So the short answer is 55% of revenue, because that's what League 2 allows
@Charliemc2702 Жыл бұрын
Is their an upper limit on this because surely they'll be matching most championship sides revenue wise
@gavinhirst3136 Жыл бұрын
@@Charliemc2702 I don't believe so, just 55% of revenue generated, I'm not sure how any funds from the owners are regulated
@mark.6639 Жыл бұрын
Ye
@thatontariofarmer Жыл бұрын
Which is a sizeable amount given their global reach. Meaning other league 2 teams are going to b*tch and moan even though it would be "different " if it was their club
@geronimo825 Жыл бұрын
Our last accounts are reported to be over 20 million. We can spent 55% of that turnover on wages. Player purchases aren’t necessarily included in that and neither is any money put into the club by investors, including the owners, as long as it isn’t given as a loan. In short we can spend over 10 million on wages. Bolton Wanderers last accounts showed a turnover of around 14 million for comparison. We don’t have any worries regarding spending rules or the ability to raise money to spend. Every game will be sold out next season… every game. We will also play a part in filling stadiums wherever we travel this coming season. It’s good for all.
@TheJamminah Жыл бұрын
Don’t let this video hide the fact that Joe Devine thinks the Wrexham stadium is a racehorse
@-The-G- Жыл бұрын
😂😂 I thought I was trippin😂
@mark.6639 Жыл бұрын
😂
@jonnovember2136 Жыл бұрын
What a waste of money!😂
@fisheatsyourhead Жыл бұрын
It's a very big horse
@meowwww9275 Жыл бұрын
He's had too much grape tea again.
@loganadams1205 Жыл бұрын
Glad you’re using this style again🗣
@jezusmylord Жыл бұрын
its crazy that 4/5th tier football clubs operate in milions to be honest, english football is crazy
@pabloenrikay Жыл бұрын
Those tiers here in the States.. make maybe a few thousand a month. 😂 Less then 50K a year. And I think I’m being generous.
@jayer. Жыл бұрын
Inflated with money is what they are
@ekvedrek Жыл бұрын
We don't divide the pyramid until the 6th tier so the 100th best team in England would be a National League playoff side
@thehellyousay Жыл бұрын
The talent pool for real football utterly dwarfs that of virtually all other sports combined, thus the athletic skill and talent spills over much further down the tiers of its associations' leagues than it does in every other professional sports association league tier system, hence the money involved is also that much greater. Something to do with it being the most popular sport on the planet, or some such thing ...
@Eibarwoman Жыл бұрын
@atkascha Remove the existence of B teams and the third tier of Spain likely has much larger income disparities between a yo-yo relegation candidate like La Nucia and your Castellon (capacity of 15,500) or more well funded teams like Amorebieta which is sponsored by a multinational steel company in Sidenor.
@joefarmer9976 Жыл бұрын
Nice summary going off the information that you have access to. I can't wait to hear the equivalent explanation by Humphrey and Sean Harvey at some point. They've played it and planned it so well. With the timing of the sponsor and advertising contracts ending and the documentary, along with the fact they did secure promotion. And now that they're in the NL and are in charge of their own streaming packages, that side will also grow. Not a Wrexham fan, but enjoying watching something being done very well from afar and looking forward to seeing what they can achieve.
@sparktraining Жыл бұрын
The Racehorse Ground 17/07/23 - 17/07/23 GBNF
@mkkm945 Жыл бұрын
Don't think they will need a further investor any time soon. The key will be to stay in L2 at least (promotion is the dream scenario) and bolster their revenues. Attendance/ticket sales will rise once the new stand is opened in 24/25. Keeping L2 status allows them to surge forward financially.
@thundabolt78672 ай бұрын
Well I dont know if this aged poorley or amazingly
@mkkm9452 ай бұрын
@@thundabolt7867 I did say L2 at least. L1 is better. I'm pleasantly surprised how well they're doing
@davidmiddleton6479 Жыл бұрын
Actually, the revenues are now around the $20m pound level. That allows for over 11m in wages. Only one big signing and the foster contract will leave them plenty in the bank for the January window. Expect them to reinforce with a big signing.
@namkun78 Жыл бұрын
@EverGameStudios I read somewhere and I think it's officially announced by the club. It was the turnover of 20M not revenues .
