>>11984410I've explained this before, but the Khans aren't as rich as people commonly think. Their wealth is in Flex n Gate which is worth billions but its a private company not a public one. They can't just liquidate shares easily.
Imagine being poor and then inheriting a statue worth 1 billion. You're now a billionaire on paper but you can't cut bits off it to pay the gas bill so actually you're still broke.
The Khans are absorbing major losses at Fulham and huge capital investment at Iguana.
They're not poor but ignoring AEW, they've gone through a billion dollars of their capital in the last few years. That's not equity, a billion dollars cash.
Nobody in the world including Musk is rich enough to do this long term.
Shad Khan was quoted a few years back to have a "can't take it with you" attitude to his wealth and it seems he's decided to lose a lot of it. That's fine but as I say, you can't do that indefinitely.
In the scheme of things, a ten million per year loss on AEW is small potatoes to the Khans - the running costs of his new yacht are $40m a year alone, but this burning through money is going to have to settle down.
Honestly, they should just sell Fulham. They'll get a few hundred million for it and it will stop being a gigantic money pit for them. They bought it when Tony was play acting as a sports analytics guy and now he's got new toys to play with, they don't need it.
