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Carter and Evans to leave for Europe?
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<blockquote data-quote="Prestwick" data-source="post: 189748"><p>Thats completely different. </p><p></p><p>First, Liverpool FC is not a franchise. The many NFL and NHL teams are franchises, with the owners being given permission to operate them by a central body in return for money. Liverpool FC and Chelsea FC are private limited companies, run as a business by a board in the interest of its shareholders. Two completely different things. Simple GCSE Business Studies.</p><p></p><p>A cock up like Liverpool FC could have happened in the credit crunch, the middle of the dot com boom, the 1929 Wall Street Crash or even the South Sea Bubble crash. Two guys with wildly optimistic expectations bouyed by big fat payments from their American sports franchises, buy a football team/company and burden it with hundreds of millions of pounds worth of debt and then some more when they try and get a stadium built on credit too.</p><p></p><p>Look at Glazier and Manchester United. Same strategy except they've let Fergie and the day to day management team get on with it. The result, bumper results mean bumper television money which offsets advertising any day. Business Partners falling out can cause as much damage as turbulent economic conditions. Its the Yanks having a ***** fight at the top thats scaring the banks away not any credit crunch.</p><p></p><p>Rugby is slightly different as many clubs depend on straight investment rather than pandering to banks...unless you are Newcastle Falcons which means that your local Rugby ground is state run and owned by every rugby fan in the country and beyond. Saracens' Nigel Wray has concluded a deal for extra investment by South African businessmen and I'm sure other big owners in NH rugby are doing exactly the same. There is still cause for caution and it shows, Leicester Tiger's board agreed to only rebuild Welford Road <em>in stages</em> and pay for each stage in advance. That way, if things get tight, they can just not advance to the next stage and they won't have the problem of being potless with loads of angry builders standing around glaring at them for money.</p><p></p><p>As RC said, apparently Carter has agreed a 2 year "Sabbatical" where he may even be getting money from the NZRU even though he'll be playing oop' north in France or whatever. I think Chris Jack only has a two or three year deal with Sarries so relax all you in the "All Blacks! cha-cha-cha!" brigade, surprisingly, the only people who will have suffered from missing those All Blacks stars heading north for three years will have been Canterbury Crusaders fans. </p><p></p><p>And nobody likes them anyway, because they smell and have crap advertising. Not like the Hurricanes. They're named after a Cartoon series doncha know.</p></blockquote><p></p>
[QUOTE="Prestwick, post: 189748"] Thats completely different. First, Liverpool FC is not a franchise. The many NFL and NHL teams are franchises, with the owners being given permission to operate them by a central body in return for money. Liverpool FC and Chelsea FC are private limited companies, run as a business by a board in the interest of its shareholders. Two completely different things. Simple GCSE Business Studies. A cock up like Liverpool FC could have happened in the credit crunch, the middle of the dot com boom, the 1929 Wall Street Crash or even the South Sea Bubble crash. Two guys with wildly optimistic expectations bouyed by big fat payments from their American sports franchises, buy a football team/company and burden it with hundreds of millions of pounds worth of debt and then some more when they try and get a stadium built on credit too. Look at Glazier and Manchester United. Same strategy except they've let Fergie and the day to day management team get on with it. The result, bumper results mean bumper television money which offsets advertising any day. Business Partners falling out can cause as much damage as turbulent economic conditions. Its the Yanks having a ***** fight at the top thats scaring the banks away not any credit crunch. Rugby is slightly different as many clubs depend on straight investment rather than pandering to banks...unless you are Newcastle Falcons which means that your local Rugby ground is state run and owned by every rugby fan in the country and beyond. Saracens' Nigel Wray has concluded a deal for extra investment by South African businessmen and I'm sure other big owners in NH rugby are doing exactly the same. There is still cause for caution and it shows, Leicester Tiger's board agreed to only rebuild Welford Road [i]in stages[/i] and pay for each stage in advance. That way, if things get tight, they can just not advance to the next stage and they won't have the problem of being potless with loads of angry builders standing around glaring at them for money. As RC said, apparently Carter has agreed a 2 year "Sabbatical" where he may even be getting money from the NZRU even though he'll be playing oop' north in France or whatever. I think Chris Jack only has a two or three year deal with Sarries so relax all you in the "All Blacks! cha-cha-cha!" brigade, surprisingly, the only people who will have suffered from missing those All Blacks stars heading north for three years will have been Canterbury Crusaders fans. And nobody likes them anyway, because they smell and have crap advertising. Not like the Hurricanes. They're named after a Cartoon series doncha know. [/QUOTE]
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