But it's still true. How does our value rocket after promotion? As soon as we're a premier league club surely the buying price goes up by £80m minimum.
Leicester City's wage bill was £48.2 million. With the additional TV money that will rise. Bournemouth's bill was £25 million. Will that squad be stronger next season or will they need to invest in more players on higher wages. The TV money means wage inflation will increase. A smart owner needs time to invest in the youth set up before their investments pay off. If that's what they want they'd be better off buying York City than Hull City. An owner that wants Premier League success sooner rather than later would buy Hull City for the reasons I've stated. The reason people buy football clubs isn't to get rich it is for the status of owning a Premier League team, or rather a successful Premier League team.
The value could balloon and if the buyer wants to take a gamble on that then that's his choice. Equally if Allam wants to hold out on the speculative gamble that we might get promoted that's also his choice. But both are gambles and that of course means risk. If there's no buyers in the meantime then the asking price is too high.
Or there just...isn't any buyers. **** all to do with the price. You know, like when the Allams stepped in. No other buyers. We're not that attractive to outsiders traditionally. That's possibly about to change. You should be happy about it.
If you offered the club for 5p, someone would buy it. That means there is a price at which the club is attractive to buyers, and a price where it isn't.
Of course it isn't, but you're missing the point which remains we're not suddenly more attractive to buyers if we go up.
I would disagree. If you are after the prestige of owning a premier league club to play with, it's better having a club that is in the premier league over a club that isn't and may not be one.
We didn't know of others buyers when the Allams stepped in. Just as we don't know of them now. It's always clouded in secrecy. We didn't know about Duffen until the day hie consortium took over, that was kept well under wraps. There will be no shortage of people interested in owning the Nissan Micra that is Hull City. If they can't find a buyer then the asking price or demands are too high. That applies to anything for sale. In the real world the price would be lowered out of necessity, but in football it's probably someone else's fault. All of which is pointless though as there seemingly is a deal close to fruition now. Maybe they re-assessed their demands recently.
We are because of the huge revenue streams guaranteed. Not much guaranteed revenue in the championship.
The revenue streams are guaranteed but only for a limited time. Hull City, QPR, Burnley, Fulham, Middlesbrough, Sheffield Wednesday, Wolverhampton Wanderers, Wigan Athletic, Blackburn Rovers and Bolton Wanderers show that anyone thinking getting to the promised land is enough is going to get a rude shock. Having to buy players and pay Premier League wages is going to eat into the TV money at a rate of knots. The only clubs that will benefit from the increased revenue are those that already have good Premier League players on long term contracts. The rest will be swimming in the same sea as Hull City, if we get promoted.
Burnley are the successful one - good Championship players and manager. They make profits from the Premier League without wasting the money.
This. Their model has them on the cusp of premier league stability. Building on the squad slowly but surely, not letting relegation destabilise them.
I think you'd struggle to get any interest in. Micra full stop unless you advertised it as scrap metal. Horrible **** cars.
Right... A championship club, that doesn't own its stadium, and it's only assets are players, reduced tv income and parachute payments, might be worth - say £40million. The very second that club is promoted, it's value suddenly goes up by approximately £100m, so any buyer would have to pay £140m to own it. So which is more attractive to a buyer, the £40m outlay or the £140m outlay?
