American owners a serious threat to our game ?

A massive fallacy that is rooted in the belief that Arabs are better owners than Americans. Its just not true and the belief Newcastle will automatically be successful because they are owned by Arabs is incorrect.

Most of your success has to do with Pep, who like he did at Barcelona with really good players, raised standards very high.

Do you honestly think The American owned clubs think they couldn't beat you if Kompany is manager?
Mancini and pelegrine say hi.
 
A massive fallacy that is rooted in the belief that Arabs are better owners than Americans. Its just not true and the belief Newcastle will automatically be successful because they are owned by Arabs is incorrect.

Most of your success has to do with Pep, who like he did at Barcelona with really good players, raised standards very high.

Do you honestly think The American owned clubs think they couldn't beat you if Kompany is manager?
Glad you think it's down to Pep cos nearly all our opponents think it's money
 
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But there should be a rule against leveraged buy out of a prem or championship club.
There shouldn't be per se IMO . . . BUT there SHOULD be leverage ratio caps and cashflow/interest coverage ratio minimums -- just as a bank would ask of a company were it to lend it money -- only the regulatory bodies governing the sport should promulgate them.

Inadequate cashflow coverage of debt service (or the ability to service i.e. pay down/off shorter liabilities) is ALWAYS what gets clubs in trouble.

Problem is the cartel clubs making the rules didn't want that for fear of tripping up themselves or -- more likely -- because their owners wanted to borrow against the value of the assets in the future -- and because the "value" of the brand can get conflated quickly in sport at certain times which allows for a bigger borrowing "base" (theoretically) against which some owners want to apply leverage to take out their equity (or dividends).

So instead FFP was based on these insipid net income "profitability" tests which simultaneously insulated the cartel somewhat from failing FFP (since they were established and already profitable, generally) AND had the additional "benefit" of fucking up and protecting themselves from the clubs backed by "venture capital" -- i.e. loss-makers after initial investment, before eventually becoming profitable, just like nearly any start-up in any business.

Imagine a large retailer like Wal-Mart attempting to "legally" prevent Amazon from losing money in its early life to insulate itself from a competitive threat. That's what the cartel clubs did to City et al.

I do agree with those that say American owners are perhaps more desirous of a "closed system" because US sport(s) leagues are all effective cartels, which protects profits for everyone generally and limits spending (again generally).
 
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