Found the money Mark isn’t investing in the Brewers: Norwich record “significant operating losses” as club releases accounts
Found the money Mark isn’t investing in the Brewers: Norwich record “significant operating losses” as club releases accounts
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Ok. Now do the other 14+ ownership entities in the team.
(Y’all get that a multiple entity ownership group does work this way?)
It is crazy just how financially suspect lower league English soccer is. If you’re not in the Prem, or recently relegated and enjoying those parachute payments, life is TOUGH
The plight of being in a small market. It’s actually amazing to see what they’ve accomplished despite what they are able to spend.
As I recall, that club had financial issues when he bought it back in 2022. They had just gotten relegated, and their parachute payments (which is a revenue sharing mechanism) I believe ended this year, but their goal is to get back into the premier league (which takes a lot of money). So, it makes sense they’re running crazy deficits. Im sure their fans think he’s cheap too, but I sincerely doubt as a business man he’s taking money he would’ve spent on the Brewers and throwing at NCFC. Everything I’ve gathered about him these last 20 years, indicates he doesn’t overspend because he wants (for better or worse) the teams he owns a majority stake in to be relatively self-sufficient. The two teams likely live on entirely different spreadsheets in his mind. Im the first in line to call Mark A a cheap ass, but I don’t buy that this is the primary reason why.
The money that isn’t being spent on S-tier MLB stars is going into player development.
To be fair, this is still the club readjusting from their Premiere-league budget (and revenue) just a few years ago. Getting relegated puts most clubs on the back foot financially. That said they are having a shit season too and things are clearly not going well so far, oh well
This isn’t news it is estimated that 70 of the 72 EFL clubs lost money last season.
You have Sheffield Wednesday going into administration (the British version of bankruptcy) this year, you have the demise of Bury a few years ago, Leyton Orient and their drop out of the football league, Luton Town and their drop to League 1 after going all in to get to the Premier League a few years ago.
This is the issue when you expect an owner to directly fund a team, at some point they run out of liquid assets and either sell or the team plummets down the standings.
You wait and see how much it costs him when we get relegated to League One (3rd tier), it’ll be a £50m+ or cut your loses and liquidate Norfolk Holdings.
How deep explain to me why it matters to any of us where Marc, Anthony and the 14 other ownership interest in the Milwaukee Brewers spend their money?
Like it or not, Mark is the face of the ownership group. So that to me, at least means he deserves the brunt of questions and criticism.