Worth a read. Serious players and won't simply be allowing the board to make decisions based on what's good for Abu Dhabi. No chance.
https://www.ft.com/content/cb4f8b5a-07c9-4880-a220-f4f5c56d4735
Their investment bets in the travel industry not looking so good.
Not sure how a company with a small minority stake has much influence in the club, unless the club is skint and wants more investment.
Worth a read. Serious players and won't simply be allowing the board to make decisions based on what's good for Abu Dhabi. No chance.
https://www.ft.com/content/cb4f8b5a-07c9-4880-a220-f4f5c56d4735
Their investment bets in the travel industry not looking so good.
Not sure how a company with a small minority stake has much influence in the club, unless the club is skint and wants more investment.
I agree with this. They’re attracted to the club because of the potential returns it brings, but they’re not going to have much, if any say, in the decisions. It’s the decisions that have already been made which are important, that’s why they invested. They’re a presence, no doubt, but ultimately a minority.
Silverlake are not passive money. Its an initial stake and he's on the Board. Clearly they are not managing day to day but they are far more than money.
Couldn't agree less that "It’s the decisions that have already been made which are important, that’s why they invested" - for Silverlake its ALL about the future.
He won't be executive on the board (he will be a Non-exec Director) nor do the board make the football decisions - there are no "football people" on City's CFG board. Its a parent investment company. But that board will dictate the high level strategic direction of the Group and critically, approve budgets that accommodate the football decisions.Ah, I didn’t realise that they were on the board in an executive capacity. And I take your point re the future being the important thing, I meant that decisions made by the board ultimately attracted them. The key issue really is that football people make football decisions and suits make the business decisions. There has to be a clear dichotomy, it’s the lines blurring that leads to problems. Not that there should be any issues at your place, the footballing side is well away from the other.