|
|
Joined: Aug 2011
Posts: 8,564
1st Team Squad
|
|
1st Team Squad
Joined: Aug 2011
Posts: 8,564 |
|
|
|
|
|
Joined: Jan 2010
Posts: 22,926
Liverpool Legend
|
|
Liverpool Legend
Joined: Jan 2010
Posts: 22,926 |
The main issue I have with FSG is that they are not investing their own money in the club but are trying to turn it around like a business which would pay dividends (like United) in the future. An average of 25m net spend yearly is generated from the club itself. LFC can be a profitable enterprise (may be not in the long term) without winning the EPL and CL and this is what the plan might be.
|
|
|
|
|
Joined: Jul 2012
Posts: 2,824
Under 23 Player
|
|
Under 23 Player
Joined: Jul 2012
Posts: 2,824 |
The main issue I have with FSG is that they are not investing their own money in the club but are trying to turn it around like a business which would pay dividends (like United) in the future. An average of 25m net spend yearly is generated from the club itself. LFC can be a profitable enterprise (may be not in the long term) without winning the EPL and CL and this is what the plan might be. But the difference with Utd was that the Glazers didn't buy the club with money. They over-loaded the club with their own debt, being serviced internally. Whereas FSG have bought the club and therefore have not been servicing the sale loan with the clubs finances. I think you're disrespecting FSG by suggesting that they'd be stupid enough to try and make money for themselves in football. It is common knowledge that rich men that want to get richer won't invest in football. It makes little to no sense. And they have given the club funds when the club needed to cover some of the stadium fees. I don't think they've been great 100% of the time. I think the club made an awful lot of mistakes in those first 2 years. Ultimately, I think they've realised that we need to be spending £30-40m a year to get the club back to where we need to be, and I'm afraid that means moving on under-performing long-term contracted high salary players, and bringing in ones of equal/better immediate quality, with potential to improve, on lower deals. If everyone for one second, just got rid of sentimentality for every one of our players. Imagine you were being objective as possible, and analysing them as you would products in your home against products in the shop, you'd realise just how useful the changes being made might prove. You can suggest that they want to make money off the club, but they certainly wouldn't have bought Carroll when they did, or buy Mignolet, or buy Alberto to sell Shelvey. They're all transfers that cost the club more money now, so to me, the argument has little to no basis in truth.
|
|
|
|
|
Joined: Apr 2012
Posts: 9,650
1st Team Squad
|
|
1st Team Squad
Joined: Apr 2012
Posts: 9,650 |
they haven't spent very much at all , and they serviced some of the debt. pretty sure with debt of their own.
|
|
|
|
|
Joined: Jan 2010
Posts: 22,926
Liverpool Legend
|
|
Liverpool Legend
Joined: Jan 2010
Posts: 22,926 |
The main issue I have with FSG is that they are not investing their own money in the club but are trying to turn it around like a business which would pay dividends (like United) in the future. An average of 25m net spend yearly is generated from the club itself. LFC can be a profitable enterprise (may be not in the long term) without winning the EPL and CL and this is what the plan might be. But the difference with Utd was that the Glazers didn't buy the club with money. They over-loaded the club with their own debt, being serviced internally. Whereas FSG have bought the club and therefore have not been servicing the sale loan with the clubs finances. I think you're disrespecting FSG by suggesting that they'd be stupid enough to try and make money for themselves in football. It is common knowledge that rich men that want to get richer won't invest in football. It makes little to no sense. And they have given the club funds when the club needed to cover some of the stadium fees. I don't think they've been great 100% of the time. I think the club made an awful lot of mistakes in those first 2 years. Ultimately, I think they've realised that we need to be spending £30-40m a year to get the club back to where we need to be, and I'm afraid that means moving on under-performing long-term contracted high salary players, and bringing in ones of equal/better immediate quality, with potential to improve, on lower deals. If everyone for one second, just got rid of sentimentality for every one of our players. Imagine you were being objective as possible, and analysing them as you would products in your home against products in the shop, you'd realise just how useful the changes being made might prove. You can suggest that they want to make money off the club, but they certainly wouldn't have bought Carroll when they did, or buy Mignolet, or buy Alberto to sell Shelvey. They're all transfers that cost the club more money now, so to me, the argument has little to no basis in truth. So you think they are not in it for the money? Can't believe that, yes Abramovich and the Sheiks are not in it for the money at least short term (because they have loads), but the Americans are in it only for the money basically because the Galzers have bought United through debt and Henry is an investor, though he is a majority shareholder, he has partners who are expecting returns. FSG is definitely not in it because of the love of the game, not because they love LFC and not because of fame/pride. I think this is fundamentally why we will not agree. What do you think then is FSG's motivation of owning LFC (may be on a different thread)?
|
|
|
|
|
Joined: Jul 2012
Posts: 2,824
Under 23 Player
|
|
Under 23 Player
Joined: Jul 2012
Posts: 2,824 |
I don't agree that "Americans" are just in it for money. FSG are a group of sports investors and enthusiasts wanting to be part of a global brand that runs sports ventures sustainably. They do make money, but this year, is the first time in 11, that FSG have actually paid dividends to their shareholders/investors. So tell me how 1 in 11 years backs up your argument that they're only in it to make money?! What they're looking to do, is continue to invest in successful sports teams through the success of their existing. While we're not being a success, they're working on making that possible. But its true. This is the first and only year FSG have taken dividends. Look it up. I do look up these things, because if my opinion isn't reasoned, its a weak argument.
