Football Finance expert Matt Scott was on talkSPORT today to talk about the club’s new investors Nassef Sawiris and Wes Edens.
He explained that the wealth of the two men means the club now has the country’s “third richest owners.”
"They've now got the third richest owners in all of English football." ????????
— talkSPORT (@talkSPORT) July 23, 2018
Fans on Twitter are pretty optimistic about the future, but they are still wary following past experiences:
At least we can now pay the gas bill #avfc
— Chyna (@ChynaTsui) 23 July 2018
Forgot what it’s like to be optimistic. I’m sure that’ll change quick after our first game at Hull. ????
— Mark Lanni (@MarkLanni) 23 July 2018
Getting obsessed over the money.
We won't be signing Kylian Mbappé any time soon.
— Darren Andrews (@dazthevillan) 23 July 2018
Doesn’t really change anything for me, their wealth wasn’t really in question. I’m happy they are here but still not in the excited camp until I see them making some decisions, after Lerner and Xia I’m a little more wary.
— Mark Ashmore (@mg_ashmore) 23 July 2018
What good is all this money if we can't spend it because of FFP?
— Scott Taggart (@toxytag) 23 July 2018
Because in 1-2 years we can spend baby
— Matt Collins (@MattCol69186473) 23 July 2018
City 1st then Chelsea 2nd I take it ????
— Jimmy Villa (@JamesGarnett2) 23 July 2018
To big for the championship regardless of the money
— MZ (@ZU1341R) 23 July 2018
Time will tell on this one. Having a number of investors is no doubt a good thing. Sawiris is estimated to be worth £5.2billion by Forbes while Edens is said to have a fortune of £1.9billion.
Together they have a 55% stake in the club with 27.5% each. Obviously, that means they have to be decisive in their decision making if they want to get things done.
With Xia now a minority shareholder, it will be very interesting to see how the dynamic between the three men play out in the coming months and years.
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