it's got to be awkward as hell for your primary sponsor to be openly wanting out.
Stan is rumoured to have leveraged up his Arsenal asset so it’s a different business : ownership model to FSG
I'm far from a finance guy but yeah that has been my impression, especially in the last few years... more debt driven spending. At the same time I was under the assumption that we weren't as leveraged as Yanited. Would you mind sharing your wisdom on this? I.e. how is our ownership/financial situation similar/different, compared to Pool & Yanited?
It isn’t a leveraged buyout like Utd rather in a low interest environment, as the value of his asset increased he could borrow money to buy more assets against that equity. The theory is that this is how he has drawn down his gains on arsenal. Now we are in a different interest rate world but presumably he is happy if his loans were locked in at low rates with cheap finance off the table presumably Liverpool and Utd owners would rather cash in that have to finance the further investment their teams need
lol @ when Glazers sell but United gets even worse It's the people who run the club, not the Glazers, who are the problem. They wouldn't even have won those league titles and CLs in the mid-late 2000s without the Glazers stepping in. Maybe the real problem is there's more competition than just Arsenal and an occasional 3rd team, maybe the real problem is they don't have one of their execs in the referee selection committee anymore, when no other PL team had a seat there, maybe the real problem is they actually give up penalties now?
Don't know if you're being serious. But it's hard for me to imagine him taking a job outside of a UCL (bound) club. We shall see.
I agree that he almost certainly wants a Champions League team, but which Champions League team is going to sign him? Does a Champions League team really want a player whose ability no longer matches his toxic ego? Does that ego allow him to take the massive pay cut that most Champions League would need him to take in order to be able to sign him? I could be wrong, but Chelsea with their new owner might be the only Champions League team to show any interest at the wages Renaldo will demand and I think Potter is smarter than that.
As a casual, generally disinterested observer, of CR7, I'd venture to say that vanity and record books are more important to him than further monetary rewards. Thus I suspect he'll be desperate to find a UCL club, even if it means taking a big pay cut, and even if it means it's in a "lesser" country/league.
I thoroughly enjoyed watching Ronaldo at Real Madrid. But his time as an elite player is over. He doesn't seem interested in believing that, because what he did to earn his end at United was worse than what RvP did to earn his end at Arsenal. Not sure what that means for Ronaldo's legacy at United (he won a lot more trophies than RvP did, so I doubt they all just write him off as Arsenal fans did Van Persie, but some will, for sure. He'll do whatever he wants to do, but I feel like his options are extremely limited relative to any sort of Champions League move. I don't think he can offer much, and he'll demand way too much in return.
Good article about the price tag for sports franchises increasing and the reasons why. It's limited to only the 4 major US sports and doesn't mention Chelsea, United or Liverpool, but I'm sure many of the reasons are the same. https://www.theringer.com/sports/2022/11/28/23472636/sports-team-franchise-valuation-sale-prices With the failure of the super league, I could see the PL trying to implement additional cost controls piecemeal, like a stronger cap on salary, in a way that is incremental and doesn't result in the same fan blowback. In fact, wage controls are probably popular among fans. But fundamentally, I think a lot of it comes down to this: For many, the money to be made owning a team is of secondary importance to the sense of visibility that ownership gives you, whether that comes from sitting courtside during nationally televised games, granting interviews after nationally televised games, or waving at fans from a parade float upon the completion of a successful season. As Noll, of Stanford, told me, “Both product licensing and the broadcasting are things that give substantially enhanced visibility to being an owner of a team. And so if you’re sort of a narcissist, which a lot of these guys are, you really get a lot of value out of the fact that people like you want to interview you all the time.” The only thing that might more effectively scratch that itch these days is buying Twitter.
To a lot of players the wages they command are a salve for their egos. If they are the highest paid player in the world, that’s a sign, to them, that they are the best player in the world. If Renaldo still sees himself as the best player in the world, which I believe he does, he’s going to want to be paid like he’s the best player in the world.
we were due another Juventus scandal. Juventus board have decided to resign, including president Andrea Agnelli and vice president Pavel Nedved. It’s the end of Andrea Agnelli’s era as Juve president. 🚨⚪️⚫️ #JuventusThere will be new board and new club structure to be decided in the next months. pic.twitter.com/5QemEMkicH— Fabrizio Romano (@FabrizioRomano) November 28, 2022 The rumors going out in Italy are that Juventus’ board did not declare €216m in losses…— Eduardo Hagn (@EduardoHagn) November 28, 2022 Juventus may bill this as a new era. But the club is also under investigation from Turin prosecutors for alleged false accounting to balance their books and irregularities in player transfers.— Ben Jacobs (@JacobsBen) November 28, 2022
damn. i remember seeing the thing where they had an agreement to secretly pay c.ronaldo amongst others after they negotiated to reduce their wage during covid shutdown so those losses wouldn't report. this is even more insane.
It's been obvious Juve were crooks since the Pogba sale to Utd For some reason Football is a business where it is legal to do fraud and corruption on buy/sell of assets
The problem is they can't do cost control without action Europe wide. That is the part that is fundamentally broken. e.g. a team like Arsenal wants to preserve its right to spunk 250m unsupported inflationary football bubble quid into the market to chase the CL rev - otherwise they can never close the gap