I think you captured well the nuance between the overall "trend" and the actual vast differences in motivations among the members driving that trend and some of the obvious irony. Americans are a clear and present danger...but Americans have almost single handedly propped up the whole euro football pyramid over the last 5 years, because as Richard mentions in the pod, Europeans aren't interested buyers! Do the domestics know something that the foreigners don't? Reminds me when I was working with the Brazilians and we were buying really important manufacturing assets in the US from American owners and the ENTIRE board discussion was "those guys know a lot more than we do, so why are they selling and how are we getting fucked here?". We did the deal and the payback period was 2 years and EBITDA grew from 20MM to 600MM in 5 years. It's an M&A business school case study today. I have no idea how it's going to play out for all of the investors in European football but I am confident that it's not going to be the nationality of the investor that determines it.
"Russian money" AKA Chelsea's previous owners, who were rightly sanctioned. You know sportswashing is a thing, why frame it in such a way that suggests it's not a threat to sporting integrity?
I clicked the fucking like button. It wasn't hard. Now what?
Absolutely nothing, except our gratitude 😂😂 I blame this endless feedback demanded by our culture
I think you captured well the nuance between the overall "trend" and the actual vast differences in motivations among the members driving that trend and some of the obvious irony. Americans are a clear and present danger...but Americans have almost single handedly propped up the whole euro football pyramid over the last 5 years, because as Richard mentions in the pod, Europeans aren't interested buyers! Do the domestics know something that the foreigners don't? Reminds me when I was working with the Brazilians and we were buying really important manufacturing assets in the US from American owners and the ENTIRE board discussion was "those guys know a lot more than we do, so why are they selling and how are we getting fucked here?". We did the deal and the payback period was 2 years and EBITDA grew from 20MM to 600MM in 5 years. It's an M&A business school case study today. I have no idea how it's going to play out for all of the investors in European football but I am confident that it's not going to be the nationality of the investor that determines it.
"Russian money" AKA Chelsea's previous owners, who were rightly sanctioned. You know sportswashing is a thing, why frame it in such a way that suggests it's not a threat to sporting integrity?
Was thinking of Everton and Palace, but now you mention it…