@DanielRoberts420 Жыл бұрын
We also signed a CB from the championship already. I think it was a free transfer but more to come for sure. It's going to be a good season for us Wrexham fans
@professormcgorgeous Жыл бұрын
The Racehorse Ground - What a mare you've had Joe 😂😂
@areebsiddiqui758 Жыл бұрын
Mare 🤣 good one
@ianmacfarlane1241 Жыл бұрын
Bit pathetic taking the first video down - doesn't seem like Tifo producers have a sense of humour.
@_resource-guy1878 Жыл бұрын
Can you make a video about the rivalry of Brighton owner Tony Bloom and Brentford owner Matthew Bentham
@pascallovic Жыл бұрын
Answer to the question in the title. 'We don't have a clue.'
@RekhaMishra-n2t Жыл бұрын
i find it ironic how if any owners put many into signings, the opposition fans cry "oh look their owners are splashing money" but then they cry if their own owners aren't spending much. Look at United, they cry about how much City spends, but then they also accuse the Glazers for not doing the same
@bayjrid01105 ай бұрын
It's pure self interest, where is the irony?
@nathanm5594 Жыл бұрын
1.2 mil at NL is insanity! Amazed we (Grimsby) done em over the year before last
@M4NA5 Жыл бұрын
Enough to ask Tifo to reupload the video.
@KameeGaming Жыл бұрын
@yeatizzdagoatJoe (narrator) kept calling their stadium Racehorse instead of racecourse 😂😂
@palacefan4286 Жыл бұрын
@yeatizzdagoatbit like your grammar mate 🤣
@palacefan4286 Жыл бұрын
@SquidwardCommunityCollege lmao u deleted ur reply 🤣🤣
@Djevepwvelsvwdbke Жыл бұрын
@@palacefan4286tf did Squidward say
@OsamaRaoPK Жыл бұрын
Its interesting you bring up other investors. It seems they do have that power since they and some other celebs, just bought a share in the Alpine F1 team. I'm sure they can convince other Hollywood folks to join.
@Admire Жыл бұрын
Im surprised that they "only" got 1 million from sponsors with the kind of sponsor names they have
@Heathen.Deity. Жыл бұрын
I think there’s a sponsorship comparison element for the league they’re in. Given some of these sponsors are Ryan’s own companies (or at least he’s a part-owner), they can’t have over inflated sponsorship deals, otherwise it could be seen as skirting the rules surrounding an owner just pumping as much cash into the club as they like. For example, Man City have been in hot water over some of the club’s sponsors (also owned by the City owners) over-inflating the sponsorship sums they’re giving to the club, compared with other like-for-like deals towards the top of the EPL.
@gaul849 Жыл бұрын
If a club has a owner that will pay for the financial losses then it won't be the worst thing but it can be a problem too.
@timekeeper5806 ай бұрын
United Airlines, Gatorade, HP and Vista Print jump in the conversation
@residentgrigo47014 ай бұрын
Also Ally Financial for the Women.
@ParadiseTourGuy Жыл бұрын
Such great reporting, considering in May 2023 it was reported Wrexham made well over 9 million pounds just off the documentary. These numbers are laughably outdated.
@AdamOBrien29 Жыл бұрын
They're just gaining mass
@C-OBrien Жыл бұрын
Cultivating it, if you will
@vicvinegar4540 Жыл бұрын
@@C-OBrienI need to start harvesting mass
@HeadCannon197 ай бұрын
The fact that I got an ad for the Wrexham docuseries right before this video...
@fault. Жыл бұрын
Why’d u reupload twice now?
@zuesnastrio3062 Жыл бұрын
They deleted the last one. I don't think they meant it
@John...44... Жыл бұрын
It's wierd that owners would charge interest on their loan which is higher than the bas rate. Just taking profit out the club. I know then need to earn money from their investment, but surely growing the club is the best way to do that
@shawngillogly6873 Жыл бұрын
You mean they haven't poured money into the club in excess of that 45k? Hmm. Without that investment the club would still be circling the drain. The grounds was never going to be updated by the city. They've also invested in the community around the grounds. So please don't recycle Glazer rhetoric as if they aren't managing the club for both short and long term growth.
@airking2883 Жыл бұрын
The base rate is set by bank of England,this rate only applies to other banks.commercial interest are much higher.also providing loan instead of straight up cash infusion ensures that their investment can be recouped even when they bring new investors.
