they bought the debt.
Liverpool were on the verge of administration. FSG got the club itself for free because it was worth fuck all.
Class
Net effect is the same. They spent the money and got the club. That club has now made profits of 140m in the last 2 years. They are getting a return on taking on the debt. Chelsea and City have accumulated massive losses over the years. City try and hide it through inflated revenue which are in reality subsidies from the owner.
take that up with FFP mate.
You seem to know the objectives and mindsets of billionaires very well.
It’s pretty well known
The fellas behind Der Spiegel were all arrested recently fella.
An absolute farce of a magazine
So have Liverpool. £350m in debt in 2011
I have a car to sell, worth about 500 but it’s yours for 2 grand.
Given your knowledge of figures I’d imagine you just paid 10k for it a matter of days ago.
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Much like your bizarre defence of sexual predators you’re in no position to be throwing stones when it comes to basic economics and numbers.
Economics has no relevance in football club finances.
I’ve never defended a sexual predator.
Again, with your moral compass and your lamentable grasp of basic economics, you are not in a position to throw stones of judgement.
not economics
How twee
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he deleted it
eh?
Nobody has discussed economics here.
…the branch of knowledge concerned with the production, consumption, and transfer of wealth