When some billionaire’s net wealth is quoted as being “estimated to be worth” £xxx billion, they are talking about the estimated sum total of all their assets. Not the cash they have in the bank.
This will be the estimated value of their stock holdings in various companies, their investments, properties etc, etc.
I’d be very surprised if someone said to be worth £13b or even £20b, had anything close to £1b available out of their personal funds, to buy a football club, unless they liquidated (i.e. cashed in) some of those assets and that’s not a likely scenario.
So how is SJR going to fund a takeover?
You can be sure he won’t have £4b or £5b sitting somewhere, ready to be spent.
Somebody or some entity will provide the dosh and that provider will be owed in some form or other.
As long as the club, as Utd’s balance sheet, are not the one’s owing that money, this time round.
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