@dscott6629 Жыл бұрын
This is, in all likelihood, just a bridging loan (aka construction loan) to get the stadium up to the new standard. When completed the club will refinance and pay out the owners' original loan.
@craigdawsonmate2517 Жыл бұрын
Paul Mullin Balon D’Or winner 2024
@rizguy Жыл бұрын
i see no lies 😂
@shinnick22 Жыл бұрын
He's f*cking dynamite
@scottcassidy982 Жыл бұрын
Rough translation.... They bought the league and now wanting to buy league 2
@Drvol1 Жыл бұрын
They should go after a big player born in Wrexham. Neco Williams, Harry Wilson, Tom Lawrence etc
@mrgraham5521 Жыл бұрын
That is a wonderful idea. Really, I think that would be exciting and extremely satisfying for the area and, of course, for the people all around there. Thank you for the thought. I really hope someone will make that happen!!!
@mmclaurin80357 ай бұрын
It's not the money that will allow R&R to boost Wrexham faster and higher than normal, it's the prestige and exposure a player would gain playing for them.
@theducklord6125 Жыл бұрын
The thumbnail got Ryan Reynolds looking like a mix of Ryan gosling and Frank Lampard
@thebadgerimpaler Жыл бұрын
What's the average wage bill in league 2?
@jamesgolightly5320 Жыл бұрын
1/5th of what Wrexham’s will be
@kingkwam3816 Жыл бұрын
So when can I expect Wrexham to win the Champions League?
@BongDiggidee Жыл бұрын
In the year 2031 it shall be Newcastle United v Wrexham F.C in the final of European Cup.
@deeznoots6241 Жыл бұрын
Never lmao
@Mika-nd9qx Жыл бұрын
Normally i hate these kinda clubs like Wrexham where just some rich people come in and uy ssuccess But they seem rly comunity orinated and make smart and fun transfers so i dont mind it as much
@jpw5029 Жыл бұрын
City owners do far more for the local community, how u feel about them?
@MrAce86Productions Жыл бұрын
i would suggest that you learn football history. many clubs man utd, notts county have had new rich owners investing in the clubs to make it a success so don't spout your rubbish. historically, every club has had a rich owner putting money in the team but club goes downhill once they leave
@briton3851 Жыл бұрын
@@jpw5029no they don’t lmao🤣
@briton3851 Жыл бұрын
@@MrAce86Productionswaffle
@vlsui66 Жыл бұрын
@@jpw5029they don't. Plus Greater Manchester is perfectly fine with or without man city, Wrexham's impact on its town has been bigger
@ItsJesssee Жыл бұрын
Legends know this is a reupload
@fault. Жыл бұрын
Two times
@StoutProper Жыл бұрын
What was the issue?
@stevenlynch33 Жыл бұрын
@@StoutProperjoe says the racehorse instead of the racecourse
@RamazanUmut-pf6nd6 ай бұрын
Dosto, suno! 10 May ko 4ra ka next lottery hai. May 3rd ka toh maza hi alag tha, phir se chance hai bada inaam jeetne ka. Fatafat REGISTER karo!
@nikesh9157 Жыл бұрын
Thumbnail art got better
@jackmathieson1903 Жыл бұрын
I dont understand why they get hate just hecause they have money after all they've been through in the last 15 years.
@somethingcleverhere Жыл бұрын
Do they get much hate? I haven't seen it, but I personally appreciate an acknowledgment of the smart business that it is. It's not like teams and fans and "all they've been through" isn't a common story.
@jackmathieson1903 Жыл бұрын
@@somethingcleverhere of course not but it looked like the club was going to cease to exist 12 years ago. People treat Wrexham like Salford City despite th being one of the oldest clubs in the world.
@robert2690 Жыл бұрын
@@jackmathieson1903 So because a team is one of the oldest teams means they deserve more success than other clubs? Sounds very entitled. No one deserves it more than others, you earn it like everyone else. It’s all fair game
@jackmathieson1903 Жыл бұрын
@@robert2690 they deserve a bit of respect is what I'm saying. Also, yes the oldest clubs should be preserved and the fans deserve football league.
@nas84payne Жыл бұрын
Clubs like Wrexham and their success really aren’t fairytale stories given the spending involved.
