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Private equity is also getting into professional American football.

https://bleacherreport.com/articles/10122183-report-nfl-owne...



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.




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