Originally Posted by
JasonWatkins:
“I was reading a thing in the Mirror the other day that listed the richest club owners, and obviously the owners of City were way out in front. Abramovich is 2nd with an estimated worth of £5.3bn and Joe Lewis is 3rd with an estimated worth of £4.9bn.
It's an interesting contrast when you look at how close they are in terms of wealth - obviously £400 odd million isn't "close" in the strictest of terms. Abramovich has poured money in to Chelsea and transformed them in to the club they are today. He's never really baulked at authorising bringing in world class names (and Torres
) and paying them world class wages, and while we've certainly had the money to spend over the years, we've also been run as much as a profitable business instead of a football club at times.
I suppose maybe the difference is that Abramovich has got a steady supply of oil money, so won't likely take that much of a hit on his overall worth.”
From memory, I think there was a far bigger gap in net worth (Abramovich being richer), when each person bought their respective clubs.
Rather than net worth or income streams, isn't the difference in financial approach just down to the way Abramovich & Lewis view Chelsea & Spurs - plaything vs investment.
If you buy a house to live in and enjoy, you're far more likely to spend money on it, as opposed to buying a house just to make money on. Any unnecessary investment just ebbs away at your profit.
Originally Posted by Andy-B:
“I don't really think of Citeh and Chelsea as football clubs. Once you leave the realm of conventional accounting principles what's the point, there's no validity in anything: the competition becomes who will throw the most money at the problem (problem being trophies)..”
Purely as a question - What do Spurs fan want in the future, when ENIC sell up to realise their profit? Will they be happy to be sold to a hedge fund etc or would they rather be sold to a benefactor and the pros and cons they bring. Keeping the moral high ground doesn't win any extra trophies.