Dec 21, 2012, 2:26 PM EDT
Admittedly, what I know about business and high-level money management, I could put into a 140-character Twitter post.
And probably still have room left for some wisenheimer hashtag.
But … I know this cannot be good news.
It cannot be good news when your major sponsor is called a pyramid scheme by a leading hedge fund manager. So it goes this morning with the Los Angeles Galaxy and Herbalife, who have combined to sell David Beckham shirts the world over.
Billionaire Bill Ackman isn’t just saying the nutritional products company is a pyramid scheme, he’s on a campaign to make people believe it.
This won’t be any kind of immediate trouble for the two-time defending MLS Cup champion. But it could complicate AEG’s plans to sell the Galaxy and the Home Depot Center.
And who knows whether that might somehow prevent Beckham from becoming part owner, if that was ever in his plans?
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