John Henry is definitely passionate about the game now. They always look for interesting sports ventures and when we became available, they instinctively moved in and have been trying to fast-track their knowledge of the sport. I'm not saying he was a fan 3 years ago. What I am saying is that, from Ayre, himself, Werner etc, they have all noted on how much time he has spend watching, learning, asking questions. He could have come in and said "this works for baseball so the same must work for football" but he didn't. He has, despite haters on here, tried to communicate with Gill and Gazidis on how to run clubs effectively, and this last year has been the first big-year of turning the club around, having invested so much under Dalglish with little reward in terms of getting back into the Champions League.
We don't agree if you're disputing FSGs history as a business (previously NESV) or if you dispute what they have done in previous sports ventures that 1) are still running, 2) still part of the corporation and 3) still proving successful. They have put money into the club to cover some expenses, and at the moment, we are the only club draining their cashflow resources. If the club isn't running sustainably, it'll run itself into the ground. A football club is a business. So long as it can fund success, and work well, efficiently and effectively, then FSG won't be happy until the club is challenging again.
|
|
|
|
|
Joined: Aug 2011
Posts: 8,564
1st Team Squad
|
|
1st Team Squad
Joined: Aug 2011
Posts: 8,564 |
they haven't spent very much at all , and they serviced some of the debt. pretty sure with debt of their own. To date, their net spend has been 120 million over 2 seasons. That's a fair amount of money.
|
|
|
|
|
Joined: Jul 2012
Posts: 2,824
Under 23 Player
|
|
Under 23 Player
Joined: Jul 2012
Posts: 2,824 |
|
|
|
|
|
Joined: Jan 2010
Posts: 22,926
Liverpool Legend
|
|
Liverpool Legend
Joined: Jan 2010
Posts: 22,926 |
I don't agree that "Americans" are just in it for money. FSG are a group of sports investors and enthusiasts wanting to be part of a global brand that runs sports ventures sustainably. They do make money, but this year, is the first time in 11, that FSG have actually paid dividends to their shareholders/investors. So tell me how 1 in 11 years backs up your argument that they're only in it to make money?! What they're looking to do, is continue to invest in successful sports teams through the success of their existing. While we're not being a success, they're working on making that possible. But its true. This is the first and only year FSG have taken dividends. Look it up. I do look up these things, because if my opinion isn't reasoned, its a weak argument.
John Henry is definitely passionate about the game now. They always look for interesting sports ventures and when we became available, they instinctively moved in and have been trying to fast-track their knowledge of the sport. I'm not saying he was a fan 3 years ago. What I am saying is that, from Ayre, himself, Werner etc, they have all noted on how much time he has spend watching, learning, asking questions. He could have come in and said "this works for baseball so the same must work for football" but he didn't. He has, despite haters on here, tried to communicate with Gill and Gazidis on how to run clubs effectively, and this last year has been the first big-year of turning the club around, having invested so much under Dalglish with little reward in terms of getting back into the Champions League.
We don't agree if you're disputing FSGs history as a business (previously NESV) or if you dispute what they have done in previous sports ventures that 1) are still running, 2) still part of the corporation and 3) still proving successful. They have put money into the club to cover some expenses, and at the moment, we are the only club draining their cashflow resources. If the club isn't running sustainably, it'll run itself into the ground. A football club is a business. So long as it can fund success, and work well, efficiently and effectively, then FSG won't be happy until the club is challenging again.
As a business they would want to make money out of it, I am not saying they want dividends payouts now, but the untimate goal is to have returns, either by keeping the club and fork out dividends or sell it to somebody else and make a profit. The fact that they have just paid dividends proves this, they have just started because the investments they made in the past can afford to pay dividends now. By the way, RedSox won a couple of championships and then went very quiet for years, it could be better this year. They are trying to do the same thing with football and they are still learning, doesn't mean they will though. United if I am not mistaken (I will check it after posting) have paid 50m of interst on top of dividends last year and FSG saw that a club having a fan base like LFC could compete, but, they didn't know it would be as complicated and expected FFP to change the environment. They cannot asset strip as they will not be able to recoup what they have spent to buy the club and have been investing in players will sell on value so that their asset (LFC) gains value in time. The Arabs (City, PSG and even Barca to some extent) on the other hand are in it for the pride and Abramovich because he loves the game and Chelsea is his big entertainment as a fan. Henry is nowhere near in terms of wealth and still needs returns.
|
|
|
|
|
Joined: Aug 2011
Posts: 8,564
1st Team Squad
|
|
1st Team Squad
Joined: Aug 2011
Posts: 8,564 |
Ok, miscalculation, you got me. But according to these numbers, they've had the highest net spend since 2007, and that was basically a one off.
|
|
|
|
|