| I know it's how one buys a house 10:45 - Feb 2 with 912 views | Guthrum |
by taking out a mortgage on the value of the assets to be purchased. But I'm not sure why this is still allowed for acquiring something like a football club (or any other business) where the value of assets arguably does not approach the price.
https://www.theguardian.com/football/2021/feb/02/burnley-us-takeover-has-left-cl
At least with a house morgage, the income stream is separate from the item itself, nor is it so precarious as survival in the Prem for a middling-to-smaller side. |  |
| |  |
| I know it's how one buys a house on 12:08 - Feb 2 with 760 views | Steve_M |
Agreed, saw that earlier and just felt a bit sad that a club that had spent the last 15 years building a sustainable model have abandoned that to move to the "next stage".
Still, it gave me hope that Nodge might feck it all up again after they get promoted this year. |  |
| |
| I know it's how one buys a house on 16:01 - Feb 2 with 627 views | soupytwist |
Reading the article it seems as though the two major Burnley shareholders have largely prevented Sean Dyche from spending money on players so that, when the time was right, they could use the reserves built up to make themselves very wealthy when selling the club.
How that's actually allowed to happen I have no idea. And I'm not sure how to describe the kind of person that actually does it. It wouldn't be complementary, that's for sure. If they go down (which they'd be in danger of without Dyche), they'll be in big trouble. |  | | |
| I know it's how one buys a house on 18:53 - Feb 2 with 540 views | braveblue |
Most Businesses are bought on a multiple of profits. Asset value is nether here not there. So nothing surprising here. |  | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
