3 Comments
Jul 30, 2022·edited Jul 30, 2022Liked by Graham Neary

An interesting article.

I wouldn't buy shares in a football club, primarily due to the "prune juice effect", as memorably described by Lord Sugar. Who once owned some naff club in London :).

HOWEVER, Michael Knighton had an agreed deal to buy Manchester United in 1989 for £20 million.

Chelsea have bust been bought for a reported $4 billion.

Even if we assume that's crazy and value a the larger Manchester United brand at £2 billion, that's a 100 bagger. A 15% CAGR.

I'm still not buying shares in football clubs. I suspect the next 30 years will not be as good as the last 30 years.

Expand full comment
Jul 28, 2022Liked by Graham Neary

Excellent, thought provoking analysis, as usual Graham

Expand full comment