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What do you do when the math doesn't math?
I'm not a banker but in 15 years of looking at financial statements as the primary part of my job I like to think I have learned a little.
City AM ran an article saying the IPO of Eagle Football for $2bn was now imminent. Great, it would be nice to see the clubs well capitalised and ready to thrive but the more I look at it the harder to make sense of it.
I run through it topline here, considering, revenues, multiple, debt, relegation etc.
Then - excluded in the video - comes timing. Regardless of the economics you need good timing and while SPACs are making a resurgence in the public markets we are not seeing many IPOs.
So what am I missing?
#sportsbiz #sports #football #finance #investment
What do you do when the math doesn't math?
I'm not a banker but in 15 years of looking at financial statements as the primary part of my job I like to think I have learned a little.
City AM ran an article saying the IPO of Eagle Football for $2bn was now imminent. Great, it would be nice to see the clubs well capitalised and ready to thrive but the more I look at it the harder to make sense of it.
I run through it topline here, considering, revenues, multiple, debt, relegation etc.
Then - excluded in the video - comes timing. Regardless of the economics you need good timing and while SPACs are making a resurgence in the public markets we are not seeing many IPOs.
So what am I missing?
#sportsbiz #sports #football #finance #investment
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