BrisbaneRhino wrote:
It's more evidence (if any were ever needed) that sports should never be treated as a 'business' investment.
Plenty of people have made tonnes of money from treating sports as a 'business' investment. Rough figures, but the Glazers paid nearly £800m for Man Utd in 2005. The figure stated for United fans to buy the club now is £1.2bn.
The Edwards family made fortunes out of Man Utd. The PLC made fortunes out of MU when they took the club public.
Ken Bates made a fortune from Chelsea. The Thai made a big profit out of Citeh from his short ownership of the club. While Sugar whines about his time at Spurs, I reckon his time at the club was very rewarding to him.
It is difficult to make money out of sports. It's easy to get badly burned. But there are a lot of people who have made massive amounts of money out of sport.