BarstoolProphet
Full Member
- Joined
- Aug 7, 2014
- Messages
- 7,213
Even if the Forbes valuation is undervalued, it would have to be ridiculously so to even take him to the level of Jim’s personal wealth, let alone Ineos.
It is a difficult discussion to have because it is easy to generalise, whereas everyone has their own reasonings. Personally I don’t really like any options, and definitely have reservations about Ineos’ ability to run a club, but it’s overshadowed by the state ownership question.
I can understand people being fine with Qatar and wanting that investment, it’s more the people in denial about state funding that bothers me. I was originally replying to someone who claimed that the concerns about the net wealth of his dad had been disproven, it’s just horse shit and mental gymnastics.
Why? Forbes have a specific set of criterias they use and someone who's high up in a GCC country, which are notoriously known for lack of financial disclosure, and someone who has been outed as having a fecktonne of shell comps spread around the world, will not have a realistic representation of his net worth from Forbes. AS FT allures to with "sources say it's many multiples of that". It's hard to disprove it firmly but what we do know is that there's a strong possibility that HBJ is worth around the same as Sir Jim by looking at his history, assets and possible investment involvements.
That being said, I don't think it necessary means state backing the investment capital-wise straight away, but they probably will be involved one way or the other due the brand name in question and their visions for the country.