3 ms·
The moment external investors acquire ownership interests in FIFA competitions, football changes forever. Commercial return becomes a permanent obligation. Inve
by PaulRobinson 2mo ago
The moment external investors acquire ownership interests in FIFA competitions, football changes forever. Commercial return becomes a permanent obligation. Investor expectations become a daily pressure. From that moment onwards, every decision on the international calendar, every decision on competition formats and every decision shaping the future of football is no longer driven by what best serves the game, but by what best serves shareholders.
These words apply to any investment. It's worth considering as part of any business, including many of the businesses we're here to watch grow - the moment you have others involved as equity partners, the entire culture has to change. Do it consciously, or not at all.
- w10-1 2mo ago> Do it consciously Yes > These words apply to any investment [...] the entire culture has to change I think that's fatalistic. There are plenty of people and legal structures that limit the influence of investors to reasonable returns, most famously founders retaining control, or the public benefit corporation (like Veeva) or nonprofit (OpenAI as the counter-example showing how even structures are no guarantee). It's all part of setting up the systems to work with available people, within the business leader's ambit.
- tovej 2mo agoCo-ops or democracies are the only type of organization that has some resistance to power hungry conmen.