Nicked from another site. Interesting, if true. From a discussion with Ian Doyle at the Echo on Twitter: "The following are facts, not opinion. Using http://lfchistory.net prices, FSG have, including Keita, a net spend of £155m since taking over. Their spend has been 129% of their sales (£696m in/£541m out). Hicks and Gillett, the net spend was 113% of their sales (£174m/£153m)."