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Why is the CAGR on sports teams in general over the last decade so poor? Owners who don’t prioritize profits first?
Would be interesting to compare ManU under the Glazers to Arsenal under the Kroenkes. The latter seems to have a long term strategy that has built a new stadium and superior team.
You can't count interest payments and debt repayment as money that goes to the Glazers. That money is paid to the banks that provided the loans. So, that should be excluded from the calculation. Also, as they sell shares, their ownership stake decreases, so the value of their stake declines as they sell shares.
This is why even non Manu fans such as myself should support FC United of Manchester (FCUM….pronounced “fuckem”). Maybe a follow up on the business side of that operation…?
Thanks for the article...only thing is that share sales isn’t money taken out of the club’s accounts