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phyrros t1_ixj675r wrote

Reply to comment by Majestic_Food_4190 in Manchester United may be up for sale, so is the team profitable? [OC] by NicuCalcea

Because the majority of football Clubs are not for Profit. Actually most Fans sneer at the idea of a for profit club. Or buying a club

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Aardark235 t1_ixku8v2 wrote

ManU has had a 15% annual growth rate from 2005. Compare that to 9% for the S&P 500 over the same time period. Better deal than Twitter according to my maths.

Could the value go from 7B pounds to 100B pounds in the next 20 years? Absolutely.

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phyrros t1_ixm0tit wrote

Yeah, or ManU drops down to the second league and is worth little if anything.

Using sports Clubs as an investment vehicle is imho both everything that is bad about modern football and rather risky

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Aardark235 t1_ixm24sf wrote

That, my friend, is why you are poor. Check out the comparison between sports teams vs stock market over the last three decades:

https://mercercapital.com/article/investors-view-major-league-sports/

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phyrros t1_ixm4v4x wrote

No, that,my friend, is why i'm happy with my life and i can enjoy football.

I don't invest in Clubs just as i don't buy slaves :)

I've got a job, a house and have financial security for about 12 months - why should i chase after more money?

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Aardark235 t1_ixn4m30 wrote

You have a job so you obviously are chasing after more money. If you only had 10B pounds, you could enjoy your football and get paid to own a team.

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phyrros t1_ixncorz wrote

Actually no, i do i job in a company where i earn a lot less than in other companies because i really like my job :)

With 10b i would simply do nothing at all which i unhealthy

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Aardark235 t1_ixnihz5 wrote

With 10b, you can pay other people to be healthy for you.

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phyrros t1_ixqhcmz wrote

that you can do with 4 mill. There is absolutely no sensible reason to ever have more than a few million dollars.

And, just accept it, some people don't want to enrich themself on the work of other people. I believe in the value of work, and thus I deem getting rich off stock options as asocial.

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