1964

No news and nothing new to make up in my opinion

Wowzer!!

Full of donnay socks and velcro fastening Lonsdale trainers. She could not turn that down

The value of anything and everything is based on what a buyer is willing to pay. This. I love Dragon’s Den btw. With a business as volotile as NUFC can be, there is almost 3 kinds of valuations. What is the club worth right now as a business, I.e. turnover, assets, profit etc. What is it worth going forward, new TV deals, possible CL footy etc. and general growth and what it is worth to someone who wants to own a premium football club. Plus what it could be worth if it got relegated or failed to miss out on say the CL etc. A football club is probably the hardest type of business to value because it’s depending on so many factors. Mix all them things together though and you probably get your true valuation. Me, I’d say 300m would be a very fair price for the club as it stands, but looking ahead, a 400m valuation wouldn’t be or shouldn’t be deemed stupid. Obvious valuation? Somewhere in the middle. 350m is what we will probably go for, with certain clauses and stipulations in place. If Ashley really does want out and a quick no strings attached sale, he’ll settle for 300m which gets him his money back and a huge profit. He will lose out on SD advertising and exposure and future growth estimates RE TV income etc. though which you also have to consider. As a businessman you can’t just say well the club is worth this and this is what you paid for it nd expect Ashley to sell up because to him, it’s worth more than say 300m. Either way whatever he has spent on buying it, he will always get back, but he will lose out on all the advertising and future stuff. When you think about it, it’s not a bad model to pump a few hundred million into because I think overal that money spend on purchase etc. is almost guaranteed. Money in the bank basically. He has done extremely well out of NUFC you have to say from his own financial point of view and that of his other company. Any new buyer, what you are buying, is a company that has an almost guaranteed income based on customers and huge potential growth in terms of additional revenues with sponsorship, TV money and other commercial stuff. That alone makes NUFC more than worth 350m which is what I’d be wanting if I was Ashley and if I were genuine about building NUFC up, would pay. To get to the top will of course cost huge money and there are no guuarantees but get it right and well, just look at Chelsea or Man City, mega clubs. Makes you wonder why they waste money on due diligence when you could have knocked something up on the value of the club in a paragraph :lol: Due dilligence isn’t all about valuation, far from it. As someone who has independently and professionally had a company valued in the past I know the different kind of variables and deciders when it comes to valuation. Albeit on a totally different scale Anyway I was just expressing that with a football club, it’s probably more difficult to value because of how important onfield success and external TV revenue is to the future value of the club, which has to also be taken into account no doubt regards current value. Again I’ll guess that it will,go for 350m... Was meant very lighthearted mate, hope it didn’t offend, your stuff is always insightful. However it will go for no more than 345m, that much is obvious

This is where it all really starts though isn't it? Staveley is no mug and the fat man is exactly what he is. She is unlikely to be saying to her advisors 'Let's offer him what we can and get it done quickly'. Similarly he is unlikely to accept the first offer and more likely to suggest a new figure which will be inflated. And on it goes.....

The value of anything and everything is based on what a buyer is willing to pay. This. I love Dragon’s Den btw. With a business as volotile as NUFC can be, there is almost 3 kinds of valuations. What is the club worth right now as a business, I.e. turnover, assets, profit etc. What is it worth going forward, new TV deals, possible CL footy etc. and general growth and what it is worth to someone who wants to own a premium football club. Plus what it could be worth if it got relegated or failed to miss out on say the CL etc. A football club is probably the hardest type of business to value because it’s depending on so many factors. Mix all them things together though and you probably get your true valuation. Me, I’d say 300m would be a very fair price for the club as it stands, but looking ahead, a 400m valuation wouldn’t be or shouldn’t be deemed stupid. Obvious valuation? Somewhere in the middle. 350m is what we will probably go for, with certain clauses and stipulations in place. If Ashley really does want out and a quick no strings attached sale, he’ll settle for 300m which gets him his money back and a huge profit. He will lose out on SD advertising and exposure and future growth estimates RE TV income etc. though which you also have to consider. As a businessman you can’t just say well the club is worth this and this is what you paid for it nd expect Ashley to sell up because to him, it’s worth more than say 300m. Either way whatever he has spent on buying it, he will always get back, but he will lose out on all the advertising and future stuff. When you think about it, it’s not a bad model to pump a few hundred million into because I think overal that money spend on purchase etc. is almost guaranteed. Money in the bank basically. He has done extremely well out of NUFC you have to say from his own financial point of view and that of his other company. Any new buyer, what you are buying, is a company that has an almost guaranteed income based on customers and huge potential growth in terms of additional revenues with sponsorship, TV money and other commercial stuff. That alone makes NUFC more than worth 350m which is what I’d be wanting if I was Ashley and if I were genuine about building NUFC up, would pay. To get to the top will of course cost huge money and there are no guuarantees but get it right and well, just look at Chelsea or Man City, mega clubs. Makes you wonder why they waste money on due diligence when you could have knocked something up on the value of the club in a paragraph :lol:

