Well that was certainly the strangest time of my life: uncovering the truth about the fraudster who took Sven and Sol to Notts County. Do have a listen; Ben and Alice have done a great job. #nottsbbc.co.uk/sounds/play/p0…
There was plenty more than the podcast covers, mind. Like the attempt to take over a formula-one team (Sauber), which was blocked after I had Bernie Ecclestone on the phone to tell him all about King’s intentions.
And I can’t let it go without saying the worst part of the podcast is hearing the posh prick Paul Fallon chuckling his way through his tales of King’s frauds he helped facilitate. Fallon was later struck off as a lawyer for being a lying bastard.
Were it not for his despicable, mercenary, mendacious legal letters to The Guardian’s submissive legal department, I’d have got the truth out there a lot sooner. Still, I was able to give the unvarnished truth to Sven, the EFL and F1.
The podcast ends with what happened next to the story’s key figures. What happened to me was that I had what I think was a nervous breakdown. Running that investigation alongside my column without a minute’s sleep because of of my noisy newborn was murder. Fuck Fallon. Fuck King.
Still, it’s a tale to tell.
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Now who’ll buy Chelsea? Someone with deep pockets, obvs. Last year they won the Champions League, boosting revenues relative to everyone else’s when costs were reduced by lockdowns. Chelsea made £76.3m in operating cash flow. Tidy.
Operating CF is the money a club generates after it’s fixed costs like wages, utility bills, insurance etc. If a club is run without subsidy, it’s what transfers, sacking managers. debt service and repayments and and stadium/training ground improvements must come out of.
Easily done if you make £76.3m a year. Except Chelsea don’t. Across the previous five years, Chelsea’s net operating cash flow was £7.8m. Or £1.6m a season. So if you’re a billionaire looking for a club, knowing Chelsea fans’ appetite for big-ticket signings, would you buy them?