Eh? We have sold anything of value. We have got rid of any indicental costs. We have paid next to nothing for the squad. We haven’t filled all loan spots. If finances were bad it would be a ****tip of a tradgedy. What planet are you on? We have been asset stripped to the point we are secure but worthless.
I’m sceptical full stop I genuinely can’t understand why anyone would want to own a football club unless it’s an ego thing...in if that’s the reason then I want them OUT Weird vicious circle
Sorry but it's exactly the tragedy you speak of. Assets have run out and parachute payments are stopping imminently. At that point there's barely any income. I'm not an accountant but if you don't make any money you're going to be in trouble before long. We have to hope that a takeover goes through soon and attendances and other recenues see a big boost.
Do we really have a ‘decent balance sheet’? It looks a bit **** to me You’ve just said in one post that ‘our team isn’t worth much’ and ‘ we haven’t got much in the way of funds coming in’ In whose world is that a decent balance sheet ?
Because the value of the team isn't the same as the value of the club. You could be worth a lot of money in terms of assets, but it doesn't always translate into actual money. The value put on the club is going to be roughly what is owed to the Allams. That'll be paid off at the point of sale. There might be a few extra debts I'm not aware of and I'll happily stand corrected, but I don't think we're anywhere near the amount of **** we were in when the Allams took over. The gates will improve with the Allams gone, so you're going to get a much bigger income on gates and matchday sales. It also depends on the owner's wealth. If they're a Saudi Prince with billions, they might well just go for it. But they may not and choose to be conservative.
The cost of the club is what’s owed to the Allams That isn’t the same thing as the value of the club...
Okay, fine. But don't confuse us operating on a minimal budget with us being deeply in the red. Plus, if we were soaked in debt, the bids wouldn't be coming in as high as £40m-£45m.
There is clearly a value on picking up an underachieving team in the Championship, who are not fulfilling their potentially on any level. We may not have physical assets but football is different to normal businesses and our position in the football league setup and the potential of Premier League money is enough to make some investors want to take the gamble.
I'm ****ing good, but unfortunately have been unable , so far, to be able to read posts that are posted sequentially after the one I'm reading and responding to. Brownie point to you. All I can say is "great minds think alike". One of us is travelling closer to the speed of light.
↑ "Apparently the Saudi bid is a load of Shiites You are always so negative - you never look on the Sunni side." OK. Two brownie points to you. Well done.
I thought our balance sheet was a bit over 60 million in the red, on top of that we have a paper thin squad of little value, renting our stadium and sitting rock bottom of the league. Doesn't look like an attractive proposition for investment to me. Another example Sunderland were a bit over 170 million in debt, the owner wrote off all that debt, about 1/2 was personal the other 1/2 was to outside parties. Once the debt had been cleared the new owner paid 40 million for a club with a large passionate fan base, their own stadium and a team that at the moment appear to be on the up rather than going down.
