What is the point of Harris and Blitzer.

Textor apparently received $190 million for the sale of his shares, but I wouldn't mind betting that included his loans to the club, which as I recall were c.$90 million.
Probably explains why Woody was happy to take 43% of the shares for $100 million and take over the loan of $90m. Our security looks pretty good for that if he got a first charge.
That would make far more sense for the share value in the circumstances.
It would be interesting to get a view from some of our multi millionaire posters, as personally I can't see for the life of me why any billionaire investor would put a dime into a football club that never returns a profit and is highly unlikely to moving forward.
Unless of course it is for kudos value.
 
dreamwaverider said:
Textor apparently received $190 million for the sale of his shares, but I wouldn't mind betting that included his loans to the club, which as I recall were c.$90 million.
Probably explains why Woody was happy to take 43% of the shares for $100 million and take over the loan of $90m. Our security looks pretty good for that if he got a first charge.
That would make far more sense for the share value in the circumstances.
It would be interesting to get a view from some of our multi millionaire posters, as personally I can't see for the life of me why any billionaire investor would put a dime into a football club that never returns a profit and is highly unlikely to moving forward.
Unless of course it is for kudos value.
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You wouldn't want the club to decline in value though would you? There are going to be some requirements to maintain and increase value. Otherwise it's one pound back and good luck.
 
Lanzo-Ad said:
They sit on the money they invested, and sell at the right time for a substantial prophet, with i would think is when our player sales have enough money to build the new stand, then double their money without reinvesting more, they wanted Chelsea or Manure,They are not idiots like Jordan and Goldberg
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Harris is often featured on Bloomberg talking about sports investments.

He says he expects to make 10% p.a. from his investments. Agree he is definitely not an idiot and will only investment extra as and when needed.
 
grumpymort said:
When they came into the club it was clear they had no interest i spending SP even came out with this in an interview but he was desperate.

They ring fenced around 80m which was suppose to go to stadium so what happened to that it has clearly been wasted and sounds like SP miss sold the whole stadium. (80m back then was a lot of cash as well)

When we was desperate these 2 did give the club funds.

People made Tex to be the bad guy yet he was the only one who was willing to pump funds into the club and try push it forward. (I believe had he been in sooner we would have had a new stadium)

Woody I wonder if was just a quick option and had no interest in holding the amount of shares he has the guy is smart and owning the same as Tex with only 1 vote is not smart business.
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And you know this because? What evidence do you have that 80m was wasted?
 
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