the value is based on assets too…
I would seriously doubt someone is likely to pay the same for us if we are CL club and if we dropped out.
I don’t agree it’s based alone on location. Iconic or not, things change and we can’t sit on a static landscape.
I don’t think the most sensible of us are calling for 100s mills but just enough to manage a debt if required. We have stood still and as expected paying for it big time in my view but like you said FSG probably don’t care unless the value drops below a point where it impacts their operational metrics.
Yes - and they’ve invested in non- player assets like stadium & training that don’t fluctuate on return as wildly as players.
They bought us for, what, £300 million - and we’re valued at probably £3 billion now - that valuation, I don’t think, varies much based on transfer market.
They’ve invested in training facilities and stadium - we have solid commercial agreements and a strong, recognisable “brand” - they’ll remain the primary value drivers.
I think we, as fans, view success as more important than it probably is - EPL money is our major income stream and there isn’t a huge variation based on league position - we’ll always pick up money based on live games shown because of our fanbase.
Once you’re in the CL - there is potential to earn loads, but it partly depends on how the other English teams do (the pot is bigger if other English teams don’t progress - so Spurs not getting through is financially beneficial to us).
Missing out on CL isn’t great, but it’s also not disastrous if it’s short term - it’s a revenue stream reduction that doesn’t necessarily affect our valuation significantly.
I guess what I’m saying is - there isn’t really a business case for the owners to do anything significantly different from their point of view - and that’s different from a fans point of view.
Where we can be different is churning players over more quickly - buy to sell and sell players other teams want - Alisson, Trent, Van Dijk, etc
I agree we’r hanging on to too many players for too long - but, hanging on to those players for so long has allowed us to overachieve as a team at the same time.
It’s a bit of a bind - retain players, overachieve and hit a wall or churn through players and never achieve the consistency needed to dominate.