From The Chronicle

[Young_Nudger]

Patrick said on a few occasions - and I heard him say it myself - “if you want to lose money, buy a football club”.
I can’t see PMG making vast amounts of money from Barnsley - but fingers crossed they will do.
Because if they sell the club for vast amounts - then obviously the club is worth vast amounts i.e. successful.

[SBRed48]

Patrick said on a few occasions - and I heard him say it myself - “if you want to lose money, buy a football club”.
I can’t see PMG making vast amounts of money from Barnsley - but fingers crossed they will do.
Because if they sell the club for vast amounts - then obviously the club is worth vast amounts i.e. successful.

After stripping OGC Nice of it's best players--the last one sold being St Maximim to Newcastle--Conway accumulated a transfer surplus of £41 million over two years.
Conway sold Nice to INEOS for £90 million. having bought it for £30 million.
The £60 million profit went to Conway and the £41 mii transfer surplus "disappeared" in creative accounting and paying off loans from a finance company linked to New City Capital.

Nice were left with very little and have now recovered under INEOS.