So Saudi Arabia invest billions into Clearlake Capital, the majority owner of Chelsea.
Then Chelsea spend £650million on transfers, putting them in the red with FFP.
Then Chelsea sell all of their deadwood to Saudi Arabia at extortionate prices to avoid FFP.
And this is fine?
Bernardo, scorer of 2 against Madrid, cost £43M. A year after United got Pogba for £90M
Akanji, scorer of the 3rd, cost £15M. 3 years after paying £80M for Maguire
Alvarez, 4th scorer, cost £17M. 7 years after paying £52M for Martial
It's not about money, it's how you spend it
🧵 Why US banks are failing 🧵
US banks were provided with interest free money by the US Govt / FED for years to prop up the stock markets and to buy Govt bonds. The undocumented rule is that those banks which buy more Govt bonds get preferential treatment to access free money.