Brain TraysersNamelessBrain Traysers I really wonder what is in it for the current owners.
I guess when you are so ridiculously wealthy that it doesn't matter then you can do stuff that doesn't make financial sense. Perhaps Dai Yongge is one of these compulsive business men who just likes taking on a challenge much like some of us might do a Sudoku. He has the kudos of owning an English football club, the possibility of owning a Premiership football club and not much of a downside.
Whether there is anything shady the ownership (in terms of extracting money from China) seems unlikely as I understand the Chinese have clamped down on it, but who knows whether there is an 'angle'. With the Russians it didn't take much to find dodgy connections, the Thai's seemed to be looking for an entry into wider UK business but the Chinese seem to be what they seem to be so far....
There was a political angle a few years ago, President Xi is a known soccer fan and really wants to grow the sport in China. Wave one of that was Chinese ownership of foreign clubs, and big spending to bring top talents to the Chinese league but as you referred to that contradicted the stricter controls on capital outflows. Indeed that wave of ownership and spending seems to be drying up.
With a cynical hat on, if it was an investment purely to curry political favour, and President Xi's appetite for such deals has shrunk, whats in it for the Dai's now beyond annual losses of £20m+?
All football club owners are mad, seriously. So few actually make money, and they cop so much grief.
But so far, the Dai's, for me, are doing all the right things. They can't pump money into the players, but they are still pushing money into the things that FFP discounts - Bearwood & the Academy are obvious ones - but saw a tweet from one of the grounds people showing the Mad Stad pitch getting renovated. We're not liable to get wound up because we can't pay a tax bill (as long as the Dais don't suddenly see sense, and take to burning £20 notes as a hobby instead).
BTW, I'm assuming that stuff like Bearwood is going to be in the accounts, as filed at Company House - but that isn't going to be the version used for FFP checking presumably?