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Video - billionaire owner's entrance into changing room will both surprise and delight
By Online Editors
When you're a billionaire club owner like Jacky Lorenzetti, you make an entrance anyway you please.
And that's exactly what Racing's Swiss majority owner did when he made his way into the changing rooms in the bowls of the U Arena in Nanterre. He envisioned the stadium and built it, so he effectively does what he pleases.
The 'grand' entrance was caught on camera by Canal Plus in France.
Lorenzetti is a mercurial figure at the bests of time. He wasn't a rugby fan growing up. Brought up in Switzerland and graduating from hotel school in Lausanne he understandably wasn’t exposed to the game.
After founding Foncia, which since 2006 has been Europe’s biggest real estate company, he married his wife in France and caught the bug from her brothers. He was soon so in love with the game that he bought a 62 percent controlling share in Racing Club 92, then a second division French team.
Now however, they’re anything but second rate. After taking the reins at the club Lorenzetti has built two state of the art training centres, brought in the world’s best players and catapulted Les Ciels et Blancs to the top of European rugby.
While the recent fallen through merger with Stade Francais almost certainly would’ve brought even further domination, Lorenzetti’s finances have still been the source of Racing’s successes and sit as the archetypal example of the power of deep pockets in the Top 14.
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I wouldn’t think the risk is cash flow, as they have large cash reserves they said all through covid.
I suspect the author has it completely wrong as it pertains to the pool as well, because I can’t see the contracts of players changing year to year like revenue does.
I’d imagine there is an agreed principle to a ‘forecast’ figure of revenue for a cyclical period, and this is what 37% or whatever of is used for player salaries. So it would not change whatever that figure is until the next cycle. Cash flow, as you said, would be the main factor, but as they aren’t paid all it once, they’d not be hindered in this manor I don’t believe. Of all the references I’ve seen of a the player pool agreement, not once have I seen any detail on how the amount is determined.
But yes, that would be a very reasoned look at the consequences, especially compared those I’ve seen in articles on this site. Even with turnonver north of $350 million a year, 20 is still a sizeable chunk. Like this RA’s broadcast deal, they might have smaller sponsorship for a short period to align with everything else, then look to develop the deal further heading into the Lions tour cycle? Perhaps trying to take a deal from low to high like that is unlikely to a long term investor, and NZR want to get a good shortterm deal now so they can capitalize on growth for the Lions (i’m assuming that series has consequences on more than just broadcast deals right).
Go to commentsAnd a few Australians too ……
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