Discussion in 'Football Forum' started by RedDevil@84, Aug 14, 2017.
Is he buying some of Liverpool next summer?
It ll be fun if Southampton use the big money and bid for Coutinho
Good luck trying to pry VVD from them now
I wouldn't get too excited.
Maybe that's why we've been waiting to make a bid.
I cannot understand why European billionnaires are not interested in acquiring theses clubs.
I know it is a risky business but it is more exciting than real estate for example..
Hopefully make liverpool their bitch now. Is he mega rich?
Because the guys who see exciting as reason to invest in a business are very seldom billionaires they are usually just broke.
I really think this is related to big money laundering or takeovers from people in countries were fiscality might be more lax than Europe.
First Russia, then the Arabs, now China... if you want to stick your nose in European business in some industries you might have to fight against unions and people/governments refusing due to patriotism things, but everyone seems to love his local team ran by foreigners so they can sign the next Ronaldo. This starts some kind of mainframe money structures, then the Jorge Mendes of the world start working, and that money starts descending down the ladder for other purposes. Eventually those "filty pseudo-communist yens" turn into "football Euros" and end up being used by satellite European agents to achieve some deals that could've been harder if they were to happen with foreign oligarchs.
That, and meanwhile Football stil does a little money for them
One key selling point for foreigners is having a European presence.
They want to make money, not lose it.
VVD must be pissed
How do you become a millionaire investing in a football club?
First, be a billionaire.
It's throwing money down the drain. China and Middle-East are doing it as a status symbol and/or as promotions for other things. Status symbols aren't as important in Europe.
Abramovich just really seems to care about football he's got more money than he knows what to do with. If you care about money you'd leave football clubs well and truly alone.
I think it's about more than that. Given the various corruption scandals in football there's every reason to suspect it's an appealing arena for people with dodgy money to invest in. Evidently the sporting authorities don't care much about where the money comes from. We know it happens in other industries with lax regulations and unscrupulous authorities.
reminds me of the old saying: if you want to make a small fortune in (insert business/industry here) start out with a large fortune.
How long til every Premier league team is foreign owned?
Off the top of my head I can only think of West ham and Newcastle that aren't, I'm sure there's maybe a few more I'm not aware of but the big boys are American, Russian, Middle Eastern.
Even thought the regulations are quite crappy there's not a lot of money to be gained. There's only a lucky few that will be able to profit from owning a football club.
I hope its a filet mignon or a ribeye for that price
Agree with this. I have some friends in the corporate finance world who are adamant only half the fee for Jackson Martinez was ever paid to Atleti - the other apparently to some offshore bank account with the buying chairman's name on it.
Back on topic: +1 to Southampton should bid for Coutinho.
That's the point. They're not looking to make money, they're simply looking to move it. Diversifying your assets makes business sense, and moving that money into different economies is a way of avoiding political and legal threats within their home economy.
8 out of 20 are majority British owned.
Given the prestige of owning a PL club, and the fact that there are more non-British billionaires than British billionaires in the world, it's only a matter of time. The traditional owners will have to sell-up or pump-in unsustainable amounts of cash. Spurs are already on the cusp of needing to make that decision if reports about wage-related unrest are true.
When you diversify your assets you do expect to keep/grow them, not lose them.
I reckon a Liverpool buyout is just around the corner.
Not sure why we're still talking about clean money and legitimate business interests. What I'm talking about is something like this:
Billionaires being happy to take the hit on a £500m or so if it affords the rest of their money legitimacy it wouldn't otherwise have. You said yourself people don't invest money in football to make money. I agree. I'm just suggesting an alternative to the legitimate goal of raising their profile and achieiving a certain status.
Why do you have to move money like that around when you control an entire country and you yourself is a place where people move their money to, to hide it (Qatar)?
I thought past a certain amount you had to buy the entire club? Isn't 29% the most you can own without trying to mount a full takeover?
This is actually quite common in China. I really won't be surprised.
I think there are many different cases. In the case of Qatar, it's purely for prestige. In many cases, it's possibly a way to "launder" or legitimize the money. In Chelsea Roman case, I believe buying Chelsea makes it harder for the government to confiscate his assets (esp Chelsea) or outright lock him up for no reason.
If the Russian governement wanted to confiscate Roman's assets they would have done it a long time ago.
In the case of Qatar...that's most of this type of business. Qatar, UAE. There's China and what, who's left? Just the Americans who are basically doing what Brwned said. Glazers have actually turned a profit if they would sell now but United is a special case.
I think it's more the case of it being a status symbol than anything else for most of these cases.
There's always external threats in a global economy - Saudi Arabia, the UAE, Bahrain and Egypt isolating Qatar recently demonstrates that. I do agree in their case it is about prestige and legitimacy in the West more than anything, but for the Russian oligarchs and others I think there's every reason to believe it's about the money.
The Chinese are the same. So many newly rich trying to one-up one another. Football is bad business. It would be easier to diversify somewhere else.
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