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.
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.
Excellent, thought provoking analysis, as usual Graham
Appreciate that, Terry.