I get your point Swab but if they're not in it for the football and only in it for the investment and pension pot they'll receive they are essentially milking us, just very slowly.
It is also very simple to move the interest further up the chain so then further down the line when the asset gets sold and all debts to all companies are repaid the interest that was shown as 0% to LFC is actually charged at a rate to whoever it is that initially loaned that money. I'm not saying that is being done but it wouldn't surprise me in the least!
No, according to JH, he is in it for the challenge of proving that it can be done differently to how it has always been done, and that's not ideal either.
It's not an investment opportunity, because they will make F**k all money from it until they sell up.
h&g paid very high rates of interest.
With fsg, we don't pay any interest.
I am completely, 100% confident that money is not being taken out of the club to "line john henry's pockets".
For a start, it doesn't make sense on any level.
It would show up in the accounts.
He would make much, much more money on the S.E. if he wanted to.
On the downside, we are paying for him and the group he represents to own the club, but it is in no way similar to the way h&g tried to do it.
Also on the downside are the alleged policies regarding transfers and wages, but there has been a lot of speculation and nothing else about how this works, with some pretty funny conspiracy theories thrown in for good measure.
For instance: "BR has his hands tied by FSG as to what we can afford".
Now call me old fashioned, but it works exactly the same way at any club and in any business.
You have a budget, you have to stay within budget.
Nor can FSG just throw their own money at transfers as some suggest, because of FFP.
On the plus side, we've grown every year they've been here, BR has had plenty of money for transfers and we have some cracking young players who will only improve, as well as financial stability. Our purchasing power will continue to grow as the club grows.
We're in the same position as many other top clubs across Europe as far as player acquisition goes, and better off than most.
BR is held by many to be blameless in the transfer market, but frankly, that's just horseshit propagated by people who want something to whine about but don't want to have a go at the manager.
Yes, he works under restrictions,
as does every other manager at every club.If our transfer and wages policy (as speculated about) isn't working, then it is the fault of everyone involved with it, from FSG right down through BR to the scouting dept.
Everything isn't rosy, and anyone who knows my posting history will know that I expressed severe reservations about the alleged policy from the moment the rumours about it became widely disseminated (although I don't accept we know much about it in reality).
There's lots of people with easy answers, but not a single one of them can give alternatives when pressed, especially about the reality of our financial situation and FFP.
