Jesus Christ, BILLIONAIRES do not throw money away, that’s why they are BILLIONAIRES. what BILLIONAIRE would throw that amount of money away, NONE !
First Group of Footie club owners. Two examples :-
A Club like Chelsea was/is a Hobby for someone like Roman Abramovich. Ditto,
A club like City is a Hobby for someone like
Sheikh Manseour or whatever his name is. 3rd example is NUFC. All Billionaires, with a big train set. A hobby.
Second Group of Footie Club owners..... An example would be Liverpool. Owned by a consortium of Americans, who also own Stateside soccer clubs/ American Football, Baseball/ Basketball etc. These people treat their Clubs as assets , and get their income from these Clubs. They have had to invest in their Clubs, to get their 'reward' / income. Not a train set, not a hobby. Burnley might be considered included in this group, now, ( but with them, there were valid fears amongst the Dingles that they would become some sort of
'shotgun-shack Man Utd' , who have been led down the Garden Path since being sold to the Glaziers ). Probably the most stable long-term group of the three, because the one company is only part of their 'portfolio'.
A third group would include owners of Clubs like Middlesbrough, Wigan under Whelan, Blackburn under Walker, Bournmouth, and Brighton. Fan-led owners, who usually have had limited, but even so, definite success.
These guys are/have been Millionaires, during their lifetime, and simply love their Local Club / Local Town. When they die, the Club they bankrolled - very often settles down to their 'natural' level.
No doubt about it, some BILLIONAIRES - and even 'simply' Millionaires might be considered as wasteful to even be a director - and their own accountants might consider their clients to be "throwing their money away". Or, it could be just a tax-losing "shelter" to save other parts of their fortune going to HMRC .
