28 Feb 2017 07:48:45
All this talk about major investors getting a return for their money is nonsense. All those super-rich owners of big clubs down south invest almost as a philanthropical thing, not expecting to get a return. Therein lies the difference. If King really did have £50 million he was prepared to spend he'd spend it. We need somebody like an Ashley (dare I say it) or McColl who are billionaires with money to burn. The owners of Man City, Man Utd, Arsenal and Chelsea are very, very, very rich indeed.
{Ed001's Note - you mean like Kroenke of Arsenal or the Glazers of Man Utd who make a significant amount of money from their investment? Or Mike Ashley, who also makes lots? About the only one who does as you suggest is the owner of Bournemouth. Not even the Man City owners do that, which is why they sold a significant chunk of the ownership vehicle for the group of clubs to a Chinese firm recently.}
28 Feb 2017 08:16:17
Edd. when in march is the court date with sports direct?
{Ed001's Note - I don't know mate sorry.}
28 Feb 2017 09:11:13
Ed.
Ashley is owed £129 million by Newcastle United and counting losses of £500k per week and will problaby never get it back. Abramovich has written of £1 billion in the last 10 years or so at Chelsea. Yes, some will make money but they are serious billionaires who essentially won't be harmed by losses of that size. In the real world, Rangers would need someone who is prepared to invest serious money and take a big risk. We can't compare the big six or seven EPL clubs with Rangers and Celtic or may other European teams.
{Ed001's Note - erm you really need to check up the true amounts, because that is what you could call creative accounting. He makes a lot of money off Newcastle, those loans pay interest, he also uses the stadium as a billboard for his other businesses, for free.
Abramovich has not written off £1bn, that is just a lie. Utter and complete lie. Try not spouting ignorant rubbish and actually doing some research.}
28 Feb 2017 10:21:06
Well said ED.
28 Feb 2017 10:58:45
abramovich never writes off anything. if he's spent a billion he's made a billion and a half. this guy knows how to make and handle money plus his board are pretty decent too.
chelsea's merchandise revenue is global and with matchday revenue and sponsorship in and around the ground is huge
they bought out the shirt deal by paying millions and got the 3rd biggest in football
rangers don't need a benefactor or people to throw money away in scottish football all we have to do is do it right.
28 Feb 2017 14:45:58
Chelsea owe Abramovich £1 billion. Newcastle make a profit each year but Ashley can't and doesn't take all of that profit out of the club. He also lost £1 billion last year when Sports Direct's shares plunged.
28 Feb 2017 15:19:21
Unless he sold those shares, he certainly didn't 'lose' £1bn. Paper loss only. £1bn wiped off the value.