Sir Toon Posted October 12, 2017 Share Posted October 12, 2017 Cant believe we're still talking about a takeover. Never was happening, never will under the greedy c.unt. Link to post Share on other sites More sharing options...
Teasy Posted October 12, 2017 Share Posted October 12, 2017 That's true but if asset strippers bought NUFC for £200m they could sell all the assets, pocket the TV money then they'd have made more than the £200m it cost to buy. Clubs get paid TV money in stages don't they? If they sold everything over night they wouldn't get any further TV money payments. Also to sell that quick they'd have to sell at a small fraction of market value. If instead they sold over the season (which they'd need to to get the kind of money you're talking about) then they'd have to spend significant amounts of money on running costs (including about £70m+ on wages for the year). Don't get me wrong like, that "expert" talking about what the club is worth is talking utter bollocks, just saying that I don't think asset stripping would work in Football. Link to post Share on other sites More sharing options...
Teasy Posted October 12, 2017 Share Posted October 12, 2017 Just read that article, is he possibly looking at any potential £380m deal as exclusive of debt? As in he's saying the club is worth about £190m-£200m because there's about £200m of debt left to pay after you buy. So paying £380m for a club that will have £200m debt would be over the odds (total of £580m). That's the only way I can make sense of his opinion. Because if he's saying that Newcastle United, free of Ashley's debt, is worth only £190-£200m he's not an expert, he's a moron. Link to post Share on other sites More sharing options...
Zero Posted October 13, 2017 Share Posted October 13, 2017 I don't know. In business world an assets value is closely related to the net profit generated each year. A very basic calculation would be net profit per year / expected return rate. But football club seems not running for net profits, isn't it? Link to post Share on other sites More sharing options...
Sir Toon Posted October 13, 2017 Share Posted October 13, 2017 We are a bad example to value anyway as those, if there are anyone really looking, will find out when going through the books as a lot of income is diverted elsewhere thus not showing in the turnover. Link to post Share on other sites More sharing options...
NG32 Posted October 13, 2017 Share Posted October 13, 2017 I suppose one thing to cling and clutching a little bit here, is that the club haven't come out and issued a "this is not true" or "there has been no official approach". Unless Ashley is playing the long scam with nufc fans for laughs. Link to post Share on other sites More sharing options...
Sir Toon Posted October 13, 2017 Share Posted October 13, 2017 I suppose one thing to cling and clutching a little bit here, is that the club haven't come out and issued a "this is not true" or "there has been no official approach". Unless Ashley is playing the long scam with nufc fans for laughs. Nailed it with that bit for me. Link to post Share on other sites More sharing options...
LoveItIfWeBeatU Posted October 13, 2017 Share Posted October 13, 2017 According to this article only a couple of Premiership clubs made a big profit last year, a few made a profit of around £3m and over a third made losses. https://www.theguardian.com/football/2017/jun/01/premier-league-finances-club-by-club The year before for information. https://www.theguardian.com/football/2016/may/25/premier-league-finances-club-by-club-breakdown-david-conn Link to post Share on other sites More sharing options...
steve_69 Posted October 13, 2017 Share Posted October 13, 2017 I suppose one thing to cling and clutching a little bit here, is that the club haven't come out and issued a "this is not true" or "there has been no official approach". Unless Ashley is playing the long scam with nufc fans for laughs. Nailed it with that bit for me. I'm sure Staveley would have come out herself to deny it if there was no truth in it Link to post Share on other sites More sharing options...
NG32 Posted October 13, 2017 Share Posted October 13, 2017 According to this article only a couple of Premiership clubs made a big profit last year, a few made a profit of around £3m and over a third made losses. https://www.theguardian.com/football/2017/jun/01/premier-league-finances-club-by-club The year before for information. https://www.theguardian.com/football/2016/may/25/premier-league-finances-club-by-club-breakdown-david-conn Yes but if you take into account what owning NUFC did for Ashley and SD then its more than profitable. Imagine if Ashley had of run us more successfully, ie no relegations and top 10 finishes, maybe the occasional top 5 finish. his brand and coverage would have been worth much more. I thin that's what you sell. Link to post Share on other sites More sharing options...
Away Day Gadgie Posted October 13, 2017 Share Posted October 13, 2017 Question for people more knowledgeable on Finance/Business than i am..... Would it make sense for Ashley to cut his ties with NUFC before the s*** hits the fan with this upcoming tax scandal? ie. Would it affect Sports Direct's share price if their major shareholder was found to be involved in fraudulent activities with another of his businesses? Obviously selling the club wouldn't absolve him of blame by any means but maybe it would take some of the heat away in the manner that it's reported in the press, therefore protecting what remains of his reputation? Like i say i'm not any sort of finance expert, just thinking of possible scenarios. Link to post Share on other sites More sharing options...
thomas Posted October 13, 2017 Share Posted October 13, 2017 This cunt sold yet? Link to post Share on other sites More sharing options...
