The dreams we have as children fade away eh
I remember growing up dreaming of winning trophies..
Oh to be a kid today dreaming of profit dividends and having posters of the ftse 500 graph on their wall 🙄
I was never that bothered about the owners before h&g came along, and I said after that fiasco, that I would keep an eye on any new owners.
So it's not about admiring FSG or anything other than keeping an eye on them.
I download and go through the accounts each year, which isn't something I particularly enjoy, but it gives me an insight that perhaps others don't have.
For instance, as above, the way the new stand is being paid for.
Or the revolving interest free credit facility the club has.
Or the fact that we still carry debt on the books, because a certain level of debt is actually good for a business (any business).
Or the fact that money left over from previous windows has been earning more interest and not being liable for tax, because it is in a hedge fund managed by Henry, in much the same way as he makes his own money work for him.
It all helps understand that these blokes are not the shysters that h&g were.
I'm not happy that we are a long term investment vehicle for them, and nor am I happy that at some point we'll have new owners and have to go through the same sh*t all over again.
But, it is what it is, I can't change it, but I can keep a watch out.
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