...which creates my favourite accounting fiction: Academy graduates are considered to be worthless on paper. You didn't pay anything for them, so how valuable could they really be?
Saints in takeover talks with Chinese group
- Thread starter - Doing The Lambert Walk
- Start date
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...which creates my favourite accounting fiction: Academy graduates are considered to be worthless on paper. You didn't pay anything for them, so how valuable could they really be?
I always ask any Finance Director I work with why there system is so daft... they list people as a cost and equipment as assets!
...the most valuable asset to any business is not the buildings, cars, etc...but the people.The companies that realise that are the successful ones.
People may be the best asset in that sense, but have to be regarded differently in an accounting sense. People cost money every year and you can't sell them (apart from in team sports), whereas a machine/building once bought remains a depreciating asset....as it has some value...until it hasn't.
But I'm sure you know that
But I'm sure you know that
I understand your apprehension Godders. You are cautious about embracing change. It's a well known condition of the timid and the old.
Less of the ****ing timid mate
.
It affects my health during the 90 minutes
Not so much timid, more impotent perhaps?
Have you been talking to the very lovely Mrs Godders
?
Have seen somewhere that he was worth £1.6 Billion ish 2 years ago, but that could be wrong, or completely outdated now.
What I don't understand is IF he is worth a fair wedge, Why were they struggling to put together the money that was wanted.. allegedly.
Because he doesn't like parting with money.? After all, why does Katharina want to sell 80% of her ownership, when she could easily afford taking Saints to the Champions League. Simply because she'd prefer to do other things with her money. Like save it and let others spend theirs.
Not really. Not if you have that much that you can pop it anywhere and it makes money all by itself.
http://mp.weixin.qq.com/s/3ZRUVs8i1R6EuRugbkfuyA
Translation below, interesting translation of Van Dijk, after recent events
According to the "Thaiba Daily" reported that after several months of investigation, the Premier League has allowed Chinese to 1.9 million pounds to buy the Southampton Club.
The acquisition of the Southampton Club is named Rheinland Sports, chairman of the board for Gao Jisheng. At present, Rheinland Sports has passed the Premiership club owner and management test, the announcement is expected to be made next week. Southampton and Rheinland Sports have been told that their proposed deal is allowed to continue.
Southampton boss Katharina Liebherr and Rheinland Sports to discuss the sale of the club has been almost 12 months time, in March this year, Rhine Sports for Southampton offers 190 million pounds offer the acquisition of all the shares of the club, Daily "has been reported.
Subsequently, the Premier League lawyers surveyed the company's funding sources and adequacy, the company's business plans and the structure of the deal, as well as the potential owners and the board of candidates for appropriate testing. The Premier League believes that all aspects of the acquisition of Rhine are fulfilled.
Rhine plans to take over the saints in stages, before it will acquire the club before starting full control. In the acquisition negotiations, Rhine promised not to sell any players this summer, including the pursuit of many wealthy Van Dick.
Translation below, interesting translation of Van Dijk, after recent events
According to the "Thaiba Daily" reported that after several months of investigation, the Premier League has allowed Chinese to 1.9 million pounds to buy the Southampton Club.
The acquisition of the Southampton Club is named Rheinland Sports, chairman of the board for Gao Jisheng. At present, Rheinland Sports has passed the Premiership club owner and management test, the announcement is expected to be made next week. Southampton and Rheinland Sports have been told that their proposed deal is allowed to continue.
Southampton boss Katharina Liebherr and Rheinland Sports to discuss the sale of the club has been almost 12 months time, in March this year, Rhine Sports for Southampton offers 190 million pounds offer the acquisition of all the shares of the club, Daily "has been reported.
Subsequently, the Premier League lawyers surveyed the company's funding sources and adequacy, the company's business plans and the structure of the deal, as well as the potential owners and the board of candidates for appropriate testing. The Premier League believes that all aspects of the acquisition of Rhine are fulfilled.
Rhine plans to take over the saints in stages, before it will acquire the club before starting full control. In the acquisition negotiations, Rhine promised not to sell any players this summer, including the pursuit of many wealthy Van Dick.
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This is the chap quoted as breaking the news Thursday and his twitter bio says he runs a finance business which works closely with China.
As per his tweet. It's not the lack of money. More about getting approval from China to invest money abroad
NDRC - National Development and Reform Commission -
http://en.ndrc.gov.cn/mfndrc/
MOFCOM - Ministry of Commerce -
http://english.mofcom.gov.cn/
SAFE - State Administrator of Foreign Exchange -
http://www.safe.gov.cn/wps/portal/english/Home