@ruddyalmanzar7430 Жыл бұрын
They are, not everyday 2 millionaries owners that are also Hollywood actors buy a 5th division club. I mean, just imagine what would it mean for wrexham fans to reach the premier league.
@vynncenttryllian9959 Жыл бұрын
This take is so tired...
@Sin_Brings_Death Жыл бұрын
"Clubs like Wrexham and their success really aren't fairytale stories given the spending involved." I can see that. However, what's amazing is to see a team like Wrexham FC bounce back by having terrific owners. Spending is a big part of it, but they've done nearly everything right. That's the Fairytale. There are many stories of new owners buying a club and splashing cash everywhere and failing. Rob and Ryan have been very reserved and smart about what they've spent vs what they could have spent. Every fan wishes their team had owners like Rob and Ryan.
@nameanteater4772 Жыл бұрын
it’s not a fairytale story, it’s like winning the lottery and starting a business, then calling it a miracle when your business does way better than someone else’s who puts way less money into it
@saki1333 Жыл бұрын
Luton then
@robp2545 Жыл бұрын
Six minutes to say you don't know. If you want numbers for last year's turnover then the CEO did let them slip ahead of the accounts being published. I'll let you do your own research on that. I think you need the practice.
@PaddyPower_IRL Жыл бұрын
With all the estimates and best guesses in this video you never used the most realistic new figure available. Wrexham CEO has stated that the revenue has grown from 7million to 20million.
@CoysRamirez Жыл бұрын
that wasn't revenue. That was turnover
@PaddyPower_IRL Жыл бұрын
@@CoysRamirez Most people use the term Revenue / Turnover interchangeably. the context in which the comment was being made, they are one and the same.
@jameshumphreys9715 Жыл бұрын
Money needs to go on to update the race course.
@keynesianeconomics4113 Жыл бұрын
They're building a new stand as we speak.
@kencombine1694 Жыл бұрын
Hey I was watching that
@TheTheguywithnovideo Жыл бұрын
Why’s Ryan gosling on the thumb nail instead of Ryan Reynolds?
@faketaxiofficialchannel Жыл бұрын
why did the previous video get deleted?
@RowdyUpInHere Жыл бұрын
They can easily attract more investment. United airlines and gieko insurance have recently joined
@_Football_Explained Жыл бұрын
Its interesting you bring up other investors.👍👍👍👍
@YaseminNihal6 ай бұрын
Yaar, har IPL bet pe 4ra mein points milte hai, prizes jaise ki iPads aur aur bhi bahut kuch jeetne ka chance! PARTICIPATE karo abhi!
@jasonschommer2511 Жыл бұрын
Being from the USA how many leagues are there in the United Kingdom is it 4
@jldch26 Жыл бұрын
U.K.? That's 4 different countries, all with their own league structure. So a lot. In England top 4 leagues (92 clubs) are you can argue top professional leagues. Below them is a mix of professional with semi & amateur and that goes down from 5 to 11 levels I think. And then there's even more below that.
@jldch26 Жыл бұрын
Not including local rec leagues that are outside the pyramid.
@ErhanRumeysa6 ай бұрын
📢🛍️ Can't wait to spend my points in the 4ra store! Already eyeing that merch set. PARTICIPATE more, win more! 🧢👕
@scooterkicks7974 Жыл бұрын
Where did the racehorse go?!
@benmitchell3463 Жыл бұрын
literally just finished watching the first upload, anyone know what was wrong with it?
@EcOrdinary Жыл бұрын
They said Racehorse instead of Racecourse..
@risvymahi31187 ай бұрын
Need a new video on "how much wrexham can actually spend" after their promotion to league 1 ....
@pintas77 Жыл бұрын
love the channel but can we get the prices in euro or usd also?
@jimmychoppa1997 Жыл бұрын
Just use google to convert it mate
@angryroy6277 Жыл бұрын
It sounds like I'm listening to you speak through a subwoofer.
@noobgonebad9860 Жыл бұрын
Finally a wrexham video
@jamesgolightly5320 Жыл бұрын
I’m sick of them 😡
@eL-RaL Жыл бұрын
@@jamesgolightly5320why
@20thCenturyPox Жыл бұрын
Interest on the loan from the owners? Hmmmmm
@CaglaCagdas-fj2eg6 ай бұрын
4ra ke IPL REWARDS mein ho raha hai bawaal! Har kadam pe points banao aur dhamakedar prizes jeeto. Khelo aur jeeto, bas yahi hai mantra!
