Quote:
Originally Posted by Sparky***
He’s a hard nosed businessman. He’s expanding his property portfolio. That’s it.
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If you wanted to expand your property portfolio, you wouldn’t buy one of the worlds leading clubs as some kind of front. It might underpin the value but it’s not realisable.
My guess is that at his age and his wealth, it’s largely a vanity project but has real potential to inform a slightly kinder model of future investment in uk clubs - away from glazer style take take take ownership and city, white washing ownership.
I’d want to know a lot more before concluding anything but my initial thoughts are that I’d be delighted if I was a Chelsea fan.
It really isn’t a property play.