[quote][cite]Posted By: Swisdom[/cite]It surprises me that they could get Everton for £200m or us for £20m
Now lets be sensible here - which offers the better value for money?
If they spend £15m on our stadium and £15m on our team we'd be back in the premiership with a 40k stadium and an extra £150m in their bank
Why can't these mega rich investors see anything outside the Premiership?
*loosens clutch on the straws*[/quote]
Because money isn't their motive. They have tons of it, and don't care about squandering a fair bit obviously. They have that and are in no hurry to make a profit on one investment as a result. What they're after is attention. Ego. Glory. Taking over a smaller club and trying to help them up the league system doesn't provide these things as quickly or as massively as diving straight into the helm of an established Premier League side and buying world class players from the get-go. Y'know, the sort of players who'd laugh at an offer from a team in the Championship or League One.
[cite]Posted By: razil[/cite]ha ha yeah, peoples front of judea?
isn't 20m our current debt? (can't be bothered to look it up)
Short term debt
£4m approx running costs over income for this current season to be covered
payments on £7m mortgage - Guessing £1 to £2m this year but that would already be factored into the £4m approx loss on the financial year.
£1m bank loan (not sure when that is to be repaid by but likely to be short term but as above would be part of those losses in 2010/11
Medium term debt
Rest of £7m Mortgage
Long Term Debt
£7m Deferred loans to old directors repayable over three seasons when back in the Premiership
That adds up to £20m but that doesn't mean the price of Baton is £20m.
That means the liabilities (short/Medium/Long term) that any buyer is taking on. The buyer/s would also have to cover the cost of running the Club at a loss in League 1 and maybe break even in the Championship.
The unknown is how much, if anything, they are willing to
1. Increase this years budget for players, the academy, etc
2. Invest in developing the team, ground and infrastructure (academy, scouting, training ground, scoreboards, etc) in coming seasons.
It could be that they are willing to cover the £4m per season loss for this year and a few seasons more if we don't go up and then expect the club to break even in the Championship. Or they could be willing to invest, say, £7m per season for the next five years regardless of which division we are in. Or £70m per season.
Who knows? They may pull out this afternoon although personally and based only on what has been said in public I doubt that. All our skeletons are out of the cupboard already so they should be coming in with a pretty good idea of what due diligence will turn up.
Comments
Now lets be sensible here - which offers the better value for money?
If they spend £15m on our stadium and £15m on our team we'd be back in the premiership with a 40k stadium and an extra £150m in their bank
Why can't these mega rich investors see anything outside the Premiership?
*loosens clutch on the straws*[/quote]
Because money isn't their motive. They have tons of it, and don't care about squandering a fair bit obviously. They have that and are in no hurry to make a profit on one investment as a result. What they're after is attention. Ego. Glory. Taking over a smaller club and trying to help them up the league system doesn't provide these things as quickly or as massively as diving straight into the helm of an established Premier League side and buying world class players from the get-go. Y'know, the sort of players who'd laugh at an offer from a team in the Championship or League One.
Where did you get £20m from? Baton bought the lot for £2 (two pounds)
I thought the source of the fan quote was interesting.
isn't 20m our current debt? (can't be bothered to look it up)
Short term debt
£4m approx running costs over income for this current season to be covered
payments on £7m mortgage - Guessing £1 to £2m this year but that would already be factored into the £4m approx loss on the financial year.
£1m bank loan (not sure when that is to be repaid by but likely to be short term but as above would be part of those losses in 2010/11
Medium term debt
Rest of £7m Mortgage
Long Term Debt
£7m Deferred loans to old directors repayable over three seasons when back in the Premiership
That adds up to £20m but that doesn't mean the price of Baton is £20m.
That means the liabilities (short/Medium/Long term) that any buyer is taking on. The buyer/s would also have to cover the cost of running the Club at a loss in League 1 and maybe break even in the Championship.
The unknown is how much, if anything, they are willing to
1. Increase this years budget for players, the academy, etc
2. Invest in developing the team, ground and infrastructure (academy, scouting, training ground, scoreboards, etc) in coming seasons.
It could be that they are willing to cover the £4m per season loss for this year and a few seasons more if we don't go up and then expect the club to break even in the Championship. Or they could be willing to invest, say, £7m per season for the next five years regardless of which division we are in. Or £70m per season.
Who knows? They may pull out this afternoon although personally and based only on what has been said in public I doubt that. All our skeletons are out of the cupboard already so they should be coming in with a pretty good idea of what due diligence will turn up.
it's now £30m.
Hold on fancy a biscuit.....
oh, it's now £40m.
£50m.
Hahahahahahaha
Dowie strained the tea bag in the tea
60m
fingers crossed for good news today or tomorrow