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Mar 19, 2021Liked by Joachim Klement

As a Manchester City fan I object to the association that being as a member of the Royal Family owns the club (along with a US Private Equity business - Silver Lake Partners (10%) and a Chinese Consortium (13%)) that it automatically is owned by the state, and being as this state is rich in oil then there is a direct connection between the spot price and player transfers. He makes his own investment decisions with HIS money, not the UAE's money. It's not a difficult concept to grasp, but so many do.

Correlation is not causation and vice versa. Seems like the people who did their research already had a theory and applied this to meet with their agenda. In the case of ownership above, is the argument that Silver Lake and CMC have no direct control over the price of oil that they are there for the free-ride and the spot price has to go up by at least 123% to make up the difference?

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