Bobby Taylor's Pub Team said:
AJ101 said:
Or pouring petro dollars on the big ol' fire that is a football club.
You're right, no football club makes money and no football club has ever made money, no football club will ever make money. Giant money pit, what are these crazy rich guys doing? If you can see the truth, why can't they?
I don't care, I know you City fans are very sensitive about this and I really didn't join this forum to discuss what an Arab Prince decides to do with his familys money. If you really think the "investment" made in Man City is value for money then that's fine but no football clubs really don't make money, the only time this country has seen massive profite by a football club of the kind to offset the "investment" and medium term liabilities that Man City have is when Arsenal sold off the properties in Islington that resulted from their redevelopment of Highbury.
Lots of the money comes back as taxes in to the UK coffers and they're helping to regenerate a brown field site neither of which really directly affect me as I don't live in Manchester (and rarely travel there) and the tax isn't exactly going to make a huge difference in the long run but they can only be good things. I wouldn't be over the moon if I was a taxpayer in the UAE though.
Please don't try and convince me that this "investment" is actually going to be profitable though when all the evidence points to the contrary, I'm sure this has been discussed in other threads so no need to bring it in here if you want to point me to another thread where it's argued out then that's cool.
SWP's back said:
You don't work in business do you. No idea of the difference between the shit you are spouting above and investment.
Yeah I do and I know exactly what investment is, football in general is just a bad one though.