Can John W Henry really save Liverpool FC – MoneyWeek

Actually,thebigdifferencebetweenHenryandhisdetestedpredecessorsisthathesagenuinesportsfan,saystheFT。

RaisedonafarminArkansas,hespenthischildhoodcalculatingbaseballpercentages。

Althoughquietandreserved,hehasarebelliousstreak,droppingoutofaphilosophydegreetoplayinrockbandsandtryhishandatblackjackinLasVegas(hewassoonevictedforcountingcards)。

Henryputhisinnatemathematicalprowesstobetteruseonthefamilyfarm,hedgingthecommoditymarkets。

Ijustseemedtodofairlywelltradingbytheseatofmypants。

Overthenextfiveyearsherefinedadispassionatetrends-basedsystemforplayingthemarketsand,in1981,launchedhismanagedfutureshedgefund,JWH。

Havingrisentorichesbyfunnellingachildhoodloveofbaseballstatistics,hethensetaboutusinghismoneytoreturntobaseball。

Whenhedge-fundersrecallthepioneersandtheperformersoftheirindustry,Henrysnamestillresonates,notesSeekingAlpha。

com。

Overaquarterofacentury,hislong-termmovesinbondandcommoditymarketsmadehisinvestors$1。

6bn。

Butitwasoftenawhite-knuckleride。

HasthecurseoftheBambinobeentransferredfromtheSoxtotheirowner?

askedaBusinessWeekheadlinein2007,afteraseriesofdouble-digitlosses。

YetJWHcameoutofthesubsequentcrashinbettershapethanmanyofitspeers。

Aninvestingsawgoeslikethis:BuyHenrywhenhesdown20%andbuysomemorewhenhesdown40%,becausetheresanewhighcoming。

ThatscertainlysomethingforLiverpoolfanstoponder。

WhattheRedSoxsaviourhastodonow

TomHicksandGeorgeGillettwereaboutleverage。

Weareaboutwinning,boastedHenryspartneratNewEnglandSportsVentures,TomWerner,soonaftertheLiverpooldealwasfinalised。

Itwasabadomen,then,thatthenextgame–alocalderbyagainstEverton–wassuchadismalperformance,saysRichardWilliamsinTheGuardian。

FanshadbeenbuoyedbythetalkoftheRedSoxsaviour。

ButtheoptimismprovednomoresubstantialthanthedawnmistontheMersey。

Theclub,languishingatthebottomofthePremiership,remainsinrealtroubleonthepitch。

Likeotherfootballfans,Liverpudliansarefamousforbarfights,urinatinginpublic,andfrequentingbrothels–justliketheirplayers,saystheMiamiNewTimes。

Howwillsuchabunchofhooligans…reacttoanotherdamnYankoverlord?

Unlesshetreadscarefully,Henrycouldbeinforadeeplyunpleasanttime。

YethecomesatLiverpoolsproblemwithanastonishingbench,saystheFT。

FellowinvestorsincludeJeffreyVinik,formermanagerofFidelitysgargantuanMagellanFund;andhecanalsodeploytheworldsmostinfluentialbusinessacademic,MichaelPorter,hisstrategyadvisorattheRedSox。

HenrymightnothaveanAbramovich-sizedwallet,buthehasshownclear-eyed,savvymanagementinBoston,plusarespectfortradition。

IfanyonecanputLiverpoolbackontheirpedestal,itmaybeJohnHenry。

HenryhasalreadywonplauditsforreducingLiverpoolsdebtservicingburdenfrom£25mayearto£2m-£3m。

Butthereremainplentyofpressingchallenges,observesTheNewYorkTimes–notleast,dealingwithMessrsHicksandGillett。

Insistingtheyrethevictimsofanepicswindleandorganisedconspiracy,theyhavevowedtofightonwithalltheirlegalenergiestosecureaclaimfordamagesof$1。

6bn。

ThesagaatAnfieldisntoveryet。

NakedTextNakedText