Attanasio interview on Radio Norfolk

[PurpleCanary 5,554]

There is not much that is new. That he is willing to increase his involvement - which presumably would mean boosting his investment - is hardly a surprise.

He said the talks with the club, which we know took place over months, were more like a dialogue than a negotiation. Which  does rather cut the ground from under the claim made by the club to the EDP that publishing the story would endanger negotiations that were at a critical stage. And that is leaving aside the fact that the club had already effectively broken the story by the parade of the seven.

The one point that struck me was how long it took the Brewers to start being successful after he bought them, which suggests he understands that progress can be slow and will not be expecting immediate results.

 

Edited November 14, 2022 by PurpleCanary

[Canary Jedi 573]

An encouraging interview. Clearly holding back as he’s respectful of current owners, but reading between the lines he wants to achieve the same level of success as with his baseball team.

[It's Character Forming 1,160]

It is encouraging generally although wikipedia says this FWIW 

 

In August 2022, it was announced that Attanasio would become a director of Norwich City Football Club. Attanasio received major backlash from Brewers fans for this move, as the move came just after Attanasio did not allow Brewers GM David Stearns to make any significant additions to the team at the trade deadline because of “budget constraints”. ^[12] It was reported that he would be purchasing an 18% stake in the club from Michael Foulger.^[13]

 

^{Are Baseball teams generally profitable in a similar way to NFL teams ?}

[daly 500]

Can’t see where this is going as Delia is passing on the majority shareholding to Tom Smith 

Same old Same old

[cambridgeshire canary 6,675]

5 minutes ago, It's Character Forming said:

It is encouraging generally although wikipedia says this FWIW 

 

In August 2022, it was announced that Attanasio would become a director of Norwich City Football Club. Attanasio received major backlash from Brewers fans for this move, as the move came just after Attanasio did not allow Brewers GM David Stearns to make any significant additions to the team at the trade deadline because of “budget constraints”. ^[12] It was reported that he would be purchasing an 18% stake in the club from Michael Foulger.^[13]

 

^{Are Baseball teams generally profitable in a similar way to NFL teams ?}

After some quick searching (so take this with a pinch of salt) the American baseball leuage is worth around 2 billion while the NFL is worth almost 10 billion.

 

Fair to say one of them seems more popular and lucrative than the other

[king canary 7,578]

16 minutes ago, It's Character Forming said:

It is encouraging generally although wikipedia says this FWIW 

 

In August 2022, it was announced that Attanasio would become a director of Norwich City Football Club. Attanasio received major backlash from Brewers fans for this move, as the move came just after Attanasio did not allow Brewers GM David Stearns to make any significant additions to the team at the trade deadline because of “budget constraints”. ^[12] It was reported that he would be purchasing an 18% stake in the club from Michael Foulger.^[13]

 

^{Are Baseball teams generally profitable in a similar way to NFL teams ?}

Baseball owners generally make money but I'd imagine short term there is probably still some negative affects from covid. 

[nutty nigel 7,509]

https://www.bbc.co.uk/sounds/play/p0dfrv3t

[PurpleCanary 5,554]

21 hours ago, It's Character Forming said:

It is encouraging generally although wikipedia says this FWIW 

 

In August 2022, it was announced that Attanasio would become a director of Norwich City Football Club. Attanasio received major backlash from Brewers fans for this move, as the move came just after Attanasio did not allow Brewers GM David Stearns to make any significant additions to the team at the trade deadline because of “budget constraints”. ^[12] It was reported that he would be purchasing an 18% stake in the club from Michael Foulger.^[13]

 

^{Are Baseball teams generally profitable in a similar way to NFL teams ?}

So far Attanasio has only spent £10m plus whatever the Foulger shares cost, plus possibly the cost of some smaller tranches of private-owned shares. Looking at a Brewers’ fans’ forum it seems no-one is sure what income the club has and whether it is falling or staying the same or rising. Being a private company it presumably doesn’t have to issue accounts.

I have no idea whether this has any relevance to Attanasio’s plans for Norwich City, but that David Stearns, who was one of the seven at Carrow Road in May, has just stepped down as head of baseball operations to move into an advisory role. This despite him being in his thirties.

 

Edited November 15, 2022 by PurpleCanary

[It's Character Forming 1,160]

1 minute ago, PurpleCanary said:

So far Attanasio has only spent £10m plus whatever the Foulger shares cost, plus possible the cost of some smaller tranches of private-owned shares. Looking at a Brewers’ fans’ forum it seems no-one is sure what income the club has and whether it is falling or staying the same or rising. Being a private company it presumably doesn’t have to issue accounts.

I have no idea whether this has any relevance to Attanasio’s plans for Norwich City, but that David Stearns, who was one of the seven at Carrow Road in May, has just stepped down as head of baseball operations to move into an advisory role. This despite him being in his thirties.

 

Thanks, I think the difference between football clubs and the NFL is that an NFL owner can expect to take out profit every season and would never normally need to put money into the club. Which always worries me that US owners coming to the UK expect it to be the same.  Sounds like baseball may be different.

 

Looking at Liverpool the numbers being banded around are that they bought the club for around £300m and they're looking to sell for £3bn plus, although whether they'll get a taker remains to be seen.  When you're into that sort of territory, the pool of potential buyers is pretty limited.

 

Also there's the question of whether the value of Premier League TV rights has finally peaked and if so, is there scope for the value of clubs to continue increasing ?

 

I can see someone looking at our club and thinking with some investment to get us into a solid Premier League position, they could have a realistic chance of making a good return on their investment.