The system in place isn't perfect, and it isn't risk free. What it does is limit the financial risk on the owners part
You're right: the model isn't perfect and it, most certainly reduces the financial risk to the owners. The fact that it also limits the chance of football success is obviously secondary to many - just not me.
and allows them to try to improve the club by only using the limited funds generated by the club
What it allows is very wealthy investors to increase their portfolio and profit margins with little financial risk to their, already, threefold return on their investment in a repossession.
You talk about "limited funds" yet it's very clear that we have had a lot of money to spend. The fact that it wasn't spent on wages or fees, for proven quality, is clearly down to the owners and their business strategy of reduced financial risk to investors.
It's as simple as this: FSG are, rightly, praised for their business acumen - the business, that is LFC, is NOT going to fail under their ownership because they will only spend what the club generates: whether it's spent on 'future' or 'proven' quality.
However the football team, that is LFC, will either fail or succeed depending on the quality of players it can put onto the pitch.
Do you really care more about reduced "financial risk on the owners part" more than enhanced chances of winning on the football team's part? Nah.
Football success attracts fans, sponsors, better players but it demands owners taking a risk that their percentage might get eaten into - that % currently sits at close to 300%. I think they can take a chance.
Football first Harry, football first.
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