I have a stream of all negotiations regarding the sale of the club. But Patty upset me so I am not going to share it. So there.
You wouldn't believe two grown men, one 70 something, the other whatever, could be so ****ing infantile.
When the name change application went in the club wasn't up for sale. Reading between the lines of the interview the interest from China came after the two applications had been turned down.
Fair enough. Now surely the point is that if there is interest whilst we were in the Championship, how much more should there be IF we go up?
A lot depends on how quickly the Allams want to sell, if they want to sell at all. I personally think we are a far better investment than Swansea City, Aston Villa or Everton he sold nearly half his shares. I have no idea whether they want to sell, we'll find out soon enough.
How much do you think Swansea City or Aston Villa would cost to buy? £200 million, maybe more. We'd cost £80 million tops. A person with £250 million down the sofa could buy Villa or Swansea and not have much change. They'd be left, more or less with what they've got now. If they buy us they will have £170 million to invest in the ground, the infrastructure and, of course, the team. Look at our starting position, we've invested in the team and wouldn't need many more players if we get promoted. The Council will fall over backwards to help the new owner develop the ground. They may not sell the freehold but Manchester City have shown they don't have to own it. Finally there are thousands of upset supporters who, with a little love and affection, will feel happy ,watching Hull City again and start spending their money in the club shops.
If we get promoted our value will be much more than 80 million. The potential earnings will dictate the value plus a bit for the assets of which we don't have a lot. Sheffield Wednesday were bought for about 30 million in 2014 I think they had about 15 million in debts. I can see why we were not sold as a championship club, the Allams would have to write off loads and sell at a loss. The potential earnings glow like a pot of gold to the Allams and that is why i think they won't sell unless they get a ridiculously high offer, which they won't because there are better deals available.
Does it work like that? Surely the sale price would go up a relative amount. We might be more attractive in the championship if someone thinks they can get us cheap, add a couple of players and bank £100m after promotion.
The potential earnings for whom. The bulk of the £100 million TV money will go on transfer fees and players wages to stay in the Premier League. The vaue of the club will be based on profits not turnover.
Yep I don't get this either. I've said it for a while. To use an analogy, if I'm selling a used car, whether it's a Micra or a Rolls Royce I'd get interest if the asking price is right. If there's no interest then the price is too high. Simple economics, although football always seems to transcend that.
Does your roller or micra have the potential to balloon in value if you treat it right, or sting you for millions if you get it wrong, or someone else gets it more right?
The likes of Bournmouth, Watford have shown you don't have to spend all or even more than the TV money to stay up. Leicester have shown you don't have to spend 20 30 or 40 million to buy a goal scorer. This could be a new dawn, a waking up. A smart owner with a good scouting and youth set up could make millions by not getting into all the hype over overpriced prima donnas.
That's the point. If we're bought after promotion then our value won't balloon, unless we 'do a Lester'. Our value can only rocket if we're bought as a championship club.
