Originally Posted by
JoesphNdo
For sure, but sadly that isn't how they'd look at it, though, since that appreciation would have happened even if they didn't flush money down the toilet. They've made money on TFC, no doubt, but they've lost a fortune on their investment in the playing squad (Since, again, the appreciation would have happened anyway) and other owners, as we've seen in the league, would be more likely to pocket the appreciation and not invest in the team. There's some exceptions to that, but we have to acknowledge that MLSE are the absolute top owners in the league in terms of their willingness to throw money at the first team without ROI, that isn't nothing and is not something we could just expect any other owners to replicate
It's like if your house tripled in value because you bought it in a rapidly appreciating neighbourhood but you spent a fortune installing a gold toilet that doesn't work. You're up on the investment overall, but you threw money away on that gold toilet and you'd look at it as such
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