• You may have to login or register before you can post and view our exclusive members only forums.
    To start viewing messages, select the forum that you want to visit from the selection below.

Miscellaneous - liverpool thread

I have to say I'm frankly amazed at the lack of commentary about that dude's Mum.

He must've had a shit time as a teenager at school
 
LFC has been high on their priority list ever since they bought the club. If they're now ramping things up even further, me likey.

Take a bow Martin Broughton, Christian Purslow and Ian Ayre for standing strong and turfing out the two cowboys to make room for FSG.

Seriously. They pulled the blinder of the past two decades. That day in October 2010 is up there with Istanbul, Madrid, and last Month.

Do you remember where you were? I was at a work thing in Toronto following online
 
Red Sox just traded their best hitter taking 300$m off the books and their fans are blaming the Wirtz signing.

1750148815643.jpeg
 
I've posted most of this before but in case anyone hasn't seen it previously...

FSG has lots of partners (I reckon about 40), most of whom have only very small holdings (less than 1%) but they are significant figures (either very high net worth or politically influential). Most of them just like baseball, and maybe NASCAR. That's their interest in the group. The more public figures (John, Tom, Mike, LeBron) like a bit of footy too (NB LeBron is a small stakeholder, but a high-profile guy in our eyes). Historically it's always been the case that if LFC was not a drain on resources then we'd be left to do our thing, with strong admin oversight (finance in particular, and historically Mike Gordon had a lot of day to day involvement with the broader business, a role I suspect now falls more to Michael Edwards and Billy Hogan). But we'd manage our cashflow so there wasn't a surplus that the broader shareholder base wanted to get their hands on, but also so that we would self-fund as much as possible so it didn't feel like we were passing a begging bowl around. Basically, we kept out heads down.
I was there when the Red Sox won the series and even on this side of the Atlantic the excitement was palpable. That was what they existed for back then, and it was far more important to them than anything LFC could achieve. But they seem to have found the limits of their achievements in rounders. They've spent big in the past and it hasn't got them anywhere.
So what I think we may be seeing now is a shareholder group that wants sporting glory, and "soccer" will do since baseball isn't going to deliver it. Probably a load of those shareholders were there for the Tottenham game, and nothing in baseball will have got near that day.
A more cynical approach would be to say that they have sorted the infrastructure (added a third to ground capacity during their ownership, new training ground too) and that there isn't much to do to add value to their "asset" beyond delivering consistent success on the field. The focus on the club now could be about achieving a top-value sale, but the reality is that we have always been for sale. FSG would always have the information to hand that they needed to allow prospective buyers to weigh up a bid for the club, and I've no doubt that process has happened multiple times during their ownership, but the price has never been right. Perhaps I'm not being cynical enough, but starved of any sporting glory elsewhere it wouldn't make sense to sell LFC, because the sporting element of their "project" won't deliver much without us. And that's the truth of FSG. Yes, they are venture capitalists, they want to buy low and sell high, but they also really like sport(s), and that's as much a part of the project as making money, particularly for the minority guys - their financial exposure is minimal, they want to attach themselves to the sporting aspect. And the small number of guys who, collectively, control the group, are always having to appease the powerful people who have small stakes in their project. It might just be that those small-stake guys are starting to get excited about "soccer", and particularly about success, because they're not getting that anywhere else.
And one final point on the finance side of things. My understanding is that the cash-cow in their portfolio, which is never mentioned, is NESN (New England Sports Network) - their TV channel which generates the cash that they invest elsewhere. It subsidises the Red Sox and it probably helped pay for the Main Stand (the only real time we went to FSG with the begging bowl). The rest of the time, we pay our way. Even our latest splashing of the cash is probably coming from the Dynasty investment which was something like 18 months ago. So if people talk about FSG focus on LFC, it's probably not management focus (that was already there) and it's probably not financial investment (that has come from outside of FSG), it's probably just wanting to enlist for Slot's Quad Squad and enjoy the ride like the rest of us.
 
Back
Top Bottom