69m off it?
Chelsea and Man City are now worth significantly more than their owners paid for them.
So what?
Do you really think HRH Mansour doesnāt want to make money back on City?
Look at all the money he has invested in East Manchester, heās turned the place from a shithole into a modern area, with good infrastructure. Heās invested massively in facilities, new training grounds. City Football Group has community schemes in cities around the World.
Itās a sound business model mate. Not bad for Sand Monkies.
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Yeah I bought a house for 50k and now itās worth 500k. I spent 2m on a revamp but fuck it.
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He thinks promissory notes are worth more than oil money. He believes in the integrity of Wall Street, bizarrely. The same fella canāt even negotiate a pay rise - you couldnāt make it up.
I donāt want to get personal with anyone mate.
He now has a club which comfortably is seeing its market value rise and is financially now self sufficient.
Do you spend a lot of time in East Manchester?
All Iām saying is he fails to get financial matters and contradicts himself through ignorance and emotion.
Do you have a mortgage?
that is a very personal question mate and I fail to see itās relevance in this discussion
I donāt Geoffrey. I did at one time yes
You are talking like they want to sell right now.
Let me expand your analogy.
I bought a house for 50k, it is now worth 500k, but thatās fine, I donāt want to sell just yet.
Yes, Iāve invested 2m, but fuck it, Iāve done up the broken lights, damaged roads and put in a community centre for the neighborhood kids. Iāve got a crack team of B&B models in, and I am renting out rooms for a decent revenue every year, actually turning over a profit.
Also, Iāve thrown many, many parties and everyone has had an amazing time.
This is working so well I might bring this business model to other countries.
The fact you see a football club as a house is worrying, a house doesnāt generate revenue. It is more like a hotel.
The discussion is about the relative spending power of the football clubs and how they achieved it.
The house analogy was an attempt to explain basic economics to Nembo. Spending 2m to gain 450k is not financially sustainable. It went over his head of course.
they both achieved it with significant foreign investment. Both are turning over profits.
I donāt get your argument. It seems to be an entirely moral argument on the origin of the money invested
Liverpool were Ā£350m in debt. Their billionaire Wall Street owners personally wrote off a big chunk off that debt.
Abramovich bought Chelsea for Ā£140m. The club is now worth Ā£1.5bn and financially self sufficient.
there isnāt any point fella
It is a moral argument over the origins of the money.
Wall St. money is cleaner than oil money
Thereās a lot of lads who wouldnāt make the grade as accountants here.
Billionaires get rich by writing off debt. 
You tell me mate. They are all billionaires, apparently you think itās weird some billionaires spend money on clubs but odd if others do it.
Abramovich is a self made man.