LoveItIfWeBeatU Posted October 13, 2017 Share Posted October 13, 2017 According to this article only a couple of Premiership clubs made a big profit last year, a few made a profit of around £3m and over a third made losses. https://www.theguardian.com/football/2017/jun/01/premier-league-finances-club-by-club The year before for information. https://www.theguardian.com/football/2016/may/25/premier-league-finances-club-by-club-breakdown-david-conn Yes but if you take into account what owning NUFC did for Ashley and SD then its more than profitable. Imagine if Ashley had of run us more successfully, ie no relegations and top 10 finishes, maybe the occasional top 5 finish. his brand and coverage would have been worth much more. I thin that's what you sell. That's why I think the £200m 'fair' price is bollocks. The untapped potential of NUFC makes it worth loads more, especially after taking the TV income into account. Mike Ashley has run the club without maximising the income possibilities. My reason for posting the profit and loss articles was to show most Premiership clubs either make a tiny profit or losses. I think any potential buyer of NUFC who has the idea of running it at a profit is to be feared. Link to post Share on other sites More sharing options...
Kanji Posted October 13, 2017 Share Posted October 13, 2017 If you're buying a premier league club in today's world you're going to be paying for much of the upside and future potential - there's no way any seller will price the club like you would real estate or any business. Link to post Share on other sites More sharing options...
Stottie Posted October 13, 2017 Share Posted October 13, 2017 The Totally Football podcast by AC Jimbo had a football takeover expert on this week and he said that we are the most obviously attractive club for any potential billionaire buyer. The conversation is about 45 minutes into the podcast. He continues to say that the change in Chinese government rules away from investment in sports is the main factor at the moment. Not wanting to jump the gun or anything, but I don't think he would have said that if we are massively overpriced. Link to post Share on other sites More sharing options...
Hughesy Posted October 13, 2017 Share Posted October 13, 2017 Was listening to it while falling asleep, but wasn't there also some mention of the Communist Party investment 'conference' happening next week at which internal and external investment guidelines are set? The outcome of that will govern whether or not external investment can be made and in what amounts. He seemed to strongly indicate that Chinese investors were interested in us. Link to post Share on other sites More sharing options...
Joe_F Posted October 14, 2017 Share Posted October 14, 2017 Aye The Chronic's picked up on this Link to post Share on other sites More sharing options...
Menace Posted October 14, 2017 Share Posted October 14, 2017 Fingers crossed. Link to post Share on other sites More sharing options...
Bimpy474 Posted October 16, 2017 Share Posted October 16, 2017 Big breaking news about us just coming up on SSN, hope it's this cunt off. Link to post Share on other sites More sharing options...
ponsaelius Posted October 16, 2017 Share Posted October 16, 2017 Officially up for sale Link to post Share on other sites More sharing options...
Bimpy474 Posted October 16, 2017 Share Posted October 16, 2017 Ashley put us for sale, wants to sell before XMAS Link to post Share on other sites More sharing options...
Minhosa Posted October 16, 2017 Share Posted October 16, 2017 Statement due at any minute apparently. Please be a sale and not an Investor..................... Link to post Share on other sites More sharing options...
54 Posted October 16, 2017 Share Posted October 16, 2017 https://www.nufc.co.uk/news/latest-news/statement-from-st-james-holdings-limited?displaymode=googleamp Statement from St. James Holdings Limited As a result of increasing press speculation regarding the future of Newcastle United, the owner of the club, St. James Holdings Limited, wishes to clarify its intentions. As one of the Premier League's oldest and best supported football clubs - and for the benefit of its many fans and supporters in the UK and across the world - Newcastle United requires a clear direction and a path to a bright and successful future. To give the club the best possible opportunity of securing the positioning and investment necessary to take it to the next level, at what is an important time in its history, its present ownership has determined that it is in the best interests of Newcastle United and its fans for the club to be put up for sale. To give an incoming owner the maximum possible flexibility to make meaningful investment in the club, including in its playing squad, the sale process will give interested parties the opportunity of deferring substantial payments. A process will now commence of identifying new ownership for the club that will be capable of delivering the sustained investment in and dedication to the club that is necessary for it to achieve its ambitions. Link to post Share on other sites More sharing options...
BottledDog Posted October 16, 2017 Share Posted October 16, 2017 Fair play to Ashley. Title change please! Link to post Share on other sites More sharing options...
DJ_NUFC Posted October 16, 2017 Share Posted October 16, 2017 Hasn't this statement been out since 2008? Link to post Share on other sites More sharing options...
Recommended Posts