Yet some thought Burnley and Bournemouth, for example, were?Theoretically I think, yes..
But I would question what exactly would external investors see as a great appeal to acquire a partial shareholding in the club?
I cannot imagine Tony selling the majority stake to a 3rd party.. so who would want to come in as a minority shareholder to a business that has not historically recorded profits, this year aside, and whose only means to grow revenues, to combat rising costs is to keep selling players or hope for better Tv deals.. as those are the only meaningful items on the revenue side, season tickets + commercial revenues will not adjust that much..!
Sportswashing PetroStates aside, not many shrewd investors would look at this current model and think wow what an opportunity?
I suppose the important word there is shrewd.