Newman Noggs
Well-Known Member
That was a long article to state the obvious. What was missing, and is the most important part of all, is the effect this US ownership of 50% of all premier league clubs will have on the game in England, and why people who actually invest in the game from another part of the world are ridiculed and demonised.
I thought there were other interesting snippets in there which the writer should have explored like;
"Ratcliffe, for his trouble, will plough an additional $300m into the club to help clean up the mess the Glazers have left behind on the pitch"
Whilst we knew he was "investing" a further £235m, it still hasn't been explained what form this injection of cash will take. It surely can't be a gift, so if it's "additional" to the share purchase it has all the hallmarks of another loan. And if it is another loan, is it on top of the existing debt or have the Glazers used some of their windfall, to reduce the clubs existing borrowings accordingly ? (and pigs might fly).