If Kenwright lowered the asking price...

[Dell Boy]

I think when you get into the world of valuing football players as 'assets' you are really in a difficult area , there are so many variables in there. If you value players at anything else other than their most conservative you leave yourself open to getting your fingers burned and people investing in football clubs will be certainly looking to avoid that.

I agree and in another thread I said more or less exactly that. For a new owner having £100m+ of players is good if it really goes tits up but we've seen the one example of a top club falling from grace (Leeds) where it didn't exactly go to plan.

 

[sheeds]

I agree and in another thread I said more or less exactly that. For a new owner having £100m+ of players is good if it really goes tits up but we've seen the one example of a top club falling from grace (Leeds) where it didn't exactly go to plan.

Very true . Leeds are a great example as once a club slips its a matter of weeks until a £8m player becomes worth less than half that as the vultures circle and even something as simple as player form could dramatically reduce their value , Never mind agitating for a move or whatever.

 

[Jacko93]

The same Kenwright who allowed talks to progress past due diligence with a guy who lived in a bedsit ?

The only certainty regarding the price of the club is that in 13 years not one 'suitable' buyer has come forward for the £125m asking price. In the meantime most of the clubs around us and even below us in the league have changed ownership or at least gotten investment.

If the talks went past due dilingence, then surely we would now be owned by a guy in a bedsit. The same guy that was brought into the whole process of selling the club, the very people that BUnion are proposing we leave all our selling too, was infact the person responsible. Kenwright didn't invite this person in for an offer. He was invited in by Keith Harris. It was only when Kenwright got involved that he "smelt a rat" and did some digging to find out that the person in question had no links whatsoever to ICI and did infact, live in a one bed flat.

 

[steken1]

Baines - £15m
Fellaini - £25m
Jagielka - £8m
Heitinga - £5m
Mirallas - £12m
Pienaar - £4m
Jelavic - £6m
Anichebe - £3m
Coleman - £5m

Total - £83m

The rest would be negligible fees, imo. I think i've been pretty generous with most of those valuations. I have absolutely no idea how you got anywhere close to £150m.

Fair play for giving it a go Bren, But even a few of them are an Evertonians valuation as you say.

 

[Dell Boy]

Very true . Leeds are a great example as once a club slips its a matter of weeks until a £8m player becomes worth less than half that as the vultures circle and even something as simple as player form could dramatically reduce their value , Never mind agitating for a move or whatever.

I guess the one saving grace is our players are by and large on 'sensible' contracts. It's not like we have to pass on a Samba £100k a week jobby if we went into a tailspin.

 

[Bruce Wayne]

If we lowered the price we could have been bought by a Venky brother.

 

[steken1]

Firstly, if you were looking to asset strip, you could sell all the high value players & replace them with cheaper, younger alternatives.

Secondly, the value of the squad isn't totally subjective, whilst hard to exactly quantify it does have a basis in fact, as there's plenty of comparables in the market place. £70-80M is a very low estimate, given that Fellaini & Baines would fetch £40-50M on their own.

Already we've seen valuations with a range of £70m. See my point? I don't personally see the smallest squad in the league as an asset, despite it containing some of it's best players.

 

[steken1]

If we lowered the price we could have been bought by a Venky brother.

Or the Man City arabs?

 

[Foot Long Hot Dog]

Go ahead and give it a go. Last time somebody on here did it almost everybody had their own valuations on every single player.

Besides Felli, Baines, Mirallas, Jelavic, Coleman and Gibson you'd be lucky to find many valued higher than a few million. Sell them and your a championship club within a season. A championship club with no debt maybe but what are you worth then?

You missed my point entirely. You posted a piece suggesting that the club should be valued at £80M including the debt, so in other words £25M for the equity.

I buy it for £25M, lumping the debt onto the balance sheet in a leveraged purchase. I then sell £50M of first team players, replacing them with £25M of cheaper alternatives, clearing £25M net in the process. I then clear the leveraged debt, thus paying for my equity with assets off the clubs balance sheet.

 

[Bruce Wayne]

Or the Man City arabs?

Guess that's just it, there have been many more bad buyers than there have been good. Really we've only seen the City owners and Abramovich.

Given the uproar over di Canio you'd imagine both of those owners could be called into question for their behaviours and personal opinions as well, what with human rights issues in Qatar and Abramovich's shady links to Putin.

 

[Goat]

Guess that's just it, there have been many more bad buyers than there have been good. Really we've only seen the City owners and Abramovich.

Given the uproar over di Canio you'd imagine both of those owners could be called into question for their behaviours and personal opinions as well, what with human rights issues in Qatar and Abramovich's shady links to Putin.

Your wrong Bruce, I personally think its the other way round.

Bad Managers must take some of the blame from certain owners.

 

[Allezfan]

You missed my point entirely. You posted a piece suggesting that the club should be valued at £80M including the debt, so in other words £25M for the equity.

I buy it for £25M, lumping the debt onto the balance sheet in a leveraged purchase. I then sell £50M of first team players, replacing them with £25M of cheaper alternatives, clearing £25M net in the process. I then clear the leveraged debt, thus paying for my equity with assets off the clubs balance sheet.

The way to make money out of footballing clubs is to buy them and then sell them to someone else.

Hardly anyone actually makes profits out of them on a regular basis. And if they did, the only way to do it, outside of owning man u or real, given the way prize fees come nowhere near watching wage bills, would be to take over a club with a big fan base and invest just enough in the squad that they'll finish about 17th and keep getting the top flight tv money but no more than that.

 

[Brennan]

If the talks went past due dilingence, then surely we would now be owned by a guy in a bedsit. The same guy that was brought into the whole process of selling the club, the very people that BUnion are proposing we leave all our selling too, was infact the person responsible. Kenwright didn't invite this person in for an offer. He was invited in by Keith Harris. It was only when Kenwright got involved that he "smelt a rat" and did some digging to find out that the person in question had no links whatsoever to ICI and did infact, live in a one bed flat.

Ask Bill mate, he's the one who said they went past due diligence and then they discovered the guy lived in a bedsit.

 

[Brennan]

Your wrong Bruce, I personally think its the other way round.

Bad Managers must take some of the blame from certain owners.

100% correct.

Why people blame owners for providing money to the club and then slate them when it doesn't work is beyond me. That's why i worry about Moyes leaving. Even if we get new owners in a large part of our success would depend on the ability of the manager to spend money wisely.

Villa didn't go tits up because of Lerner, they went tits up because O'Neill spunked money up the wall. Same for Liverpool under Dalglish. Pulis has had £70m since promotion but his team are still gash, if somebody like Moyes was there i'm confident they'd be a much better team than they are.

 

[sheeds]

I guess the one saving grace is our players are by and large on 'sensible' contracts. It's not like we have to pass on a Samba £100k a week jobby if we went into a tailspin.

Absolutely we're certainly better placed than QPR or potentially (if it went wrong ) the likes if Chelsea or city but our wages are just ridiculously high compared to turn over . I'm guessing but aren't we over 70% whilst the likes if spurs are what 55% ish ? The problems are there mate