- Dec 22, 2009
- AFL Club
- Other Teams
Gerrard going through the club through his career is very different to the Yank owners, owning it. He lived in Liverpool I'm sure through his career I'm sure, he would understand the place better than most.
I'm happy to be proven wrong but how often is John Henry actually at the games etc? I don't think they've ever seen it as much more than a cash cow, no matter what they try and say to the contrary. The owners can run the business without needing to feel close to the club.
FSG are all about extracting the maximum capital gain for the minimal possible investment. They have never used their own capital for transfers. Their capital injections have been for infrastructure projects which to their credit have been successful. But these have not been converted to equity. They are all low interest or interest free loans which the club is paying them back for or will be paid out in the event of a full sale. Yes, he views it as a cash cow. Now currently in talks to sell 10% of the club for 400m which incidentally is more than what he paid for the club in 2010. There was talk of a full sale last year but that never materialised. He does pop in for matches every now and then but I see that as more of an attempt to show he "cares". He was probably the main driving force behind the ESL proposal which was show down pretty quickly by the fan base (similar to Utd fanbase reaction).
In short he's a typical hedge fund venture capitalist a-hole using the club's name and image for FSG's capital gain benefit. The sooner we are rid of them the better.