I think, indeed, we are a rich man's plaything. But it was ever thus for football clubs, no? We're not all St. Pauli, and virtually none are exactly cash-making machines. So most clubs are hoping for a benevolent monarch, so to speak. Either that or enjoy being used to whitewash human rights violations or corruption, or being asset stripped. Our guys appear to be as good as they come. -- SW6.doc

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Thursday, November 21, 09:16:48am [ Login ] [ Contact Forum Admin ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, 2, 3, 4 ]

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Date Posted: Wednesday, November 20, 09:55:19am
Author: eganonoa
Author Host/IP: p1357079-ipxg00a01sizuokaden.shizuoka.ocn.ne.jp / 153.215.225.79
Subject: I think, indeed, we are a rich man's plaything. But it was ever thus for football clubs, no? We're not all St. Pauli, and virtually none are exactly cash-making machines. So most clubs are hoping for a benevolent monarch, so to speak. Either that or enjoy being used to whitewash human rights violations or corruption, or being asset stripped. Our guys appear to be as good as they come.
In reply to: Henry1879 's message, "I see negatives, in that there was a waste which set us back a few years, but ultimately agree, wasteful and naive yeh, but I’m not even sure what play thing means? How did the decision making occur which concludes FFC was a play thing? Does said individual have more or less say in transfers than before? I honestly have no idea. To make mistakes, learn then improve, should be applauded, not jabbed at with slightly snide remarks" on Wednesday, November 20, 08:42:59am

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I disagree, in that I think most American owners see the vast money made on US sports teams and think similar can be done with prem teams. Why would Kahns with no history of liking football buy a football team as a play thing, they’ve made huge money on Jags and AEW is also seen as a big financial success (worth $2bn), they have a portfolio of sports teams which have made them huge money, not purchased as vanity projects. They’re not abramovich with history of being football lovers. (NT) -- Henry1879, Wednesday, November 20, 10:53:09am (croy-26-b2-v4wan-167127-cust1611.vm24.cable.virginm.net/82.38.22.76)
- There's definitely an aspect of a somewhat "safe" investment in the sense of rising asset values (both of owning such a great bit of land in London and rising values of Premier League clubs generally). But sports isn't exactly a guaranteed winner in comparison to returns from other investments someone of SK's wealth could make. Think of it like his yacht, but with the added bonus of him using his money to build his son's career as a sports owner. Constructive fun (NT) -- eganonoa, Wednesday, November 20, 11:17:16am (NoHost/172.58.30.179)
  - I err on the 'plaything' side – I am no property developer but with the sums invested, not sure I see a property development return to the Khans that would get close to recouping their investment. Profits/recovery may be possible on an exit if EPL clubs seize control of TV rights - which is why the US PE houses have been interested – but that is by no means a given. Owning an EPL club is great for profile and other soft benefits – and maybe that is enough for the time being (NT) -- f bloke, Wednesday, November 20, 12:05:26pm (host86-134-9-66.range86-134.btcentralplus.com/86.134.9.66)
  - Nothing is guaranteed, AEW is worth $2bn (Forbes), huge financial success, Jags purchased for 700m, worth $4bn, the khans have done outstandingly out of their sports investments, I reckon FFC just hasn’t worked out just yet in pure money, but getting in to UK market and spreading the jags internationally is a huge benefit. Hugely wealthy don’t just fritter money away on things, it’s not like they’re life long FFC fans with a huge passion for football like Roman. (NT) -- Henry1879, Wednesday, November 20, 02:20:43pm (croy-26-b2-v4wan-167127-cust1611.vm24.cable.virginm.net/82.38.22.76)
    - But maybe they have learnt to love it in the way eg the Wrexham guys have learnt to love it - TK does come across as genuine in terms of the excitement he gets from his involvement - the ownership has also increased the Khan profile globally and that may well have a positive impact on their other business interests. As said above – it may be that they realise a profit on their exit but I suspect only if the TV distribution model is changed drastically. Until then – a bit of fun (NT) -- f bloke, Wednesday, November 20, 03:12:46pm (host86-134-9-66.range86-134.btcentralplus.com/86.134.9.66)

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