It looks like a high finance version of crowd funding to me, so that PC and his mates can play with other people's money, in order to acquire yet more unfortunate sport businesses.
This explains PC's latest raising of finance. It's more of the same basically. https://www.sportico.com/business/finance/2022/rays-owner-frankel-dodgers-friedman-1234661302/ Edit:The link has now changed to subscribers only but below is a screenshot of it
So let me get this right he’s valuing shares in numerous failing football clubs at 10 dollars per share? is he absolutely mental?
Probably gives some insight in to Conway’s actual investment levels. He needs to invest around £1m to initiate the fund raise. Makes you wonder why billionaire Paul Conway is raising £50m of investor money. Maybe Paul is a long way from a billionaire, but his pal Chien Lee has been his big supporter and financier.
Why do people just make things up because they don't like them? Paul Conway/ Grace Hung as PMG group were never the preserved wealth of the ownership. They are wealthy people by the looks of things in China with buying of content but not to that level. Chien Lee was seen as the wealth of the group may be along with Neerav Parekh. Chien been from the generation he was part of will likely never share anything with fans and it’s hard for anyone to expect him to do so because it goes against social expectation.
@Higgy You clearly have far more insight in to the personal wealth level of the owners of BFC investments than me. Could you point me to the information that you have based this on?