If Kenwright lowered the asking price...

[steken1]

No it's not already happened. Kenwright & Co haven't asset stripped the intangible assets, the only asset they've liquidated is Bellefield, which has been swallowed by operational losses.

I gave that example to show how if you were Kenwright & Co you'd never sell for £25M plus the debt as per your previous suggestion, as you'd be giving someone the opportunity to profit at your expense.

I don't agree that Fellaini for example could be viewed as a liability given that his book value will be almost zero by now & his market value £25-30M - your only risk is serious injury, but that's why they have insurance.

We'll have to disagree on what Bill and co have done with our assets.

We also know that selling players isn't as simple as £30m for fellaini, £30m goes in the bank in the morning. Selling £50m worth of players might bring you back £40m all said and buying may cost more as clubs would see a mile away what your game is. Then most fee's are paid incrementally so that means you won't be paying your debt off in one felled swoop and that bring another set of expenses.

But that's besides the point. I don't believe that players are listed as assets to a club for sale as those players are directly linked to it's performance and it's performance is directly linked to it's future revenue's.

Perhaps the £80m - debt was too low, considering the new TV deal it will be.

 

[steken1]

It helps a lot but I want the owners to hire the correct manager as well, that is one of their most important responsibilities.

I'd rather be us than QPR, Villa, Newcastle, Sunderland, Stoke or anyone else that finishes regularly below us whilst spending money.
Hell even City when they had Hughes were s**t. The manager is as important as the money.. We need both.
I'd hate to be taken over, bin 50mil on players, and then go down because we got in Tony Adams to manage them.

According to many we already have him. I'm not his biggest fan but I recognize his skill in the transfer market.

I find it remarkable the amount Fernandes has pumped into QPR to fight relegation each year when the headlines say he could have acquired EFC for the same amount and had a club ready for a CL assault for another £30m.

I wonder if he considered EFC. If not why?

London isn't enough in their case IMO.

 

[ToffeeMike]

Cheese on Toast

 

[Foot Long Hot Dog]

We'll have to disagree on what Bill and co have done with our assets.

Perhaps the £80m - debt was too low, considering the new TV deal it will be.

There's not an argument to be had mate, there's only the facts to digest, as that's not a matter of conjecture.

£80 - minus debt is way too low, irrespective of the TV deal & that was my point. There's a figure somewhere between that & Bill's £125M where the actual market value lies. I genuinely think he's about had enough btw, I've never really bought into the 'string pulling' scenario of a multi Billionaire somehow calling all the shots & hanging onto "a bad night at the casino" size investment for over a decade, waiting for his 'big hit' - I think Bill has always had the choice of staying or going & I think he's just always favoured the former, I reckon he might be about to relinquish his throne.......

 

[Dell Boy]

London isn't enough in their case IMO.

I think it's all about London.

London's Economy is powering on. Forecasts are positive. Population booming. Property prices rising. Selling corporates in London is like selling sweets to kids.

Compared to Liverpool it's not even funny.

 

[Brennan]

I think it's all about London.

London's Economy is powering on. Forecasts are positive. Population booming. Property prices rising. Selling corporates in London is like selling sweets to kids.

Compared to Liverpool it's not even funny.

Which is why, among other things £140m for Chelsea was a fair price and £125m for Everton clearly isn't.

 

[steken1]

There's not an argument to be had mate, there's only the facts to digest, as that's not a matter of conjecture.

£80 - minus debt is way too low, irrespective of the TV deal & that was my point. There's a figure somewhere between that & Bill's £125M where the actual market value lies. I genuinely think he's about had enough btw, I've never really bought into the 'string pulling' scenario of a multi Billionaire somehow calling all the shots & hanging onto "a bad night at the casino" size investment for over a decade, waiting for his 'big hit' - I think Bill has always had the choice of staying or going & I think he's just always favoured the former, I reckon he might be about to relinquish his throne.......

Not really as I suspect there's more info that won't come too light for a while.

My own opinion is that EFC have been a very useful pawn for the man behind the throne TBH. I know for a fact that at one point he was handling the sale. As I said earlier the valuation is subjective and standard techniques rarely apply in football.

I think they've just waited for someone to come along who see's it their way. And if you had no emotion tied up in it, why not?

 

[steken1]

I think it's all about London.

London's Economy is powering on. Forecasts are positive. Population booming. Property prices rising. Selling corporates in London is like selling sweets to kids.

Compared to Liverpool it's not even funny.

QPR's ground is a dump too. They won't have great facilities and even when they spend enough to get them the money it'll have took to get a decent side could have had us as CL regulars and already in the big bucks as that's the only game in town.

 

[Dell Boy]

Which is why, among other things £140m for Chelsea was a fair price and £125m for Everton clearly isn't.

£125m was a steal for Chelsea although I think there's some issue with the freehold of Stamford Bridge not being owned by Roman?

I've not got the figures to hand for Everton but it should be based on proper facts. If the club could make £20m a year profit then £100m+ would not be unreasonable.

 

[njligernj]

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.

If I had 25 million pounds there are literally thousands of better ideas for that money than what you just outlined. While it may be technically possible I don't know why:

a) Anyone would want to do that as you're left with a team potentially struggling to retain PL status and a fanbase in full revolt.

b) You'd think that was the best way to use 25m.

I find it remarkable the amount Fernandes has pumped into QPR to fight relegation each year when the headlines say he could have acquired EFC for the same amount and had a club ready for a CL assault for another £30m. I wonder if he considered EFC. If not why? London isn't enough in their case IMO.

Very good point.

 

[Allezfan]

£125m was a steal for Chelsea although I think there's some issue with the freehold of Stamford Bridge not being owned by Roman?

I've not got the figures to hand for Everton but it should be based on proper facts. If the club could make £20m a year profit then £100m+ would not be unreasonable.

We haven't made any profit for years.

 

[Brennan]

We haven't made any profit for years.

And any profits which will result from the TV deal will have to be reinvested into the club one way or another, or we'll face slipping down the table.

 

[njligernj]

I've not got the figures to hand for Everton but it should be based on proper facts. If the club could make £20m a year profit then £100m+ would not be unreasonable.

"I'd like 100m please."

"But I notice you've posted a lot of losses and a couple of breakeven years."

"Oh yes in the past ... but in the next five years we will turn a 20m profit each year."

"Oh how wonderful. Goodbye."

 

[Foot Long Hot Dog]

If I had 25 million pounds there are literally thousands of better ideas for that money than what you just outlined. While it may be technically possible I don't know why:

a) Anyone would want to do that as you're left with a team potentially struggling to retain PL status and a fanbase in full revolt.

b) You'd think that was the best way to use 25m.

You've either not read it properly or not understood it.
Cheers

 

[njligernj]

You've either not read it properly or not understood it. Cheers

Is that cheers 100% sincere?

I'm not the only person in this thread to "misinterpret" what you said and I'm not the only person you've told off for not understanding it ... I guess it's possible we're all morons ... but at some point perhaps it's time to consider you aren't doing a great job explaining it?