Then we shall agree to disagree.As someone who works as financial analyst and whose hobby is watching football... I cannot disagree with you more.
From financial side, sure he keeps his books balanced.
But the gambling part comes in play in terms of impact of this on footballing side of things.
He is gambling quite often with how he chooses to strenghten the side or moving on players - buying players on last hours of deadline day that has been his operating method quite often IS risk in its essence. There is less time to negotiate and more things are out of your control than usual.
Plus we have seen for number of times how he decides to bluff instead of playing it safe while selling deadwood players. While he has been good with selling HG players such as Carroll, Prichard etc he has often failed with maximizing gain for overseas players (N'ije, N'Koudou, Janssen, Soldado etc). Many times he has overplayed his hand and as a result of that we have been stuck with paying wages to useless player who has no place in the squad and who is not trusted by the manager.
It's really two entirely different worlds from a financial viewpoint. One is being under a constant pressure from both supporters and club ambition to sell and buy players during a transfer window and determining what time is best to do so. Gambling is making an unforced financial risk that could either bring rich rewards or lose your entire stake.
I understand your viewpoint from an investment angle but I believe buying/selling risk and reward decision making to be completely different from gambling in its purest form.
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