This 100%. It's the only thing that makes any sense, and they have every right to insert that clause to try and speed up the process. If Ashley wants to take his sweet ass time and allow January to pass without any investment, we could be in serious danger of going down. Are we 100% confident that the HMRC issue is not going to result in a points deduction or worse? That may be why there is a clause, although it is doubtful that any investigation by HMRC will be concluded this season

It's nothing like buying house. If you need a new roof your income doesn't suddenly get cut significantly. They know what they are buying. You cant start negotiating a new boiler 6 months after a purchase, or saying i can only buy this property on the grounds that boiler stays in tip top shape for the remainder of the year. Wtf you have me comparing us to a boiler now to make a point. Point is a relegation clause for a club isnt going to work or happen imo. No one is saying it is or isn't, in fact most of us see it as a political move as part of her bid in which she's willing to drop to get a better deal for herself. You are the one dismissing her credibility because of this one aspect. When I buy a Festive Bake I do so in the understanding that if it makes me sick I can complain and get a refund. A football club is much more expensive than a Festive Bake usually (waves at mackems!) but no less complex or enjoyable this just seems a sensible precaution to ensure maximum enjoyment from it's warm flakey goodness by making sure we are compensated for the loss of tv money if we are relegated. Greggsenomics. Can we have a half eaten Mike Ashley as the baby Jesus?

Agreed, why take on a risk that was not of your making without reparations. Seems sensible and could be a stumbling block or a negotiating token, who knows

Didn’t Ashley once say he would step aside if someone came in who could invest and take the team forward? He is making a profit even at £300 million, more proof he is just a pathological liar

..............said Amanda

He used to clatter people in midfield, gave Roeder abuse when he was dealing with a brain tumour and he's a general knacker who players up to their shallow attitudes on RTG. And of course he is a MLF

Aye, the drinks trolley came round only once and there was no White Lightening. Darren Gibson lost it and said that nobody cared, threw a punch at John O'Shea who nearly spilt his Guinness. After that all hell broke loose

Paul Stuckinbottom for me like

Was the person filming black or are we just assuming

She is doing her coaching badges, Fenham Mag told me. It's for when the arse falls out the 'filthy rich milf' market

You calling Alan Sheared a she?

Wow that is some insight, how on earth does he know the club will either be sold or it won’t. He is a clever guy, you can see how he is a dentist.....

Fenham, you are persona non grata following last weeks tit tassle dance :lol:

I still prefer this type of jangle to the 'It's happening, can't say how I know' types

Why wait a couple of weeks? Not doubting you and your source but I can't see what is to be gained by not announcing it, unless there are tax reasons. Hope you are right

At what point will they have to win every game to match our points total of last season, you know in that pub league that they would walk with their squad.

Personally, I have no problems with him doing this as like you say, he's from a staunchly Republican family and area. For such a man of principles though, he seems to have no problems paying (quite a lot of) tax to HMRC, knowing fine well that a lot of it is going directly to the British Army......that's where I find him to be an absolute hypocrite. Strange thing to say given that not doing so isn’t an option

The general hatred of Maclean is a bit daft given that those who gave their lives did so to fight fascism and allow freedom of speech. He grew up in a fiercely republican area where the wearing of a poppy would likely get you, at the very least, beaten up so are we seriously expecting him to wear one? He still has family and friends back home and I’m sure their lives would be uncomfortable if he did.

A Joselu brace? Doubt it, he runs like he’s got one on his leg