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RE: The struggle to get it right
It is true, when you have a safety net, it is easier to recover after failing (multiple times). On the other hand, I wonder how many of the billionaires, enter a wealth-protection mode after they made their wealth, rather than taking on more risks. I'd say their risks are in many cases at least partially covered somehow, either because they use other people's money, or because they use non-public information that give them a leverage or because they go into 99.99% no-lose deals.
0.00043886 BEE
These billionaires that owned this football club have multiple businesses, and they tried running the club in a financial way to see if they can make quick cash, but they've made a lot of mistakes. I want to think they feel confident because of their other businesses and wealth. Perhaps they have some sort of insurance, but they pretty much feel confidence doing the garbage they're doing and it feels really crazy.
My comment didn't refer to these new owners of Chelsea FC, in particular, but more in general. I don't even know them. I knew (of) Abramovic before them. He may have links to Moscow, but likely did good things for Chelsea.
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