Think I have made my point. FSG will make a huge profit if they choose to sell and make the club ‘pay’ to increase that profit. Notting illegal, well within their right but we would have had more money to spend on other things if they had chosen another path.
so in your opinion, what path would you have chosen? I’ll post a pic of the last financial statement by the club so you can get an idea of their financial situation
well, I went back 200 posts and didn’t see any statements on what you think FSG should have done (last 10 days) so I must have missed it. just some lamenting on how LFC has gone up in value from when they bought it.
Brings me to a similar situation.
Bought my house for $500,000 about 8 years ago. my neighbor sold last year for $1,415,000. Should I take out a second mortgage against my property to fund a renovation and new pool?.
I know this will increase my monthly expenses, but even though I’m not getting a pay raise I should be able to afford it right? I’ll just cut some expenses. what should I cut to balance the monthly budget?
then there’s this 1962 SeriesII Sunbeam Alpine I’ve had my eyes on for 6months. Should I buy it? owner’s only asking $6000 for it. I’ll just finance it. I’m breaking even now, what’s the harm?
If United are bought by the Quatari group currently bidding and given that Sir Jim tried Chelsea and failed and will then have failed with United, I wonder if he’ll be dialling an 0151 phone number next?
Redraw sounds much more sensible! In Oz it’s common for people to keep large amounts in redraw/offset accounts essentially as a low interest line of credit. “Equity mate” was a series of ads from banks actually spruiking this as a (irresponsible) way of paying for new boats, holiday homes etc.
And now I’m down this rabbit hole, the Bankworld Barbara ads were great - Aussie customer service at it’s best: