3 ms·

Private equity is also getting into professional American football. https://bleacherreport.com/articles/10122183-report-nfl-owners-establish-framework-to-allow

• screye 2y ago
  Chelsea FC the football club, was acquired by a PE firm in 2022. It's been a grand mess from day 1. All of PE's common failings are on display for the 100s of millions of premier league viewers. * Arrogantly uprooting working structures because PE knows better * Lack of domain knowledge means over reliance on flimsy statistics * a general sense of discomfort for every working member of the club * Optimisticly dumping money to exploit so called loopholes that somehow every other team had missed (they hadn't, the loopholes were double edged swords) * Destruction of legacy, eliminating the emotional aspect that keeps someone supporting a team. * Haphazard changes with large impact that get touted as reform, but come across as cluelessness. And this a *good* PE firm who is pouring money into an asset that is likely grow as the market grows. So not exactly a pclueless best. _____ I've supported Chelsea for 20 years now, and 2022-24 was the only time my love for it has diminished.