Just for the record the last accounts showed a loss on the year of £13M there or there abouts. This was with a club turnover of just over £14M Thats a big gap Our total liabilites are just under £45M, made up of loans from Amulya, Sarita, Seadream and personal loans from Bernie and Calliendo Our Asset value is around £30M, So our value is -£15M with an annual loss of around another £13M, I wouldn't be laying down a £100M very quickly in order to acquire such an attractive business... the difference however as is quite obvious is the Prem money which conservatively should now make our turnover around £50M annually maybe... Does this make us worth £100M? Not to me it doesn't - the level of debt in the club is huge in relation to our recent turnover, if we drop out of the Prem at the end of the year we are not worth anything close to that figure. if we stay in the prem for the next few years maybe we are but the money it would take to keep us there would IMO be too much to make the club worth purchasing at any where near such a price. If its true the Mittals have offered £65M - i'm amazed they have even gone this far. I would have ripped their arm off, but what the **** do i know? This is proabaly why i am not a billionaire.
£65 million is a great offer in all honesty the goons are so ****ing greedy they will destroy the club completely over the next couple of years unless they sell
Thanks for that Cannock, I was asking for that info sometime ago. Just to confirm that Bernie and Calliendo have loaned their own money, they are not just guaranteeing loans? My understanding of the Amulya loan is that they have to pay if off now, is that yours?
They'll destroy the club THIS season if they don't sell! It's vital we establish ourselves this season with Warnock in charge, continuity from the top down brings success as proved last season. If the greedy bastards hold out for £100 million Mittal will sit back and wait and we'll all suffer in between. In answer to the question, based on Premier League income and add-ons weighed against the debts £50 million is a realistic price, the ground, if sold to make way for a new stadium is in prime development land and that's part of the value outside the economics.
Totally agree with Goldhawk, they all know what they paid and have spent since day one.Probably to the penny in Bernie's case. I think Bernie played a clever game owning the majority shares but using the Lakshmi money and Amit Charm to get us into the Premiership then asserted his control at the board meetings once we were up. He now has to get the exit stratergy right and extrat the right price. This is the bit he could get wrong , Lakshmi/Amit probably feel a bit used at the moment and could just sit back and wait once they have offered a sensible price for control.
the problem for Bernie is the price will dimish as the season progresses, he'll never get a better price than now, otherwise he has to spend to stay up or see his profit go down the pan. I'd say the Mittals have the advantage at the moment as they certainly won't put any more money into the club unless they get control. I still think Bernie will be gone by Christmas, what a nice present that would be...
Charles Sale/Daily Mail BERNIE'S KEEPING QPR QPR owner and F1 supremo Bernie Ecclestone has made it clear how uninterested he is in football. Yet he says he has no plans to sell the club and will stay at the helm for their return to the Premier League. He is happy with manager Neil Warnock but not impressed with the way he was briefed during the third-party ownership controversy, claiming he was not informed about fears of a double-figure points deduction. http://www.dailymail.co.uk/sport/formula....#ixzz1RbAAQ3u g
That link is down Northolt, any chance of relaying it to us before I find a high building to jump off!...
I don't think it's anything to get too down about. With Mittal in the wings, Eccles is hardly likely to say the club is a big distraction and he's desperate to find a buyer. I think it's all part of his posturing - and I still think the most likely outcome will be a sale to the Mittals a month or two before the Jan transfer window.
I believe Bernie does want to sell He just wants to make as much money as possible The club is falling behind others week after week Naawich have made 6 signings so far and unfortunately have a better squad than us now and their fans are paying much less to watch them
