Its all very well saying that RD is unrealistic in his valuation. But if there are at least two parties that have been prepared to pay his valuation, then unfortunately he is not being unrealistic.
Been saying it all along...'Something is only worth what someone is willing to pay for it...
Is it not negative for fans to keep saying we're not worth this or that amount..?
To put it into perspective...I'd hazard a guess that if Joe Gomez came up for sale he'd go for around the same as the asking price for Charlton...
Prices for top quality players are currently going through the roof. Recent reports saying Everton are now looking to sell Ademola Lookman for £20m...Half a Charlton!
Depending where you stand anything can be summed up as expensive, but that's not what the current football market suggests, and if Muir & Co, or whoever can fulfill this great Clubs potential in the near future..."we're not worth it" may well look silly.
I heard some time back that Palace were looking for training facilities and that they wanted Sparrows Lane could it be possible for anyone owning us to sell just sparrows lane to them??
I heard some time back that Palace were looking for training facilities and that they wanted Sparrows Lane could it be possible for anyone owning us to sell just sparrows lane to them??
@ShootersHillGuru I have believed that there is some truth in "RD doesn't know what he bought from the spivs" for a while. It's one of a number of plusable causes of what information we do know.
I also believe this as the daft old duffer seemed to acquire us very quickly suggesting his due diligence wasn't thorough enough.
Eyes popped out of his head at the bargain, greedily rushed in.
@ShootersHillGuru I have believed that there is some truth in "RD doesn't know what he bought from the spivs" for a while. It's one of a number of plusable causes of what information we do know.
I also believe this as the daft old duffer seemed to acquire us very quickly suggesting his due diligence wasn't thorough enough.
Eyes popped out of his head at the bargain, greedily rushed in.
It was a bargain, the team was struggling in the championship but still had the spirit to be in the fa cup and just needed a boost which his network should have been able to give. Had he just said to SCP ‘here’s the list of players I’ve got, take your pick’ things would probably have turned out spectacularly well. Instead, it went pear shaped.
I heard some time back that Palace were looking for training facilities and that they wanted Sparrows Lane could it be possible for anyone owning us to sell just sparrows lane to them??
I used to live in the road next to their current one in Beckenham. They did loads of work on them in past few years I think so would be surprised if they were going to move any time soon unless they are looking to sell the land and set up elsewhere as the site would be worth an absolute fortune.
The land is worth nothing if you can't build on it. Unless you want it as a football stadium for another team.
Indeed. That's the basis of the valuation.
Airman, whilst I do have some accounts qualifications, I'm far from an expert.
Please can you explain the value of The Valley plus Sparrows Lane in the accounts ? I ask because you say the land is worth nothing. Yet you then say you suspect RD had the land revalued to justify an increase in the sale price.
I'm fully aware that if the land can't be developed there is a question as to does it have a value. But what is the book value of the land in the accounts ? Thanks.
I wasn’t agreeing it was worth nothing. I was agreeing that it is valued for its current use, not some hypothetical other use.
Yes, but do you or anyone understand the accounts better than me ?
What is the value of the leaseholds is it £41M/42M as I said or am I wrong ? I'm confused re the value at cost and the second valuation.
The net book value is £41M, which means the land has a value of £41M, doesn't it ? If the land has a £41M value, then is this not why RD can set the asking price so high ?
Ok, so a new owner may not be able to develop said land, but as the value increases, when they sell they can get their money back, plus a profit in relation to the land value ? I'm more than happy to be told I'm talking nonsense. I'm looking for an understanding.
The (re)valuation in the accounts will just be the opinion of one RICS chartered surveyor paid to provide his services. "Optimistic" valuations of commercial property are not unheard of and it's a quick way of making the accounts look better than they actually are I'd have thought. This recent article in Estates Gazette suggests that commercial property generally is 12.2% overvalued. https://egi.co.uk/news/overvalued-assets-near-tipping-point/ And that's for property where there should be a pretty clear valuation based upon projected rental incomes - not some poxy field with a trench running through it and a dilapidated pavilion.
There is also the problem with lack of precedents. Valuing a house or even a normal commercial site or office building is fairly straightforward as there are plenty of antecedents. Bits of land used for sports purposes with only highly speculative prospects for alternative use another matter entirely in my opinion.
Which is slightly depressing if you hoped it would happen before the start of the season, but positive if you thought it wouldn’t happen this season at all, or they were pulling out.
I’m sure he’d want to apologise for not being able to share any proper details, but if you start breaking NDAs you immediately lose all business credibility.
How prescient was the feller on the ground floor of the fridge in Woolwich back before this thread started who said if it meant getting Duchatelet out of our club he would take dropping to League 2.
One thing which should be clear to all CAFC fans, no matter how bad things or; - there is still room for matters to get worse !
Just reminds me of when I worked for a firm that had stopped paying us and the line would always be, "next Tuesday", then no phones would get answered till the following Thursday and it would be "definitely next Tuesday" again. This went on for a good 6 weeks and all the while they were saying it, their work was getting done.
Which is slightly depressing if you hoped it would happen before the start of the season, but positive if you thought it wouldn’t happen this season at all, or they were pulling out.
I’m sure he’d want to apologise for not being able to share any proper details, but if you start breaking NDAs you immedistely lose all business credibility.
[*turns off phone, dives for cover*]
PS 16/1 is poor value.
And so the cycle begins again.
Date that people thought something might be done by expires. People start to lose hope. Someone pops up with a new date.
Comments
We know which one our Roly falls into.
Seriously.
I expect the reason we have heard nothing on the above is because the news is not good!
Can anyone here play on the wing?
Murray was right all along.
There is also the problem with lack of precedents. Valuing a house or even a normal commercial site or office building is fairly straightforward as there are plenty of antecedents. Bits of land used for sports purposes with only highly speculative prospects for alternative use another matter entirely in my opinion.
GM anticipating ‘a difficult two weeks ahead’.
But also that ‘it’ll all be worthwhile’.
Which is slightly depressing if you hoped it would happen before the start of the season, but positive if you thought it wouldn’t happen this season at all, or they were pulling out.
I’m sure he’d want to apologise for not being able to share any proper details, but if you start breaking NDAs you immediately lose all business credibility.
[*turns off phone, dives for cover*]
PS 16/1 is poor value.
This thread needs a livener.
fuck me but that's depressing.
One thing which should be clear to all CAFC fans, no matter how bad things or; - there is still room for matters to get worse !
*Walks away shaking head*
Date that people thought something might be done by expires. People start to lose hope. Someone pops up with a new date.
So now we have to wait another 2 weeks minimum.