- Mar 7, 2005
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As for the rest of your post, obviously I don't agree! Whilst spending vast amounts of money does not necessarily guarantee success, ie Liverpool under Dalgliesh,....... they were dumb! There is an exception to every rule!
Lewis and Levy are not dumb, and for the most part the model works particularly when the investors are as savvy as ENIC
I disagree with the notion that Levy would have asked AVB how much it would cost to win the PL, and that their estimate of that would determine how much money Lewis pumps into the club.
There is no answer or useful estimate one can make in order to answer the question you think may have been posed. There are simply too many variables to make any answer useful.
Instead I think year on year they'll try and improve the club by getting value for their investment in line with their eventual goal of selling us the higher bidder.
I think all this speculation about Lewis pumping money in to the club has come about because people think the spending this summer is difficult to explain otherwise.
In fact we've spent a net £35m on player, which is about what we spent in 07/08 , when our turnover was around £110m. Currently our turnover is around £180m and our wages about 50% of that.
For these reasons there is no need to imagine Lewis pumping money into the club in order to explain this summer's spending. If there's no reason too imagine that, then there is also no reason to imagine a meeting in which Lewis asks AVB how much money it would take to win the PL.