@deletebilderberg Жыл бұрын
Wrexham are a train crash waiting to happen. In the mean time kindly refrain from making any comparison with the mighty Hatters. We didn’t spend unsustainably our way to the Premier League. Thanks.
@VolkanKadir6 ай бұрын
IPL REWARDS se 4ra IPL ko aur bhi mazedaar banaya hai! Points jeeto, games khelo, prizes jeeto!
@furruu69 Жыл бұрын
POG innit bruv fam
@SuperYannick63 Жыл бұрын
New upload 😂
@abeining Жыл бұрын
Great video and the graphics are 💋🤌
@Mr00himself Жыл бұрын
First but Ryan Reynolds’s finna make Wrexham ball (hopefully)
@vinaydawar9247 Жыл бұрын
Thumbnail looks more like ryan gosling
@Antonio-hb8rd Жыл бұрын
"A figure also reported by the Athletic" lmao
@Elayaass Жыл бұрын
I've heard some people say some ridiculous things about Wrexham's money. As succesful and rich as Rob and Ryan are no where near to the money the big owners have, not to mention the Saudi and Qatari buying everything there is
@currymanjunior3603 Жыл бұрын
Your comparing them to prem teams that's why. Compare Wrexham to their actual competition like Notts County and you will find that the financial gap is very large.
@airking2883 Жыл бұрын
That comparison is just stupid, you should look at their direct competition and see how big of a financial difference there is.ofcourse I am not saying it's wrong,you'd obviously want to promote as fast as possible.
@StoutProper Жыл бұрын
Wonder what the Saudis have got against Wrexham?
@WOOOPdoctorFROGhere Жыл бұрын
happy that Wrexham are finding success but can the cameras PLEASE. STOP. FIXATING on Ryan Reynolds every time they score or concede. It isn't about him! Show the players. It's worse than when England are playing and the camera are constantly zooming in on Beckham in the crowd, like anybody is arsed about his reaction.
@thatboyUPS Жыл бұрын
video finally came out after accident post lol
@Omar_Little Жыл бұрын
Why are you not uploading the podcast audio to youtube? Please upload it here. Even if there's no video, just upload the audio. KZbin is how I listen to most podcasts, and it's the way I get notifications for yours. You are undoubtedly losing a lot of listeners by not uploading here too.
@Live.Laugh.Lobotomy Жыл бұрын
probably have a deal with wherever they put it
@Live.Laugh.Lobotomy Жыл бұрын
it might have ended actually
@DimmyV Жыл бұрын
Looking for Ryan in the comments 👀
@YaseminNihal6 ай бұрын
BMW X3 jeetne ka sapna hai? Toh 10 May ko 4ra lottery mein participate karo aur jeetne ka mauka pakdo! Mat socho, bas karo!
@Tomwithnonumbers Жыл бұрын
Here before the video was taken down and reuploaded club
@honestarsenalfan7038 Жыл бұрын
wait what does disneyfication mean?
@somethingcleverhere Жыл бұрын
I thought that was a bit much--but I take it as a general comment on the aggressive marketing/commodification of the brand. Like how the doc is a doc but also clearly a commercial, the story is underdog--for an on the bubble of promotion team before the buy-in by well resourced glamours backers, etc... The fairy tale is the story (and maybe reality), but it's a well-researched investment is also reality. And that came first.
@SteezyKyung Жыл бұрын
People think it’ll turn into another Man City situation, in League 2😂
@deadboygaming_8 ай бұрын
Marvel gone become a sponsor for them
@NilayEmrah6 ай бұрын
Abhi register karo 4ra ke agle lottery ke liye! IPL action ka hissa bano. Har game count karo, points jeeto, aur bade prizes uthao!
@d.b.cooper1 Жыл бұрын
Wow didn’t expect that 7.25% interest rate from the owners that’s robbery. Even greedy owners in the PL haven’t rinsed it that much.
@aliali-ce3yf Жыл бұрын
2 dolla bills
@evanmurphey Жыл бұрын
People act like every other team isn’t trying to get promoted every year, they’ll be lucky to be in the championship by 2030
@rwalker0130 Жыл бұрын
plenty of other teams are making terrible decisions or are happy right where they are for now smh. Wrexham will get promoted again this season and I would not expect it to take 6 more years to make the Championship. From there to the Prem tho, now thats a different story.
@bobstephens5599 Жыл бұрын
Why would they negotiate such a high interest rate on that £3.7m loan? You'd think they'd just make it 1% or something.
@crosser985 Жыл бұрын
When they eventually sell the club they can get the money back plus years worth of high interest
@ErhanRumeysa6 ай бұрын
IPL REWARDS ke chakkar mei padho! 4RA ke IPL Rewards mei PARTICIPATE karo. Points batoro aur dhamakedar prizes jeetne ka mauka pakdo!
@SnapshotPT Жыл бұрын
just sportswashing
@ianmacfarlane1241 Жыл бұрын
Can't believe they took down the first video because of a minor slip. Given that there were a number of people who'd already commented it's a poor show.
@thztan7492 Жыл бұрын
What is the diffrence/revision?
@Wilsy1808 Жыл бұрын
@@thztan7492The “Racecourse Ground” was known as the “Racehorse Ground”
@robovac3557 Жыл бұрын
Get outta here with your poor showing. People have little to be at moaning about such things.
@lkking73 Жыл бұрын
Who cares? They wanted to re-upload it with the correct name out of respect for the club.
@thztan7492 Жыл бұрын
@@Wilsy1808 oh ok
@chat-dmt Жыл бұрын
Nay
@pghewrexham2704 Жыл бұрын
Super super super town
@zacoliver7598 Жыл бұрын
As some one who worked there during 2022 i can safely say staff wages did not go up unless you were in the offices with the CEO.
@jujitsujuice9651 Жыл бұрын
Why would they go up?
@Hugh_Mungus_Johnson Жыл бұрын
Are you on the pitch contributing to their success??? LMAO
@rossoneri1768 Жыл бұрын
ryan reynolds is sweet and wholesome . he is cute.
@YaseminNihal6 ай бұрын
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@pants35 Жыл бұрын
I moved to the states and every moron is saying that Ryan Reynolds will win them the Prem. They're so annoying
@MuslimKoray6 ай бұрын
PARTICIPATE in every IPL match and earn points for cool prizes! 🏏💪 I’m all set for the next 4 RABBIT lottery!
@NazanAhmet6 ай бұрын
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@mrXOwarrior Жыл бұрын
Define Disneyfication?
@bluesmachine1006 Жыл бұрын
We’re not doing a Man City. All the money is from sponsorships of which there are loads now, and huge worldwide sponsors too. Merch sales are through the roof. 3rd kit is on sale in 24 minutes - go try buying one 😂 R&R loaned the club money to upgrade various aspects and we’ve got the council and businesses chipping in to redevelop the KOP. Plus international revenue is through the roof. We’re doing great cariad 😛
@Indycityc Жыл бұрын
Keep city out your mouth
@T.E.S.S. Жыл бұрын
Have people been nagging you to reupload this one?
@canae7785 Жыл бұрын
English teams spend Qatari money as if they were giving it away (they do) They don't worry about how much they will spend, only leagues with financial fair play do that (not the premier league).
@TheApocalypse9 Жыл бұрын
Qatar doesn’t own any English team so how are they taking money from them?
@ayoutubechannel7143 Жыл бұрын
back with the horrible 5fps style..
@jonathangasana Жыл бұрын
Tifo do a video on Man United getting fined for FFP violations. And if they’re getting relegated.
@user-qx8vo8dz2w Жыл бұрын
You mean man city?
@benedictjajo Жыл бұрын
Lmao if tifo makes a video every time a team breaks the ffp, it will take forever to complete the man City ffp violation video.
@airking2883 Жыл бұрын
It's going to be a slap in the wrist anyways
@vlsui66 Жыл бұрын
Cough cough....man city...cough cough
@saqib7965 Жыл бұрын
Man city are cheats
@gejamugamlatsoomanam7716 Жыл бұрын
They can buy mbappe
@Akuonyeonu Жыл бұрын
If I were Rob and Ryan I will be looking for a way to tap up some Saudi sluch funds 😎
@Bryan-fb8dh Жыл бұрын
Ryan is a low key billionaire, so in truth.... they can spend whatever they want. They seem to be spending 2 years forward which is smart. So more than most but wisely.